CHAPTER IX
MONEY ORDERS
43.
Power to maintain money order system and to make rules
as to remittances thereby.
-
(1) The Central Government may provide
for the remitting o
f small sums of money through the Post Office by
means of money orders and may make rules as to such money orders.
(2) In particular and without prejudice to the generality of the foregoing
power, such rules may prescribe
-
(a) the limit of amount f
or which money orders may be issued;
(b) the period during which money orders shall remain current; and
(c) the rates of commission or the fees to be charged on money orders
or in respect thereof
44.
Power for remitter to recall money
-
order or al
ter name of
payee.
(1)
Subject to such conditions as the [Central Government]
may, by rules made under section 43, prescribe in respect of the levy
of additional rates of commission or fees or any other matters, a person
remitting money through the Post O
ffice by means of a money
-
order
may require that the amount of the order, if not paid to the payee, be
repaid to him, or be paid to such person other than the original payee
as he may direct.
(2)If neither the payee nor the remitter of a money order can b
e found,
and if within the period of one year from the date of issue of the order
no claim is made by such payee or remitter, the amount of such order
shall not be claimable from the Government.
45
.
Power
to provide for the issue of postal orders
.
-
(1) Th
e
Central Government may authorise the issue, in such form as may be
suitable, of money orders, to be called postal orders or by such
other designation as may be deemed appropriate, for certain fixed
amounts, and may make rules as to the rates
of commission to be
charged thereon and the manner in which, and conditions subject to
which, they may be issued, paid and cancelled.
(2) The Central Government may also make rules prescribing the
maximum limit of amount upto which postal orders may be is
sued from
time to time.
46.
Power to give effect to arrangements with other countries.
-
(1)
Where arrangements made with the United Kingdom, or with
any British possession or foreign country are in force, for the issue and
payment through the Post Offic
e of money orders between India a