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Section 16: Stock Certificate

Public Debt Rules, 1946Central Rules · 1944

Procedure when a stock certificate is lost, etc.- (1) Every application for the issue of a duplicate stock certificate in place of a stock certificate which is alleged to have been lost, stolen, destroyed, mutilated or defaced either wholly or in part shall be addressed to the Public Debt Office and shall be accompanied bya. the Post Office registration receipt for the letter containing the stock certificate, if the same was lost in transmission be registered post:

b. a copy of the police report, if the loss or theft was reported to the police:

c. an affidavit sworn before a Magistrate testifying that the applicant is the legal holder of the stock certificate and that the stock certificate is neither is his possession nor has it been transferred, pledged or otherwise dealt with by him; and d. any portions or fragments which may remain of the lost, stolen, destroyed, mutilated or defaced stock certificate.

(2) The circumstances attending the loss shall be stated in the application.

(3) The Bank shall if it is a satisfied of the loss, theft, destruction, mutilation or defacement of the stock certificate, order the Public Debt Office to issue a duplicate stock certificate in lieu of the original certificate.

17. Procedure when a Government promissory note in special form is lost etc- The procedure prescribed in Rule 12 shall apply to a promissory note issued in form I, when such note is lost, stolen, destroyed, mutilated or defaced.

[17A. Procedure when Treasury Savings Deposit Certificate or Defence Deposit Certificate is lost etc.- (1) Every application for issue of a duplicate certificate in place of a Treasury Savings Deposit Certificate [or a Defence Deposit Certificate] which is alleged to have been lost, stolen, destroyed, mutilated or defaced, either wholly or in part shall be addressed to the Public Debt Office and shall be accompanied by

(a) a statement of the following particulars, namely:- [(i) the last year for which interest has been paid;]

(ii) the place for payment of interest at which the certificate was for the time being en-faced;

(iii) the circumstances of the loss, theft, destruction, mutilation or defacement; and

(iv) whether the loss was reported to the police;

(b) the post office registration receipt for the letter containing the deposit certificate if it was lost in transmission by post;

(c) a copy of the police report if the loss or theft was reported to the police;

(d) an affidavit sworn before a Magistrate testifying that the applicant is the legal holder of the certificate and that the certificate is not in his possession nor has it been pledged or otherwise dealt with by him; and

(e) any portions or fragments which may remain of the lost, stolen, destroyed, mutilated or defaced certificate.

(2) A duplicate of the letter to the Public Debt Office but not of its enclosures shall also be sent to the [treasury or Head Post Office] where interest is payable.

(3) The Bank shall, if it is satisfied of the loss, theft, destruction, mutilation or defacement of the certificate, order the Public Debt Office to issue a duplicate Treasury Savings Deposit Certificate [or a Defence Deposit Certificate, as the case may be,] in lieu of the original certificate.]

[17-B. Procedure when a Defence Certificate is lost.- (1) Every application for issue of a duplicate Defence Certificate in place of a Defence Certificate which is alleged to have been lost, stolen, destroyed mutilated or defaced, either wholly or in part shall be addressed to the Public Debt Office, New Delhi, and shall be accompanied by

(a) a statement of the following particulars namely:

(i) the circumstances of the loss, theft, destruction mutilation or defacement; and

(ii) whether the loss was reported to the police;

(b) the post office registration receipt for the letter containing the Defence Certificate if it was lost in transmission by post;

(c) a copy of the police report, if the loss or theft was reported to the police;

(d) an affidavit sworn before a Magistrate testifying that the applicant is the legal holder of the certificate and that the certificate is not in his possession, nor has it ben pledged or otherwise dealt with by him; and

(e) any portions or fragments which may remain of the lost, stolen, destroyed, mutilated or defaced certificate.

(2) The Bank shall, if it is satisfied of the loss, theft destruction, mutilation or defacement of the certificate, order the Public Debt Office, New Delhi, to issue a duplicate Defence Certificate in lieu of the original certificate.]

Where this provision sits

ActPublic Debt Rules, 1946
Section16
Marginal noteStock Certificate
JurisdictionCentral
StatusIn force as published by the source

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