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The Government Securities Act, 2006
Act ID: 2006
The Government Securities Act, 2006
"An Act to consolidate and amend the law relating to Government securities."
Table of Contents
35 Sections
Ch. 1
Full Text
S.1
Short title, application and commencement
S.2
Definitions
S.3
Forms of Government securities
S.4
Subsidiary general ledger account.−
S.5
Transfer of Government securities.−
S.6
Holding of Government securities by holders of public offices.−
S.7
Recognition of title to Government security of deceased sole holder or joint holders.−
S.8
Right of survivors of joint holders or several payees.−
S.9
Nomination by holders of Government securities.−
S.10
Government securities belonging to minor or insane person.−
S.11
Issue of duplicate securities and of new securities on conversion, consolidation, sub-division, renewal, stripping or reconstitution.−
S.12
Summary determination by Bank of title to Government security in case of dispute.−
S.13
Law applicable in regard to Government securities.−
S.14
Postponement of payments and registration of transfers pending the making of vesting order.−
S.15
Power of Bank to require bonds.−
S.16
Publication of notices in Official Gazette.−
S.17
Procedure and scope of vesting order.−
S.18
Legal effect of orders made by Bank.−
S.19
Stay of proceedings on order of Court.−
S.20
Cancellation by Bank of vesting proceedings.−
S.21
Discharge in respect of interest on Government securities.−
S.22
Discharge in respect of bearer bonds.−
S.23
Period of limitation of Government's liability in respect of interest.−
S.24
Inspection of documents.−
S.25
Micro films, facsimile copies of documents, magnetic tapes and computer print outs as documents of evidence.−
S.26
The Bank and its officers to be deemed public officers.−
S.27
Misuse of subsidiary general ledger account facility.−
S.28
Pledge, hypothecation or lien.−
S.29
Power to call for information, cause inspection and issue directions.−
S.30
Contravention and penalties.−
S.31
Certain laws not to apply to Government securities.−
S.32
Power to make regulations.−
S.33
Construction of references to laws not in force in Jammu and Kashmir.−
S.34
Power to remove difficulties.−
S.35
Repeal and saving.−