Section 10
Government securities not exceeding five thousand rupees face value belonging to minor or insane person.
About this Act
An Act to consolidate and amend the law relating to Government securities and to the management by the Reserve Bank of India of the public debt of the Government.
When a Government security or securities belong to a minor or a
person who is insane and incapable of managing his affairs and the face value of the security
or securities does not in the aggregate exceed five thousand rupees, the Bank may make such
order as it thinks fit for the vesting of such security or securities in such person as it considers
represents the minor or insane person.