Section 10: Government securities not exceeding five thousand rupees face value belonging to

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.

Discuss this provision with AI

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.

Effective date: 1944-01-01

Related sections

Section 9: Summary procedure on death of holder of Government securities 2[* * *]Section 11: Issue of duplicate securities and of new securities on conversion, consolidation, sub Section 8: Right of survivors of joint holders of several payees Section 12: Summary determination by the Bank of title to Government security in case of Section 7: Persons whose title to a Government security of a deceased sole holder may be Section 13: Law applicable in regard to Government securities

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