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Section 29: Certain laws not to apply to Government securities.

The Public Debt Act, 1944Central Act · Act 18 of 1944

[29. Certain laws not to apply to Government securities.--The Indian Securities Act, 1920 (10 of 1920), and any law corresponding to that law in force in any Part B State immediately before the commencement of the Public Debt (Amendment) Act, 1956 (57 of 1956), shall cease to apply to Government securities to which this Act applies and to all matters for which provision is made by this Act :

Provided that any such corresponding law shall continue to apply to or in relation to any securities created and issued by the Government of Hyderabad, Saurashtra or Travancore -Cochin on or before the 31st day of March, 1953, for such period not exceeding one year from the commencement of the Public Debt (Amendment) Act, 1956 (57 of 1956), as the Cenral Government may, by notification in the Official Gazette, specify.]

Where this provision sits

ActThe Public Debt Act, 1944
Section29
Marginal noteCertain laws not to apply to Government securities.
JurisdictionCentral
StatusIn 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 57 of 1956. . Subs. by Act 57 of 1956, s. 12, for the original s. 29 (w.e.f. 15-10-1956).

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