Section Text
In this Act, unless there is anything repugnant in the subject or context,-
(a) " Government security" means promissory notes(including treasury bills), stock-certificates, bearer bonds and all other securities issued [Substituted by by the Adaptation of Laws (No.3) Order, 1956, for "by the Central Government or by the Government of any Part A State"] [by the Central Government at any time or by the Government of any part A State before the 1st November, 1956, or by a State Government on or after that date] in respect of any loan contracted either before or after the passing of this Act, but does not include a currency- note ; and
(b) "Prescribed" means prescribed by rules made under this Act;
[Inserted by the A.O.1937 ][(c)"the Government " or "Government "in relation to any loan or security, means the Government raising the loan or issuing the security.]