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20/05/2024
Laws of Bangladesh

The Public Debt Act, 1944

( ACT NO. XVIII OF 1944 )

Transfer of Government securities
3. (1) Subject to the provisions of section 5, a transfer of a Government security shall be made only in the manner prescribed for the making of transfers of securities of the class to which it belongs, and no transfer of a Government security 1[* * *] shall be valid if-
 
 
 
 
(a) it does not purport to convey the full title to the security, or
 
 
 
 
(b) it is of such a nature as to affect the manner in which the security was expressed by the Government to be held.
 
 
 
 
(2) Nothing in this section shall affect any order made by the Bank under this Act, or any order made by a Court upon the Bank.

  • 1
    The words, commas and figure “which, in the case of a security issued by the Central Government is made after the thirtieth day of April,1946, and in the case of a security issued by a Provincial Government, is made after the commencement of the Public Debt (Central Governmnet) (Amendment) Ordinance, 1961” were omitted by section 3 and the Second Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973)
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