Notwithstanding anything contained in sections 9, 10, 11 and 13, the prescribed authority may in any of the cases mentioned in the said sections,-
(a) issue duplicate securities or renewed securities or converted securities or consolidated securities or securities of lesser amounts, provided that the applicant executes the prescribed indemnity-bond against the claims of persons having any right in respect of the original security; or
(b) refuse to issue duplicate or renewed or converted or consolidated securities of lesser amount unless such indemnity-bond is executed.
(a) issue duplicate securities or renewed securities or converted securities or consolidated securities or securities of lesser amounts, provided that the applicant executes the prescribed indemnity-bond against the claims of persons having any right in respect of the original security; or
(b) refuse to issue duplicate or renewed or converted or consolidated securities of lesser amount unless such indemnity-bond is executed.
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More sections of this act
Section 1 · Short title, commencement and extent.Section 2 · Definition of Government securities.Section 3 · Notice of trust not receivable.Section 4 · Rights of survivors of joint payees.Section 5 · Prohibition to make endorsement except on Government promissory note.Section 6 · Transfer of Government securities to any person in his ex-officio capacity.Section 7 · Endorser of Government security not liable for amount thereof.Section 8 · Signature or impression of signature on Government securities.India Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.