Description
Taxmann Government Securities Act 2006 with Government Securities Regulations 2007– Bare Act with Section Notes by Taxmann's Editorial Board
Government Securities Act 2006 with Government Securities Regulations 2007 [Bare Act with Section Notes ] by Taxmann is a comprehensive and authoritative compilation of India's principal legislation governing government securities' creation, issuance, transfer, and management. This book consolidates the bare text of the Government Securities Act, 2006, along with the Government Securities Regulations, 2007, and concise notes on each section. It is designed to clarify the legal framework and procedural requirements pertaining to government bonds, promissory notes, stock certificates, subsidiary general ledger accounts, and more.
It is intended for the following audience:
Legal Professionals & Practitioners – Advocates, solicitors, and in-house legal teams seeking a one-stop reference for all statutory provisions and regulations related to Government securities
Bankers & Financial Institutions – Commercial banks, scheduled banks, and other financial entities dealing with the issuance, transfer, or custody of Government securities
Corporate Treasurers & Compliance Officers – Entities that invest in or manage Government securities as part of their treasury operations and need to ensure strict legal compliance
Government Departments & Regulators – Regulatory authorities and officers handling public debt management, bond issuance, and oversight of Government securities transactions
Academics & Researchers – Students, faculty members, and researchers of law, finance, and public policy who require a thorough reference text on the statutory provisions governing Government securities
Investors & Market Participants – Individuals and institutional investors dealing in Government securities and wanting to understand their rights, obligations, and compliance formalities
The Present Publication is the 2025 Edition, covering the amended and updated text of the Government Securities Act 2006 [Act No. 38 of 2006 ] and Government Securities Regulations 2007, with the following noteworthy features:
[Complete Text of the Act & Regulations] Presents the up-to-date text of the Government Securities Act, 2006, along with the Government Securities Regulations, 2007
[Section-by-Section Notes] Includes concise insights and explanations under each section, helping the reader grasp the legislative intent and procedural nuances
[Updated with the Jan Vishwas (Amendment of Provisions) Act 2023] It incorporates the Jan Vishwas (Amendment of Provisions) Act, 2023, enacted with the objective of decriminalising and rationalising offences to promote further trust-based governance, ease of living, and ease of doing business
[Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
[Cross-Referencing] Provisions are cross-referenced within the text, ensuring a comprehensive understanding of how various sections interact
[User-Friendly Layout] Organised to facilitate quick reference, with clear headings, sub-headings, and cross-references for better navigation
[Practical Inputs for Compliance] Offers guidance on opening subsidiary general ledger accounts, pledging or hypothecating government bonds, transferring securities, and other day-to-day operational aspects
The structure of the book is as follows:
Act – Each section is printed in a readable font, followed by succinct notes explaining its scope and legislative background
Regulations – Placed chronologically, mirroring the flow of the parent Act, and supplemented with relevant forms and procedural guidelines
Subject Index & Table of Contents – A well-organised subject index and detailed contents section to quickly locate provisions, forms, and rules
Forms & Schedules – Reproduced at the end of the Regulations to provide standardised templates for practical use, including transfer forms, nomination forms, indemnity bonds, etc.