Bare Act

The Maharashtra Baronetcies (Amendment) Act, 1973

General197317 sections

This act amends laws governing the administration of the Dinshaw Manockjee Petit Baronetcy and the Sir Jamsetjee Jejeebhoy Baronetcy in Maharashtra. It establishes the Official Trustee or a State Government appointee as the sole corporation sole responsible for managing these Baronetcies. The measure modernizes financial governance by allowing the use of modern investment options such as units from the Unit Trust of India and deposits with approved banks or financial corporations. Enacted with effect from September 1969, this legislation provides the legal framework to ensure the assets are handled lawfully and effectively.

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