Section 21: Cancellation by the Bank of vesting proceedings. Where the Bank contemplates

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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21. Cancellation by the Bank of vesting proceedings. Where the Bank contemplates making an order under this Act vesting a Government security in any person the Bank may, at any time before the order is made, cancel any proceedings already taken for that purpose and may, on such cancellation, proceed anew to the making of such order.

Effective date: 1944-01-01

Related sections

Section 20: Stay of proceedings on order of Court. Where the Bank contemplates making with Section 22: Discharge in respect of interest on Government securities. Save as otherwise expressly Section 19: Legal effect of orders made by the Bank. No recognition by the Bank of a person as the Section 23: Discharge in respect of bearer bonds. 1[Government] shall be discharged from all Section 18: Scope of vesting order. An order made by the Bank under this Act may confer the full Section 24: Period of limitation of Government’s liability in respect of interest. Where no shorter

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