Section 28: Power to make rules

28. Power to make rules.—(1) The 1[Government] may, subject to the condition of previous publication, by notification in the official Gazette, make rules2 to carry out the purposes of this Act. (2) In particular and without prejudice to the generality of the foregoing power such rules may provide for all or any of the following matters, namely:— (a) the forms in which Government securities may be issued; (b) the form of the obligations referred to in clause (iv) of sub-clause (a) of clause (2) of section 2; (c) 3[* * * * * * *] (d) the manner in which different forms of Government securities may be transferred; (e) the holding of Government securities in the form of stock by the holders of offices other than public offices, and the manner in which and the conditions subject to which Government securities so held may be transferred; (f) the manner in which payment of interest in respect of Government securities is to be made and acknowledged; (g) the conditions governing the grant of duplicate, renewed, converted, consolidated and sub-divided Government securities; (h) the fees to be paid in respect of the issue of duplicate Government securities and of the renewal, conversion, consolidation and sub-division of Government securities ; (i) the form in which receipt of a Government security delivered for discharge, renewal, conversion, consolidation or sub-division is to be acknowledged; (j) the manner of attestation of documents relating to Government securities in the form of stock; (k) the manner in which any document relating to a Government security or any endorsement on a promissory note issued by 4[Government] may, on the demand of a person who from any cause is unable to write, be executed on his behalf; (n) the procedure to be followed in making vesting orders; 1Subs. by A.O. 1964, Art.2 & schedule for “Central Government” 2For the Prize Bonds Refund Rules, 1963, see Gaz. of P., 1963, Ext., pp. 807-809. 3Omitted by the Federal Laws (Revision and Declaration) Ordinance, 1981 (27 of 1981), s. 3 and Sch. II, which was previously subs. by Act 26 of 1951, s. 4 and 3rd Sch. 4Subs. by the Public Debt (Central Government) (Amdt.) Ordinance, 1961 (7of 1961), ss. 8,9 and 10, for “the Central Government”. (o) the authority by whom the certificate referred to in the proviso to section 7 is to be granted and the manner of making the inquiry therein mentioned. (3) A copy of all rules under this section shall be laid on the table of 1[the Central Legislature] 2[or, as the case may be, of the Provincial Legislature] as soon as may be after they are made.

Effective date: 1944-01-01

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