The Gujarat State Guarantees Act, 1963

 

 

GOVERNMENT OF GUJARAT 
LEGISLATIVE AND PARLAMENTARY AFFAIRS DEPARTMENT 

GUJARAT ACT NO. XXII OF 1963 

The Gujarat State Guarantees Act, 1963 

(As modified upto the 30th September, 2007) 

 

 



 

 

THE GUJARAT STATE GUARANTEES ACT, 1963 

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CONTENTS 

PREAMBLE PAGE NO. 

SECTIONS. 

1. Short title. 1 

2. Fixation of limit up to which the State may give guarantees. 1 

 

 

 

 

 

 

 

 

 

 

 

 



GUJARAT ACT NO. XXII OF 19631.* 

[THE GUJARAT STATE GUARANTEES ACT, 1963] 

[6th May, 1963] 

Amended by Guj. 34 of 1963. 

Amended by Guj. 25 of 1964. 

Amended by Guj. 14 of 1966. 

Amended by Guj. 19 of 1969. 

Amended by Guj. 8 of 1972. 

Amended by Guj. 2 of 1975. 

Amended by Guj. 8 of 1977. 

Amended by Guj. 7 of 1978. 

Amended by Guj. 9 of 1980. 

Amended by Guj. 18 of 1985. 

Amended by Guj. 6 of 1989. 

Amended by Guj. 15 of 1991. 

Amended by Guj. 16 of 1994. 

Amended by Guj. 6 of 1998. 

Amended by Guj. 1 of 2000. 

Amended by Guj. 17 of 2000. 

Amended by Guj. 5 of 2001. 

 

An Act to fix the Limit up to which the executive power of the State shall extend to the 

giving of guarantees. 

It is hereby enacted in the Fourteenth Year of the Republic of India as follows:- 

1. This act may be called the Gujarat State Guarantees Act, 1963. 

2. (1) The limit upto which the executive power of the State Government shall 

extend to the giving of guarantees (including the guarantees given 

before the commencement of this Act) as provided in clause (1) of 

article 293 of the Constitution shall be the sum of 2[Rs. 

2,00,00,00,00,000] 

 3[(2) The State Government shall, within a period of six months from the end 

of the financial year in which any guarantees are given, lay before the 

Legislative Assembly of the State,– 

Short title  

Fixation of limit 

upto which the 

State may give 

guarantees. 



  (a) a statement of guarantees which may have been given during 

that year, and 

  (b) an account of the total sums which during that year may have 

been either issued out of the Consolidated Fund of the State to 

meet with liabilities arising out of the guarantees so given or paid 

in or towards repayment of the sums so issued : 

Provided that if the Legislative Assembly of the State is not in session or is not 

sitting on the date on which the said period of six months expires, the said period of six 

months shall be deemed to expire on the first day on which the Legislative Assembly 

first sits after the aforesaid date.] 

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1. For Statement of Objects and Reasons, See Gujarat Government Gazette, Extraordinary, Part 

V, Dates the 2nd February, 1963, Page-22. 

* This Act was Assented to by the Governor on the 2nd May, 1963. 

2. These letters and figures were substituted for the letters and figures “Rs. 160,00,00,00000” 

by Guj. 5 of 2001, s. 2 and which was substituted for the letters and figures Rs. 

140,00,00,00,000 by Guj. 17 of 2000 s. 2. 

3. Sub-section (2) was substituted by Guj. 8 of 1977, s. 2.