Bare Act Search Results
Home Bare Acts Phrase: bearer securityIndian Securities Act, 1920 Section 11
Title: Renewal of Bearer Bonds
State: Central
Year: 1920
The holder of a bearer bond or other Government security payable to bearer, May on to the prescribed [Substituted By Act 28 of 1937, section 3 , for " officer ".] [authority], on delivery of the bearer bond or other security, and on payment of the prescribed fee, if any, obtain from such [Substituted By Act 28 of 1937, section 3 , for " officer ".] [authority] a renewed bearer bond or other security, as the case may be.
View Complete Act List Judgments citing this sectionForeign Exchange Regulation Act, 1973 [Repealed] Section 19
Title: Regulation of Export and Transfer of Securities
State: Central
Year: 1973
.....coupon, is not entitled to exercise those rights except in accordance with the instructions given by some other person, and a person holding a security or coupon as a nominee shall be deemed to act as nominee for the person who is entitled to give instructions either directly or through the agency of one or more persons, as to the exercise by the holder of the security or coupon of any rights in respect thereof and is not, in so doing himself under a duty to comply with instructions given by some other person. ____________________________ 1. Clause (c) omitted by Act 29 of 1993, sec. 8 w.e.f. 8-1-1993 2. Substituted by Act 29 of 1993, sec. 8, for sub-sections (5) and (6) w.e.f. 8-1-1993.
View Complete Act List Judgments citing this sectionGovernment Securities Act, 2006 Section 3
Title: Forms of Government Securities
State: Central
Year: 2006
A Government security may, subject to such terms and conditions as may be specified, be in such forms as may be prescribed or in one of the following forms, namely:-- (i) a Government promissory note payable to or to the order of a certain persons; or (ii) a bearer bond payable to bearer; or (iii) a stock; or (iv) a bond held in a bond ledger account. Explanation.--for the purpose of this section, "stock" means a Government security,-- (i) registered in the books of the Bank for which a stock certificate is issued; or (ii) held at the credit of the holder in the subsidiary general ledger account including the constituents subsidiary general ledger account maintained in the books of the Bank, and transferable by registration in the books of the Bank.
View Complete Act List Judgments citing this sectionForeign Exchange Regulation Act, 1973 Section 22
Title: Restrictions on Issue of Bearer Securities
State: Central
Year: 1973
1 [* * * * *] Except with the general or special permission of the Reserve Bank no person shall, in India and no person resident in India shall, outside India, create or issue any bearer certificate or coupon or so alter any document that it becomes a bearer certificate or coupon. 2 [* * * * *] ________________________ 1. The words "The Central Government may, by notification in the official Gazette, order that" omitted by Act 29 of 1993, sec. 10 w.e.f. 8-1-1993. 2. Section 23 omitted by Act 29 of 1993, sec. 11 w.e.f. 8-1-1993.
View Complete Act List Judgments citing this sectionForeign Exchange Regulation Act, 1973 [Repealed] Section 22
Title: Restrictions on Issue of Bearer Securities
State: Central
Year: 1973
1[* * * * *] Except with the general or special permission of the Reserve Bank no person shall, in India and no person resident in India shall, outside India, create or issue any bearer certificate or coupon or so alter any document that it becomes a bearer certificate or coupon. ____________________________ 1. The words "The Central Government may, by notification in the official Gazette, order that" omitted by Act 29 of 1993, sec. 10 w.e.f. 8-1-1993
View Complete Act List Judgments citing this sectionGovernment Securities Act, 2006 Section 9
Title: Nomination by Holders of Government Securities
State: Central
Year: 2006
.....and the amount for the time being due thereon shall be paid accordingly. (4) A transfer of a Government security made in accordance with sub-section (2) of section 5 shall automatically cancel the nomination previously made: Provided that where a Government security is in the possession of a person either as a pledge or by way of security for any purpose, such possession shall not have the effect of cancelling the nomination, but the right of the nominee shall be subject to the right of the person so possessing it. (5) The Government may, on the recommendation of the Bank, by notification in the Official Gazette, extend the facility of nomination to any Government security as may be specified therein. (6) Nothing contained in sub-section (1) shall affect the right or claim which any person may have against the person whose right and title to a Government security is recognised by the Government or the Bank or to whom the payment of the amount due on the Government security is made by the Government or the Bank under sub-section (1). (7) No notice of any claim of any person, other than the person or persons in whose name a Government security is held or the.....
