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