Section 15: Postponement of payments and registration of transfers pending the making of a

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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15. Postponement of payments and registration of transfers pending the making of a vesting Order.— Where the Bank contemplates making an order under this Act to vest a Government security in any person, the Bank may suspend payment of interest on or the maturity value of the security or postpone the making of any order section 11 or the registration of any transfer of the security until the vesting order has been made.

Effective date: 1944-01-01

Related sections

Section 14: Recording of evidence Section 16: Power of Bank to require bonds Section 13: Law applicable in regard to Government securities Section 17: Publication of notices in official gazette Section 12: Summary determination by the Bank of title to Government security in case of Section 18: Scope of vesting order. An order made by the Bank under this Act may confer the full

Version public-debt-act-1944~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.