Act Number: 18

Act Name: The Public Debt Act, 1944

Year: 1944

Enactment Date: 1944-11-22

Long Title: An Act to consolidate and amend the law relating to Government securities and to the management by the Reserve Bank of India of the public debt of the Government.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 10: Government securities not exceeding five thousand rupees face value belonging to minor or insane person.
    When a Government security or securities belong to a minor or a person who is insane and incapable of managing his affairs and the face value of the security or securities does not in the aggregate exceed five thousand rupees, the Bank may make such order as it thinks fit for the vesting of such security or securities in such person as it considers represents the minor or insane person.
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