Provisions as to financial emergency

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..... ffect. 1 [(2) A Proclamation issued under clause (1)- (a) may be revoked or varied by a subsequent Proclamation; (b) shall be laid before each House of Parliament; (c) shall cease to operate at the expiration of two months, unless before the expiration of that period it has been approved by resolutions of both Houses of Parliament: Provided that if any such Proclamation is issued at a time when th .....

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..... thority of the Union shall extend to the giving of directions to any State to observe such canons of financial propriety as may be specified in the directions, and to the giving of such other directions as the President may deem necessary and adequate for the purpose. (4) Notwithstanding anything in this Constitution- (a) any such direction may include- (i) a provision requiring the reduction of s .....

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..... e.f. 20-6-1979). 2. Clause (5) was Inserted by the Constitution (Thirty-eighth Amendment) Act, 1975, Section 8 (retrospectively) and omitted by the Constitution (Forty-fourth Amendment) Act, 1978, Section 41 (w.e.f. 20-6-1979). - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen .....

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