[The Government] shall be discharged from all liability on a bearer bond or on any interest coupon of such a bond on payment to the holder of such bond or coupon on presentation on or after the date when it becomes due of the amount expressed therein, unless before such payment an order of a Court in [India] has been served on [the Government] restraining it from making payment.
Section 23: Discharge in respect of bearer bonds.
The Public Debt Act, 1944Central Act · Act 18 of 1944
Where this provision sits
| Act | The Public Debt Act, 1944 |
|---|---|
| Section | 23 |
| Marginal note | Discharge in respect of bearer bonds. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 6 of 1949. . Subs. by Act 6 of 1949, s. 6, for "The Central Government" (w.e.f. 1-4-1949).
- substituted, Act 57 of 1956. . Subs. by Act 57 of 1956, s. 11, for "the States" (w.e.f. 15-10-1956).
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