Act Number: 38

Act Name: The Government Securities Act, 2006

Year: 2006

Enactment Date: 2006-08-30

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 5: Transfer of Government securities.
    (1) No transfer of a Government security shall be valid if it does not purport to convey the full title to the security.
     (2) The transfer of the Government securities shall be made in such form and in such manner as may be prescribed.
     (3) Any document relating to a Government security or any endorsement on a promissory note issued by the Government may, on the demand of a person who for any reason is unable to write, shall be executed on his behalf in such manner as may be prescribed.
     (4) Nothing in this section shall affect any order made by the Bank under this Act, or any order made by a Court upon the Bank.
Scroll to Top