Definitions

Q: When did Section 2 of the Government Securities Act come into force?

Section 2 of the Government Securities Act, cited as Government Securities Act 2, came into force on 30 Nov 2007, having been enacted on 30 Aug 2006. It is in force as at the date shown on this page.

In force From 30 Nov 2007 Act 38 of 2006 As on 20 Oct 2026

Act 38 of 2006 Ministry Finance Enacted 30 Aug 2006 In force 30 Nov 2007 Cited by 1 provision Instruments 1

Section 2 of the Government Securities Act, 2006 deals with definitions. In this Act, unless the context otherwise requires,-- (a) "agent" means a scheduled bank within the meaning of clause (e) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934), or any other person specified as such; The Act came into force on 30 Nov 2007.

In this Act, unless the context otherwise requires,--
(a) "agent" means a scheduled bank within the meaning of clause (e) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934), or any other person specified as such;
(b) "Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934);
(c) "bond ledger account" means an account with the Bank or an agent in which the Government securities are held in a dematerialised form at the credit of the holder;
(d) "constituents' subsidiary general ledger account" means a subsidiary general ledger account opened and maintained with the Bank by an agent on behalf of the constituents of such agent;
(e) "Government", in relation to any Government security, means the Central or State Government issuing the security;
(f) "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;
(g) "prescribed" means prescribed by regulations made under this Act;
(h) "promissory note" includes a treasury bill;
(i) "specified" means specified by the Bank in the Official Gazette.
Section 2, The Government Securities Act, 2006 (Act 38 of 2006).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

s. 3 Forms of Government securities

Referred to by 1

Income-tax Rules s. 8B Guidelines for notification of zero coupon bond

Made under this section, and citing it

1 instrument names this provision in its title or its text without being made under it.

Government Securities Regulations, 2007Regulation 2007

All subordinate legislation

Questions about Section 2

What does Section 2 of the Government Securities Act deal with?

Section 2 of the Government Securities Act is headed "Definitions". In this Act, unless the context otherwise requires,-- (a) "agent" means a scheduled bank within the meaning of clause (e) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934), or any other person specified as such;

How do I find court cases under Section 2 of the Government Securities Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Government Securities Act 2, section 2 Government Securities Act, section 2 of the Government Securities Act. People searching for it also type 2(f) of the government securities act 2006 and section 2 f of government securities act 2006. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 2 of the Government Securities Act, and has it changed?

Its own text turns on section 3 (Forms of Government securities), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. One instrument names it without being made under it, most recently Government Securities Regulations, 2007 (2007).

When did Section 2 of the Government Securities Act come into force?

Section 2 of the Government Securities Act, cited as Government Securities Act 2, came into force on 30 Nov 2007, having been enacted on 30 Aug 2006. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.