Government Securities Act, 2006
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The Government Securities Act, 2006 is a legislation of the Parliament of India, which aims to introduce various improvements in the government securities market and the management of government securities by the Reserve Bank of India (RBI).


History

The Public Debt Act, 1944 was an act of the Parliament of India which provided a legal framework for the issuance and servicing of government securities in India. It was considered outdated, and the Government Securities Act, 2006 was introduced to replace it. The Act oversees government securities and their management by the Reserve Bank of India. 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.


See also

* Banking in India * Public debt *
Banking Regulation Act, 1949 The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. ...


References


Further reading

* Acts of the Parliament of India 2006 Banking in India Government finances in India Government debt Financial history of India {{India-law-stub