Succession Act, 1925 — Section 370: Restriction on grant of certificates under this Part

370. Restriction on grant of certificates under this Part.___(1) A succession certificate (hereinafter in this Part referred to as a certificate) shall not be granted under this Part with respect to any debt or security to which a right is required by section 212 or section 213 to be established by letters of administration or probate: Provided that nothing contained in this section shall be deemed to prevent the grant of a certificate to any person claiming to be entitled to the effects of a deceased 1 [Pakistan Christian], or to any part thereof, with respect to any debt or security, by reason that a right thereto can be established by letters of administration under this Act.

(2)For the purposes of this Part, “security” means

(a)any promissory note, debenture, stock or other security of the 2[Federal Government] or of a 3[Provincial Government];

(b)any bond, debenture, or annuity charged by Act of Parliament 1[of the United Kingdom] on the revenues of India;

(c)any stock or debenture of, or share in, a company or other incorporated institution;

(d)any debenture or other security for money issued by, or on behalf of, a local authority;

(e)any other security which the 2[Provincial Government] may, by notification in the 3[official Gazette], declare to be a security for the purposes of this Part.