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Amendment of section 1.

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..... d Kashmir which adopts this Act by resolution passed in that behalf under clause (1) of article 252 of the Constitution", the words "to all the States and Union territories" shall be substituted; (b) in sub-section (4),-- (i) the words "except the State of Jammu and Kashmir" shall be omitted; (ii) the words "and in the State of Jammu and Kashmir which adopts this Act under clause (1) of artic .....

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..... a, Nagaland, Punjab, Uttarakhand, Uttar Pradesh and West Bengal and in the Union territories and in any other State which adopts this Act under clause (1) of article 252 of the Constitution, on the date of such adoption; and, save as otherwise provided in this Part, any reference in this Part to the commencement of this Part shall, in relation to any State, mean the date on which this Part comes i .....

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..... onstrued to affect any restriction of transferability of Government securities contained in any notification issued under clause (f) of section 2 in respect of such securities" after the words "upon the Bank". It is also proposed to omit sub-sections (1) and (2) of section 31 of the Act. It is also proposed to omit the words "and the terms and conditions subject to which" in clause (a) of sub-sec .....

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