Section 370. Restriction on grant of certificates under this part

PART X SUCCESSION CERTIFICATES 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[2] [to be established by letters of administration]: 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 Indian 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. 1. Subs. by Act 3 of 1951, s. 3 and the Sch., for "the States". 2. Subs. by Act 37 of 2025, s. 3 and Sch. II, for certain words (w.e.f. 20-12-2025). (2) For the purposes of this Part, "security" means — (a) any promissory note, debenture, stock or other security of the Central Government or of a State Government; 1* * * * * (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] [State Government] may, by notification in the Official Gazette, declare to be a security for the purposes of this Part.