Every rule made under this Act shall be laid, as soon as may be, after it is made before each House of the State legislature, while it is in session for a total period of thirty days, which may be comprised in one session or in two or more successive sessions, and if, before the expire of the session in which it is so laid or the session immediately following, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, and notify such decision in the Official Gazette, the rule shall, from the date of such notification, have effect only in such modified form or be of no effect, as the case may be ; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
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Next · Section 9Protection of action taken in good faith. →All sections / सभी धाराएँThe Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005. →
More sections of this act
Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Fiscal Policy Statement to be laid before State Legislature.Section 4 · Disclosures.Section 5 · Fiscal management principles.Section 6 · Measures to enforce compliance.Section 7 · Power to make rules.Section 9 · Protection of action taken in good faith.India Code, Government of India. Text fetched 19 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.