section 5
Transfer of Government securities
The Government Securities Act, 2006Corporate200636 sections
Statutory text
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.
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