Section 27: Misuse of subsidiary general ledger account facility.−

Q: What does Section 27 of The Government Securities Act, 2006 (TGSA) deal with?

Section 27 TGSA pertains to "Misuse of subsidiary general ledger account facility.−". It is part of the The Government Securities Act, 2006, a legislation enacted by the Parliament of India. Section 27 of The Government Securities Act, 2006 (TGSA) governs misuse of subsidiary general ledger account facility.−. As verified on 19 May 2026.

Q: Is Section 27 TGSA still in force?

Yes, Section 27 of the The Government Securities Act, 2006 is currently in force across the Republic of India.

Q: What is धारा 27 TGSA?

धारा 27 TGSA is the Devanagari Hindi reference for Section 27 of the The Government Securities Act, 2006. Section 27 of The Government Securities Act, 2006 (TGSA) governs misuse of subsidiary general ledger account facility.−. As verified on 19 May 2026.

Q: What is Dhara 27 TGSA?

Dhara 27 TGSA is the Roman Hindi reference for Section 27 of the The Government Securities Act, 2006. "Dhara" means "Section" in Hindi. Section 27 of The Government Securities Act, 2006 (TGSA) governs misuse of subsidiary general ledger account facility.−. As verified on 19 May 2026.

Q: How to cite Section 27 of The Government Securities Act, 2006?

Cite as: "Section 27, The Government Securities Act, 2006 (TGSA)" in legal briefs. For academic writing, use the BlueBook format: The Government Securities Act, 2006, § 27 (India).

Law on Tips Editorial Board

Where a subsidiary general ledger account is opened by the Bank in favour of any holder of a Government security in terms of section 4 and,−

(a) it comes to the notice of the Bank that the said account is being operated contrary to the terms and conditions subject to which the account was opened; or

(b) the subsidiary general ledger account transfer form has bounced due to insufficiency of Government security or funds; or

(c) the Bank is of opinion that the account is being operated contrary to the banking practice or in a manner prejudicial to the interests of the holders of Government securities in general; or

(d) the subsidiary general ledger account is being misused in any manner,