Act Text
Preamble1 - Public Debt Act, 1944
Section1 - SHORT TITLE AND COMMENCEMENT
Section2 - DEFINITIONS In this Act, unless there is anything repugnant in the subject or context,
Section3 - TRANSFER OF GOVERNMENT SECURITIES
Section4 - TRANSFEROR OF GOVERNMENT SECURITIES NOT LIABLE FOR AMOUNT THEREOF Notwithstanding anything contained in the Negotiable
Section5 - HOLDING OF GOVERNMENT SECURITIES BY HOLDERS OF PUBLIC OFFICES
Section6 - NOTICE OF TRUST NOT RECEIVABLE
Section7 - PERSONS WHOSE TITLE TO A GOVERNMENT SECURITY OF A DECEASED SOLE HOLDER MAY BE RECOGNISED BY THE BANK Subject to the
Section8 - RIGHT OF SURVIVORS OF JOINT HOLDERS OR SEVERAL PAYEES Notwithstanding anything contained in section 45 of the Indian
Section9 - SUMMARY PROCEDURE ON DEATH OF HOLDER OF GOVERNMENT SECURITIES NOT EXCEEDING FIVE THOUSAND RUPEES FACE VALUE
Section09A - APPLICATION OF SECTIONS 9B, 9C, ETC Notwithstanding anything contained in section 1-A-, the provisions of sections
Section09B - NOMINATIONS BY HOLDERS OF GOVERNMENT SECURITIES
Section09C - PAYMENT OF DEATH OF HOLDER
Section10 - GOVERNMENT SECURITIES NOT EXCEEDING FIVE THOUSAND RUPEES FACE VALUE BELONGING TO MINOR OR INSANE PERSON When a
Section11 - ISSUE OF DUPLICATE SECURITIES AND OF NEW SECURITIES ON CONVERSION, CONSOLIDATION, SUB-DIVISION OR RENEWAL
Section12 - SUMMARY DETERMINATION BY THE BANK OF TITLE TO GOVERNMENT SECURITY IN CASE OF DISPUTE
Section13 - LAW APPLICABLE IN REGARD TO GOVERNMENT SECURITIES Notwithstanding that as a matter of convenience28[the Government] may
Section14 - RECORDING OF EVIDENCE
Section15 - POSTPONEMENT OF PAYMENT AND REGISTRATION OF TRANSFERS PENDING THE MAKING OF A VESTING ORDER Where the Bank contemplates
Section16 - POWER TO BANK TO REQUIRE BONDS
Section17 - PUBLICATION OF NOTICES IN OFFICIAL GAZETTE Any notice required to be given by the Bank under this Act may be served by
Section18 - SCOPE OF VESTING ORDER An order made by the Bank under this Act may confer the full title to a Government security or
Section19 - LEGAL EFFECT OF ORDERS MADE BY THE BANK No recognition by the Bank of a person as the holder of a Government security,
Section20 - STAY OF PROCEEDINGS ON ORDER OF COURT Where the Bank contemplates making with reference to any Government security any
Section21 - CANCELLATION BY THE BANK OF VESTING PROCEEDINGS Where the Bank contemplates making an order under this Act vesting a
Section22 - DISCHARGE IN RESPECT OF INTEREST ON GOVERNMENT SECURITIES Save as otherwise expressly provided in the terms of a
Section23 - DISCHARGE IN RESPECT OF BEARER BONDS 37[The Government] shall be discharged from all liability on a bearer bond or on
Section24 - PERIOD OF LIMITATION OF CENTRAL GOVERNMENT'S LIABILITY IN RESPECT OF INTEREST Where no shorter period of limitation is
Section25 - INSPECTION OF DOCUMENTS No person shall be entitled to inspect, or to receive information derived from any Government
Section26 - THE BANK AND ITS OFFICERS TO BE DEEMED PUBLIC OFFICERS For the purposes of section 124 of the Indian Evidence Act, 1872
Section27 - PENALTY
Section28 - POWER TO MAKE RULES
Section29 - CERTAIN LAWS NOT TO APPLY TO GOVERNMENT SECURITIES The Indian Securities Act, 1920and any law corresponding to that law
Section30 - CONSTRUCTION OF REFERENCE TO LAWS NOT IN FORCE BEFORE 1ST APRIL IN PART B, STATES Any reference in this Act to any law
Section31 - CONSTRUCTION OF REFERENCES TO LAWS NOT IN FORCE IN JAMMU AND KASHMIR Any reference in this Act to a law which is not in
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