Summary determination by the Bank of title to Government security in case of dispute
Section 12 of the Public Debt Act, 1944 deals with summary determination by the Bank of title to Government security in case of dispute. If the Bank is of opinion that a doubt exists as to the title to a Government security, it may proceed to determine the person who shall for the purposes of the Bank be deemed to be the person entitled thereto. The Act came into force on 22 Nov 1944.
(1) If the Bank is of opinion that a doubt exists as to the title to a Government security, it may proceed to determine the person who shall for the purposes of the Bank be deemed to be the person entitled thereto.
(2) The Bank shall give notice in writing to each claimant of whom it has knowledge, stating the names of all other claimants and the time when and the officer of the Bank by whom the determination of the Bank will be made.
(3) The Bank shall give notice in writing to each claimant of the result of the determination so made.
(4) On the expiry of six months from the issue of the notices referred to in sub -section (3), the Bank may make an order vesting in the person, found by the Bank to be entitled to the security, the security and any unpaid interest thereon.
Section 12, The Public Debt Act, 1944 (Act 18 of 1944).
Made under this section, and citing it
2 instruments name this provision in its title or its text without being made under it.
Questions about Section 12
What does Section 12 of the Public Debt Act deal with?
Section 12 of the Public Debt Act is headed "Summary determination by the Bank of title to Government security in case of dispute". If the Bank is of opinion that a doubt exists as to the title to a Government security, it may proceed to determine the person who shall for the purposes of the Bank be deemed to be the person entitled thereto.
How do I find court cases under Section 12 of the Public Debt Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Public Debt Act 1944 12, section 12 Public Debt Act 1944, section 12 of the Public Debt Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 12 of the Public Debt Act, and has it changed?
2 instruments name it without being made under it, most recently Public Debt (Annuity Deposit Certificates) Rules 1966 (1966), then Public Debt (Compensation Bonds) Rules, 1954 (1954).
When did Section 12 of the Public Debt Act come into force?
Section 12 of the Public Debt Act, cited as Public Debt Act 1944 12, came into force on 22 Nov 1944, having been enacted on 22 Nov 1944. It is in force as at the date shown on this page.
Other sections of this Act
- 28. Power to make rules589 words
- 9B. Nominations by holders of Government securities304 words
- 9C. Payment on death of holder286 words
- 3. Transfer of Government securities254 words
- 11. Issue of duplicate securities and of new securities on conversion, consolidation, sub-division or renewal230 words
- 7. Persons whose title to a Government security of a deceased sole holder may be recognised by the Bank224 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 22 Oct 2026. This page is not a substitute for legal advice.