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Section 1 – Public Debt Act,1944

Public Debt Act,1944

Section 1. Short title and commencement

(1) This Act may be called the Public Debt 1[**] Act,1944.

2[*****]

(3) It shall come into force on such 3date as the Central Government may, by notification in the official Gazette, appoint in this behalf.

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1. The words and brackets “(Central Government)” were omitted by the Public Debt (Cenrtral Government) Amendment Act,1949 (6 of 1949), S. 3 (1-4-1949).

2. Sub-section (2) was omitted by the Public Debt (Amendment) Act,1956 (57 of 1956), S. 3(15-10-1956).

3. The Act came into force on 1-5-1946, see Notfn. F.I. (1) B/46, D/- 20-4-1946, Gaz. of Ind.,1946, Pt. I, p. 575.

1[1A. Securities to which this Act applies.

This Act applies to Government securities created and issued whether before or after the commencement of this Act by the Central Government or a State Government 2[* ********]

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1 Inserted by the Public Debt (Amendment) Act,1956 (57 of 1956), Section 4 (15-10-1956). By S. 15 of this Amendment Act the following enactments are, subject to a saving clause, repealed, namely, (1) the-Madhya Bharat Public Debt Act,1953; (2) the Mysore Public Debt Act,1953; (3) the Saurashtra Public Debt Act,1953; and (4) the Travancore-Cochin Public Debt Act,1954.

2. Words “other than the Government of Jammu and Kashmir” omitted by the Public Debt (Amendment) Act,1972 (44 of 1972), S. 2 (w.r.e.f. 1-9-1972).

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Public Debt Act,1944

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