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KERALA FINANCE (No. 2) ACT, 2007

KERALA FINANCE (No. 2) ACT, 2007

KERALA FINANCE (No. 02) ACT, 2007

Preamble - KERALA FINANCE (No. 02) ACT, 2007

THE KERALA FINANCE (No. 02) ACT, 2007

[Act No. 16 of 2007][1]

[28th July, 2007]

PREAMBLE

An Act to give effect to the financial proposals of the Government of Kerala for the financial year 2007-08

Whereas, it is expedient to amend the Kerala Tax on Paper Lotteries Act, 2005, to give effect to the financial proposals of the Government of Kerala for the Financial Year 2007-08;

BE it enacted in the Fifty-eighth Year of the Republic of India as follows:-

Section 1 - Short title and commencement

(1)     This Act may be called the Kerala Finance (No. 2) Act, 2007.

 

(2)     It shall be deemed to have come into force on the 1st day of April, 2007.

Section 2 - Amendment of Act 20 of 2005

In the Kerala Tax on Paper Lotteries Act, 2005 (20 of 2005), in sub-section (1) of section 6,-

(i)       in clause (a), for the words "Ten lakh rupees**, the words "Fifteen lakh rupees" shall be substituted,

(ii)      in clause (b), for the words "Two lakh fifty thousand rupees", the words "Five lakh rupees" shall be substituted



[1] Received the assent of Governor on the 28th July, 2007 and published in the Kerala Gazette Extraordinary No. 1394 dated 28th July, 2007