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Provided that the President may at any time after the
expiration of five years from such commencement terminate
or modify any such agreement if, after consideration of
the report of the Finance Commission constituted under
article 280, he thinks it necessary to do so.
307. Appointment of authority for carrying out the purposes of
articles 301 to 304.—Parliament may by law appoint such authority as it
considers appropriate for carrying out the purposes of articles 301, 302, 303
and 304, and confer on the authority so appointed such powers and such duties
as it thinks necessary.
PART XX
AMENDMENT OF THE CONSTITUTION
368 Procedure for amendment of the Constitution-
An amendment of this Constitution may be
initiated only by the introduction of a Bill
for the purpose in either House of Parlia-
ment, and when the Bill is passed in each
House by a majority of the total membership of that House
and by a majority of not less than two-thirds of the members
of that House present and voting, it shall be presented to
the President for his assent and upon such assent being
given to the Bill, the Constitution shall stand amended in
accordance with the terms of the Bill :
Provided that if such amendment seeks to make any
change in -
(a) article 64, article 55, article 73, article 162 or
article 241, or
(b) Chapter IV of Part V, Chapter V of Part VI,
or Chapter I of Part XI, or
(c) any of the Lists in the Seventh Schedule, or
(d) the representation of States in Parliament, or
(e) the provisions of this article,
the amendment shall also require to be ratified by the
Legislatures of not less than one-half of the States specified
in Parts A and B of the First Schedule by resolutions to
that effect passed by those Legislatures before the Bill
making provision for such amendment is presented to the
President for assent.
198
PART XXII
SHORT TITLE, COMMENCEMENT AND REPEALS
393. Short title.—This Constitution may be called the Constitution of
India.
394. Commencement.—This article and articles 5, 6, 7, 8, 9, 60, 324,
366, 367, 379, 380, 388, 391, 392 and 393 shall come into force at once, and
the remaining provisions of this Constitution shall come into force on the
twenty-sixth day of January, 1950, which day is referred to in this Constitution
as the commencement of this Constitution.
395. Repeals.—The Indian Independence Act, 1947, and the
Government of India Act, 1935, together with all enactments amending or
supplementing the latter Act, but not including the Abolition of Privy Council
Jurisdiction Act, 1949, are hereby repealed.
217
PART XII
FINANCE, PROPERTY, CONTRACTS AND SUITS
CHAPTER I.—FINANCE
General
264. Interpretation.—
In this Part, unless the context otherwise
requires,
(a) "Finance Commission" means a Finance
Commission constituted under article 280 ,
(b) " State" does not include a State specified in
Part C of the First Schedule ;
(c) references to States specified in Part C of the
First Schedule shall include references to any
territory specified in Part D of the First
Schedule and any other territory comprised
within the territory of India but not speci-
fied in that Schedule.
265. Taxes not to be imposed save by authority of law.—No tax shall
be levied or collected except by authority of law.
266. Consolidated Funds and public accounts of India and of the
States.—(1) Subject to the provisions of article 267 and to the provisions of
this Chapter with respect to the assignment of the whole or part of the net
proceeds of certain taxes and duties to States, all revenues received by the
Government of India, all loans raised by that Government by the issue of
treasury bills, loans or ways and means advances and all moneys received by
that Government in repayment of loans shall form one consolidated fund to be
entitled “the Consolidated Fund of India”, and all revenues received by the
Government of a State, all loans raised by that Government by the issue of
treasury bills, loans or ways and means advances and all moneys received by
that Government in repayment of loans shall form one consolidated fund to be
entitled “the Consolidated Fund of the State”.