Nominations by holders of Government securities
Section 9B of the Public Debt Act, 1944 deals with nominations by holders of Government securities. Notwithstanding anything contained in any law for the time being in force or any disposition, whether testamentary or otherwise, in respect of a Government security, where a nomination made in the prescribed manner purports to confer on any person the right to receive payment of the amount for the t The Act came into force on 22 Nov 1944.
1[9B. Nominations by holders of Government securities.--(1) Notwithstanding anything contained in any law for the time being in force or any disposition, whether testamentary or otherwise, in respect of a Government security, where a nomination made in the prescribed manner purports to confer on any person the right to receive payment of the amount for the time being due on the security on the death of the holder thereof, the nominee shall, on the death of the holder of the security, become entitled to the security and to payment thereon to the exclusion of all other persons, unless the nomination is varied or cancelled in the prescribed manner.
(2) Any nomination referred to in sub-section (1) shall become void if the nominee predeceases, or where there are two or more nominees all the nominees predecease, the holder of the security making the nomination.
(3) A transfer of a Government security made in the prescribed manner shall automatically cancel a nomination previously made :
Provided that where a Government security is held by or on behalf of any person as a pledgee or by way of security for any purpose, such holding shall not have the effect of cancelling a nomination, but the right of the nominee shall be subject to the right of the person so holding it.
(4) Where the nominee is a minor it shall be lawful for the holder of a security to appoint in the prescribed manner any person to receive the amount for the time being due on the security in the event of his death during the minority of the nominee, and, where any such appointment has been made, the Government security shall, after the death of the holder and during the minority of the nominee, be deemed to be vested in that person as representing the minor.]
Section 9B, The Public Debt Act, 1944 (Act 18 of 1944).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 9B
What does Section 9B of the Public Debt Act deal with?
Section 9B of the Public Debt Act is headed "Nominations by holders of Government securities". [9B. Nominations by holders of Government securities.--(1) Notwithstanding anything contained in any law for the time being in force or any disposition, whether testamentary or otherwise, in respect of a Government security, where a nomination made in the prescribed manner purports to confer on any
How do I find court cases under Section 9B 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 9B, section 9B Public Debt Act 1944, section 9B 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 9B of the Public Debt Act, and has it changed?
3 other provisions in this corpus refer back to it. One instrument names it without being made under it, most recently Public Debt (Annuity Certificates) Rules 1954 (1954).
When did Section 9B of the Public Debt Act come into force?
Section 9B of the Public Debt Act, cited as Public Debt Act 1944 9B, 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
- 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
- 8. Right of survivors of joint holders or several payees197 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.