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TypeBare Act JurisdictionCentral Government

Public Debt Act, 1944 Section 2

DEFINITIONS In this Act, unless there is anything repugnant in the subject or context,

~1 min read
https://sooperkanoon.com/act/225868

Bare act section · Research

About this section

Public Debt Act, 1944 Section 2 is part of Public Debt Act, 1944 - DEFINITIONS In this Act, unless there is anything repugnant in the subject or context,. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

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Section Text

1) "the Bank" means the Reserve Bank of India; 9[(1A) "the Government" in relation to any Government security means the Central or State Government issuing the security;]

(2) "Government security" means-

(a) a security, created and issued,10[by the Government] for the purpose of raising a public loan, and having one of the following forms, namely :-

(i) stock transferable by registration in the books of the Bank; or (ii) a promissory note payable to bearer; or (iv) a form prescribed in this behalf;"

(b) any other security created and issued by11 [the Government] in such form" and for such of the purposes of this Act as may be prescribed;

(3) "prescribed" means prescribed by rules made under this Act;

(4) "promissory note" includes a treasury bill.

Frequently asked questions

What does Public Debt Act, 1944 Section 2 provide?

Section Section 2 of the Public Debt Act, 1944 (DEFINITIONS In this Act, unless there is anything repugnant in the subject or context,) is reproduced on this page as part of the Public Debt Act, 1944. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Public Debt Act, 1944 Section 2?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Public Debt Act, 1944 Section 2. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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