Section 15: Power of Bank to require bonds.−

Q: What does Section 15 of The Government Securities Act, 2006 (TGSA) deal with?

Section 15 TGSA pertains to "Power of Bank to require bonds.−". It is part of the The Government Securities Act, 2006, a legislation enacted by the Parliament of India. Section 15 of The Government Securities Act, 2006 (TGSA) governs power of Bank to require bonds.−. As verified on 19 May 2026.

Q: Is Section 15 TGSA still in force?

Yes, Section 15 of the The Government Securities Act, 2006 is currently in force across the Republic of India.

Q: What is धारा 15 TGSA?

धारा 15 TGSA is the Devanagari Hindi reference for Section 15 of the The Government Securities Act, 2006. Section 15 of The Government Securities Act, 2006 (TGSA) governs power of Bank to require bonds.−. As verified on 19 May 2026.

Q: What is Dhara 15 TGSA?

Dhara 15 TGSA is the Roman Hindi reference for Section 15 of the The Government Securities Act, 2006. "Dhara" means "Section" in Hindi. Section 15 of The Government Securities Act, 2006 (TGSA) governs power of Bank to require bonds.−. As verified on 19 May 2026.

Q: How to cite Section 15 of The Government Securities Act, 2006?

Cite as: "Section 15, The Government Securities Act, 2006 (TGSA)" in legal briefs. For academic writing, use the BlueBook format: The Government Securities Act, 2006, § 15 (India).

Law on Tips Editorial Board

(1)

Before making any order which it is empowered to make under this Act, the Bank may require the person in whose favour the order is to be made to execute an indemnity bond with one or more sureties in such form as may be prescribed or to furnish security not exceeding twice the value of the subject-matter of the order, to be held at the disposal of the Bank, to pay to the Bank or any person to whom the Bank may assign the indemnity bond or security in furtherance of sub-section (2) the amount thereof.

(2)

A Court before which a claim in respect of the subject-matter of any such order is established may order the indemnity bond or security to be assigned to the successful claimant who shall thereupon be entitled to enforce the indemnity bond or realise the security to the extent of such claim.