Report No. 20

Appendix 1

Proposals as shown in the Form of a Draft Bill

[This is a tentative draft only.]

[Corresponding sections of the existing Act are noted within brackets]

The Hire-Purchase Bill, 1961

A

Bill

to amend the law relating to the hire-purchase of goods

Be it enacted by Parliament in the Twelfth Year of the Republic of India as follows:-

Chapter 1

Preliminary

1. Short title, extent and commencement.-

(1) This Act may be called the Hire-Purchase Act, 1961.

(2) It extends to the whole of India except the State of Jammu and Kashmir.

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.