View Complete Act List Judgments citing this sectionGovernment Securities Act, 2006 Complete Act
Title: Government Securities Act, 2006
State: Central
Year: 2006
.....Law applicable in regard to Government securities Section14 - Postponement of payments and registration of transfers pending the making of vesting order Section15 - Power of Bank to require bonds Section16 - Publication of notices in Official Gazette Section17 - Procedure and scope of vesting order Section18 - Legal effect of orders made by Bank Section19 - Stay of proceedings on order of Court Section20 - Cancellation by Bank of vesting proceedings Section21 - Discharge in respect of interest on Government securities Section22 - Discharge in respect of bearer bonds Section23 - Period of limitation of Government's liability in respect of interest Section24 - Inspection of documents Section25 - Micro films, facsimile copies of documents, magnetic tapes and computer print outs as documents of evidence Section26 - Bank and its officers to be public officers Section27 - Misuse of subsidiary general ledger account facility Section28 - Pledge, hypothecation or lien Section29 - Power to call for information, cause inspection and issue directions Section30 - Contravention and penalties Section31 - Certain laws not to apply to Government securities Section32 - Power to.....
List Judgments citing this sectionIndian Securities Act, 1920 Complete Act
Title: Indian Securities Act, 1920
State: Central
Year: 1920
.....of promissory notes in case of dispute as to title Section14 - Renewal of other securities Section15 - Issue of converted, etc,.securities Section16 - Liability in respect of promissory note renewed, etc Section17 - Immediate discharge in certain cases Section18 - Discharge in other cases Section18A - Discharge in respect of interest Section19 - Procedure on death of holder of securities not exceeding an aggregate value of five thousand rupees Section20 - Payment in case of securities held by minors and lunatics Section21 - Indemnity Section22 - Inspection of documents Section23 - Penalty Section24 - Power to make rules Section25 - [ Repeals ] Section26 - Provision as to Indian Securities
List Judgments citing this sectionIndian Securities Act, 1920 Section 19
Title: Procedure on Death of Holder of Securities Not Exceeding an Aggregate Value of Five Thousand Rupees
State: Central
Year: 1920
.....s.6 for "officer"] [authority] , such [ Subs.By Act 28 of 1937 , s.6 for "officer"] [authority] may, after inquiry in the manner provided in the sub sections (2) and (3) of section 13 , determine who is the person entitled to the security or securities or to administer the estate of the deceased , and may- (a) in the case of any such security relating to a loan due for repayment , authorise payment of the amount due thereon to such person ; and (b) in the case of any such security relating to a loan not due for repayment , authorise , in the case of a promissory note, the renewal of such person , or, in the case of stock , the registration of the name of such person in substitution for the name of the deceased; and (2) Upon the payment or renewal of any promissory note in accordance with sub- section (1), the Government shall be discharged from all liability in respect of the note so paid or renewed ; and any substitution of names made in accordance with clause (b) of sub- section (1) shall, for the purposes of any claim against the government , be deemed to have effected a valid transfer of the stock in respect of which it was made. (3) Any creditor or claimant against.....
View Complete Act List Judgments citing this sectionSpecial Bearer Bonds (Immunities and Exemptions) Act, 1981 [Repealed] Preamble 1
Title: Special Bearer Bonds (Immunities and Exemptions) Act, 1981
State: Central
Year: 1981
THE SPECIAL BEARER BONDS (IMMUNITIES AND EXEMPTIONS) ACT, 1981 [Act, No. 7 of 1981] PREAMBLE An Act to provide for certain immunities to holders of Special Bearer Bonds, 1991 and for certain exemptions from direct taxes in relation to such bonds and for matters connected therewith WHEREAS for effective economic and social planning it is necessary to canalize for productive purposes black money which has become a serious threat to the national economy; AND WHEREAS with a view to such canalisation the Central Government has decided to issue at par certain bearer bonds to be known as the Special Bearer Bonds, 1991, of the face value of ten thousand rupees and redemption value, after ten years, of twelve thousand rupees; AND WHEREAS it is expedient to provide for certain immunities and exemptions to render it possible for persons in possession of black money to invest thesame in the said Bonds; BE it enacted by Parliament in the Thirty-second Year of the Republic of India as follows:
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