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04/04/2026

The Government Securities Act, 2006

Government security" means a security created and issued by the Government for the purpose of raising a public loan or for any other purpose as may be notified by the Government in the Official Gazette and having one of the forms mentioned in section 3;
advtanmoy 16/10/2019 70 minutes read

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The Government and Security

Home » Law Library Updates » The Government Securities Act, 2006 » Page 30

Section 29 of The Government Securities Act, 2006


29. Power to call for information, cause inspection and issue directions

(1) The Bank may at any time, for the purposes of this Act, call for such information as it deems necessary in relation to a Government security from any agent, or holder of subsidiary general ledger account including constituents’ subsidiary general ledger account and cause an inspection or scrutiny to be made by one or more of its officers or other persons, of any agent or holder of a subsidiary general ledger account including constituents’ subsidiary general ledger account.

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(2) The Bank may, if it considers necessary so to do, issue such directions as it thinks fit, in relation to a Government security,-
(i) to the holders of the subsidiary general ledger accounts including constituents’ subsidiary general ledger account;

(ii) to the agents maintaining bond ledger account; and

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(iii) to any other person dealing with the Government securities, for carrying out the purposes of this Act.

Tags: CENTRAL ACTS

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