Section 27: Penalty — Public Debt, Act, 1944

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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27. Penalty.—(1) If any person, for the purpose of obtaining for himself or for any other person any title to a Government security, makes to any authority under this Act in any application made under this Act or in the course of any inquiry undertaken in pursuance of this Act any statement which is false and which he either knows to be false or does not believe to be true he shall be punishable with imprisonment for a term which may extend to six months, or with fine or with both. 1Subs. by the public debit (Amdt.) Ordinance, 1961 (VII of 1961), ss. 8, 9 and 10, for “Central Government”. 2Subs. by the Central Laws (Statue Reforms) Ordinance, 1960 (21 of 1960), s. 3 and 2nd Sch. (with effect from the 14th October, 1955), for “the Provinces and the Capital of the Federation” which had been subs. by A. O., 1949, for “British India”. (2) No Court shall take cognizance of any offence under sub-section (1) except on the complaint of the Bank.

Effective date: 1944-01-01

Related sections

Section 26: The Bank and its officers to be deemed public officers. For the purposes of section 124 Section 28: Power to make rules Section 25: Inspection of documents. No person shall be entitled to inspect, or to receive infor Section 29: Act X of 1920 not to apply to Government securities. The Securities Act, 1920 (X of Section 24: Period of limitation of Government’s liability in respect of interest. Where no shorter Section 23: Discharge in respect of bearer bonds. 1[Government] shall be discharged from all

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