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