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TypeBare Act JurisdictionCentral Government

Indian Securities Act, 1920 Section 16

Liability in Respect of Promissory Note Renewed, Etc

~1 min read
https://sooperkanoon.com/act/24051

Bare act section · Research

About this section

Indian Securities Act, 1920 Section 16 is part of Indian Securities Act, 1920 - Liability in Respect of Promissory Note Renewed, Etc. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) When a renewed Government promissory note has been issued under section 12, or a new Government promissory note has been issued upon conversion, consolidation or sub-division under section 15, in favour of any person, the note so issued shall be deemed to constitute a new contract between the Government and such person and all persons deriving title thereafter through him.

(2) No such renewal, conversion, consolidation or sub-division shall affect the rights as against the Government of any other person to the security or securities so renewed, converted, consolidated or sub-divided.

Frequently asked questions

What does Indian Securities Act, 1920 Section 16 provide?

Section Section 16 of the Indian Securities Act, 1920 (Liability in Respect of Promissory Note Renewed, Etc) is reproduced on this page as part of the Indian Securities Act, 1920. 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 Indian Securities Act, 1920 Section 16?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Indian Securities Act, 1920 Section 16. 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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