RhysFrisina87 at 06:30, 23 March 2026

2026-03-23T06:30:26Z

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{{Use dmy dates|date=July 2020}}
{{Use Indian English|date=August 2016}}
{{Infobox legislation
| short_title = Government Securities Act, 2006
| legislature = [[Parliament of India]]
| long_title = An Act to consolidate and amend the law relating to Government securities and its management by the Reserve Bank of India and for matters connected therewith or incidental thereto.
| citation = [http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/GOVTSA130312.pdf Act No. 38 of 2006]
| territorial_extent = Whole of [[India]]
| enacted_by =
| date_enacted = 30 August 2006
| date_commenced = 1 December 2007
| repeals = Indian Securities Act, 1920
| related = [[Public Debt Act, 1944]];<br> Government Securities Regulations, 2007
| status = in force
}}

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).<ref name=InfoForce>{{cite news|title=Govt. Securities Act comes into force|url=http://www.thehindu.com/todays-paper/tp-business/govt-securities-act-comes-into-force/article1960616.ece|access-date=22 February 2015|work=[[The Hindu]]|date=4 December 2007}}</ref>

==History==
The Public Debt Act, 1944 was an [[legislation|act]] 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 It was considered outdated, and the Government Securities Act, 2006 was introduced to replace it.<ref name="Kapila(eds.)2007">{{cite book|author1=Raj Kapila|author2=Uma Kapila |title=Economic Developments in India : Volume - 116 Analysis, Reports, Policy Documents|url=https://books.google.com/books?id=-_Fp9DlQ1gQC&pg=PA115|year=2007|publisher=Academic Foundation|isbn=978-81-7188-669-2|page=115}}</ref> The Act oversees government securities and their management by the RBI.<ref name="KapilaKapila2001">{{cite book|author1=Raj Kapila|author2=Uma Kapila|title=India's Banking and Financial Sector in the New Millennium|url=https://books.google.com/books?id=7rINpNx4L28C&pg=PA97|year=2001|publisher=Academic Foundation|isbn=978-81-7188-223-6|page=97}}</ref> The second clause of Section 2 defines government securities as securities issued by the central or a state government for the purpose of raising a [[Government debt|public loan]].<ref name="Securities Contracts">{{cite web|title=Securities Contracts (Regulation) Act, 1956:Section 2|url=http://www.incometaxindia.gov.in/Acts/Securities%20Contracts%20%28Regulation%29%20Act,%201956/102120000000007938.htm|publisher=[[Indian Income Tax Department]] | archive-url=https://archive.today/20150222121101/http://www.incometaxindia.gov.in/Acts/Securities%20Contracts%20%28Regulation%29%20Act,%201956/102120000000007938.htm | archive-date=2015-02-22 | url-status=dead }}</ref>

==See also==
* [[Banking in India]]
* [[Public debt]]
* [[Banking Regulation Act, 1949]]

==References==
{{reflist}}

==Further reading==
* {{cite web|title=FAQs: The Government Securities Act, 2006 and The Government Securities Regulations, 2007 |url=http://www.rbi.org.in/scripts/FAQView.aspx?Id=70 |publisher=[[Reserve Bank of India]] |url-status=dead |archive-url=https://web.archive.org/web/20150219021256/http://www.rbi.org.in/scripts/FAQView.aspx?Id=70 |archive-date=19 February 2015}}

{{Financial services in India}}

[[Category:Acts of the Parliament of India 2006]]
[[Category:Banking in India]]
[[Category:Government finances in India]]
[[Category:Government debt]]
[[Category:Financial history of India]]

{{India-law-stub}}

Government Securities Act 2006 - Revision history

RhysFrisina87 at 06:30, 23 March 2026