Government Securities Act, 2006

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The Government Securities Act, 2006
Parliament of India
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.
CitationAct No. 38 of 2006
Territorial extentWhole of
Public Debt Act, 1944
;
Government Securities Regulations, 2007
Status: In force

The Government Securities Act, 2006 is a legislation of the

government securities market and the management of government securities by the Reserve Bank of India (RBI).[1]

History

The Public Debt Act, 1944 was an

government securities in India. It was considered outdated, and the Government Securities Act, 2006 was introduced to replace it.[2] The Act oversees government securities and their management by the Reserve Bank of India.[3] The second clause of Section 2 defines government securities as a securities issued by the central or a state government for the purpose of raising a public loan.[4]

See also

References

  1. ^ "Govt. Securities Act comes into force". The Hindu. 4 December 2007. Retrieved 22 February 2015.
  2. ISBN 978-81-7188-669-2
    .
  3. ISBN 978-81-7188-223-6
    .
  4. Indian Income Tax Department. Archived from the original
    on 22 February 2015.

Further reading
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