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Section 9 A – Public Debt Act,1944

Public Debt Act,1944

Section 9 A. Application of Sections 9-B, 9-C, etc

1[Application of Sections 9-B, 9-C, etc. Notwithstanding anything contained in section 1-A-, the provisions of sections 9-B-and9-C-and the power to make rules in relation to any of the matters referred to in sections 9-B-and9-C-shall apply only to such classes of Government securities created and issued by the Central Government, whether before or after the commencement2 of the Public Debt (Amendment) Act,1959, as that Government may, by notification3 in the Official Gazette, specify, and in relation to such classes of securities the provisions of sections 7 and 9 shall have effect subject to the provisions contained in sections 9-B-and9-C-]

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1. Sections 9-A, 9-B and 9-C were inserted by the Public Debt (Amendment) Act 1959 (44 of 1959), Section 2 (with effect from 1 -8-1960).

2. That is 1st August,1960.

3. Provisions of Sections 9-B and 9-C have been applied to the securities created in the form of 10-Year Defence Deposit Certificates See G.S.R. 1472, Gaz. of Ind.,1962, Pt. II, S. 3(i), p. 1786, and also to securities in the form of Defence Certificates See G.S.R. 1734, Gaz. of Ind.,22-12-1962, Pt. II, S. 3(i), p. 2095.

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Public Debt Act,1944

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