TypeBare Act JurisdictionCentral Government Enacted1944

Public Debt Act, 1944

Complete Act - all sections

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https://sooperkanoon.com/act/51124

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About this act

Public Debt Act, 1944 is Central state legislation published on SooperKanoon in full. Use this page to read the bare act and jump to judgments that cite it.

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Act Text

Preamble1 - Public Debt Act, 1944

Section1 - Short Title and Commencement

Section2 - Definitions

Section3 - Transfer of Government Securities

Section4 - Transferor of Government Securities Not Liable for Amount Thereof

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

Section8 - Right of Survivors of Joint Holders or Several Payees

Section9 - Summary Procedure on Death of Holder of Government Securities Not Exceeding Five Thousand Rupees Face Value

Section9A - Application of Sections 9-b, 9-c, Etc

Section9B - Nominations by Holders of Government Securities

Section9C - Payment of Death of Holder

Section10 - Government Securities Not Exceeding Five Thousand Rupees Face Value Belonging to Minor or Insane Person

Section11 - Issue of Duplicate Securities and of New Securities on Conversion, Consolidation, Subdivision 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

Section14 - Recording of Evidence

Section15 - Postponement of Payment and Registration of Transfers Pending the Making of a Vesting Order

Section16 - Power to Bank to Require Bonds

Section17 - Publication of Notices in Official Gazette

Section18 - Scope of Vesting Order

Section19 - Legal Effect of Orders Made by the Bank

Section20 - Stay of Proceedings on Order of Court

Section21 - Cancellation by the Bank of Vesting Proceedings

Section22 - Discharge in Respect of Interest on Government Securities

Section23 - Discharge in Respect of Bearer Bonds

Section24 - Period of limitation of Central Government's liability in respect of interest

Section25 - Inspection of Documents

Section26 - The Bank and Its Officers to Be Deemed Public Officers

Section27 - Penalty

Section28 - Power to Make Rules

Section29 - Certain Laws Not to Apply to Government Securities

Section30 - Construction of Reference to Laws Not in Force Before 1st April in Part B, States

Section31 - Construction of References to Laws Not in Force in Jammu and Kashmir

Section - Amendment Act 6 of 1949

Section - Amendment Act 57 of 1956

Section - Amendment Act 44 of 1959

Section - Amendment Act 44 of 1972

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What is the Public Debt Act, 1944?

The Public Debt Act, 1944, is Central state legislation available in full text on SooperKanoon. It is commonly used for legal research alongside judgments that interpret and apply its provisions.

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Public Debt Act, 1944

About this act

Act Text

Frequently asked questions

Brief any judgment in 18 sections.