Bare Act

The Local Authorities Loan (Bombay Amendment) Act, 1942

Finance19423 sections

This law amends the Local Authorities Loans Act of 1914 specifically for the Province of Bombay to clarify that the term "authority" includes "person" in two key sections. By inserting these words, the legislation ensures that loans and financial regulations apply not only to government bodies but also to individual persons within the province. This change likely aims to expand the scope of borrowing or financial oversight to include private individuals acting in certain capacities, thereby providing a clearer legal framework for local financial transactions in Bombay during that period.

PDF: pending for this language.