Dispute between the Govt. of Madras and the Reserve Bank of India about the rate of Commission on investment transactions relating to the funds of the Administrator General & official Trustee, Madras.Decision:- Governor General’s decision that investment by the administrator General & official Trustee, Madras, of funds administered by him are not investments by Govt. either of Govt. funds or of funds managed by the Govt. with the result that clause 7 of Agreement has no application to such investment & that commission is chargeable on them at the rates claimed by the Bank.

Ministry/ Department/ Residency Central Board of Revenue
Branch Finance Dept - Finance - II
From Year / Date
(YYYY-MM-DD)
1945
To Year / Date
(YYYY-MM-DD)
1945
Identifier PR_750000031534
File No./Reference No./Sheet No./Folio No. 21(2) F II/45
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