1 [48A. Borrowing upon the security of the Consolidated Fund of the Union Territory.―(1) The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of the Union territory within such limits, if any, as may, from time to time, be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed: Provided that the powers exercisable by the Government of India under this sub-section shall also be exercisable by the Administrator subject to such conditions, if any, as the Government of India may think fit to impose. (2) Any sums required for the purpose of invoking a guarantee shall be charged on the Consolidated Fund of the Union territory.
Source footnotes
Document extract. Section boundaries were matched to the arrangement of sections in the official source. Original formatting and footnote placement can differ; check the linked document.
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 48BForm of accounts of the Union territory. →All sections / सभी धाराएँThe Government of Union Territories Act,1963 →
More sections of this act
Section 1 · Short title and commencement.Section 2 · Definitions and interpretation.Section 3 · Legislative Assemblies for Union territories and their composition.Section 4 · Qualification for membership of Legislative Assembly.Section 5 · Duration of Legislative Assemblies.Section 6 · Sessions of Legislative Assembly, prorogation and dissolution.Section 7 · Speaker and Deputy Speaker of Legislative Assembly.Section 8 · Speaker or Deputy Speaker not to preside while a resolution for his removal from office is under consideration.India Code, Government of India. Text fetched 17 Oct 2026. Source metadata reports last modification: 2019-06-19. Check the linked official text and subsequent notifications when applying a provision.