The GOVERNMENT SAVINGS CERTIFICATES ACT, 1959

Sections

Section 1 — Short title, commencement and application.

(1) This Act may be called the Government Savings Certificates Act, 1959.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

(3) It applies to such class of savings certificates as the Central Government may, by notification in the Official Gazette, specify in this behalf.

Browse all 13 sections
  1. 1.Short title, commencement and application.
  2. 2.Definitions.
  3. 3.Restrictions on transfer of savings certificates.
  4. 4.Holdings by or on behalf of minors.
  5. 5.Payment where certificate is held by or on behalf of a minor.
  6. 6.Nomination by holders of savings certificates.
  7. 7.Payment on death of holder.
  8. 8.Payment to be a full discharge.
  9. 9.Security for due administration.
  10. 10.Power to administer oath.
  11. 11.Protection of action taken in good faith.
  12. 12.Power to make rules.
  13. 13.Repeal and savings.