Section 2:
Definitions.
In this Act, unless there is anything repugnant in the subject or context,--
(1) "the Bank" means the Reserve Bank of India;
1[(1A) "the Government", in relation to any Government security, means the Central or State
Government issuing the security;]
(2) "Government security" means--
(a) a security, created and issued, 2[by the Government] for the purpose of raising a public
loan, and having one of the following forms, namely :--
(i) stock transferable by registration in the books of the Bank; or
(ii) a promissory note payable to order; or
(iii) a bearer bond payable to bearer; or
(iv) a form prescribed in this behalf;
(b) any other security created and issued by 3[the Government] in such form and
for such of the purposes of this Act as may be prescribed;
(3) "prescribed" means prescribed by rules made under this Act;
(4) "promissory note" includes a treasury bill.
Notes:
1. Ins. by Act 6 of 1949, s. 4 (w.e.f. 1-4-1949).
2. Subs. by Act 57 of 1956, s. 5, for certain words (w.e.f. 15-10-1956).
3. Subs. by Act 57 of 1956, s. 5, for certain words (w.e.f. 15-10-1956)