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Report No. 63

The Interest Act, 1839

Chapter 1

Introductory

1.1. Genesis of the Report.-

Revision of the Interest Act, 1839 (hereinafter referred to as the Act), which forms the subject-matter of this Report, has been taken up by the Law Commission suo motu as a part of its function of revising Central Acts of general application and importance. Though the Act is a short one, it is a legislative measure not only of importance but also of some difficulty, as will be shown by the discussion that follows in the succeeding chapters of this Report.



Interest Act, 1839 Back




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