State Act
4
Section 4. Prohibition.
The West Bengal Ceiling On Government Guarantees Act, 2001
Act no. 17 of 20012001In forceWest Bengal (State Act)
4. Notwithstanding anything contained in any other law for the time being in force,— (a) no Government Guarantee shall be given in respect of a loan of any private individual, institution or company; (b) no Government Guarantee shall be extended to the co-operative institutions unless the share capital contribution from the non-Government sources is not less than ten per cent of the total equity proposed.