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Section 15 – Public Debt Act,1944

Public Debt Act,1944

Section 15. Postponement of payment and registration of transfers pending the making of a vesting order

Where the Bank contemplates making an order under this Act to vest a Government security in any person, the Bank may suspend payment of interest on or the maturity value of the security or post-pone the making of any order under section 11-or the registration of any transfer of the security until the vesting order has been made.

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Public Debt Act,1944

Indian Laws – Bare Acts

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