Territorial application of Government Securities Act expanded to cover all regional units, removing prior exceptional territorial provision. Amendment alters section 1 of the Government Securities Act, 2006 by substituting in sub section (3) the words "to all the States and Union territories" ... Summary
Territorial application of Government Securities Act expanded to cover all regional units, removing prior exceptional territorial provision.
Amendment alters section 1 of the Government Securities Act, 2006 by substituting in sub section (3) the words "to all the States and Union territories" for the prior conditional language, and by omitting in sub section (4) the words that excluded a particular territory and the clause referring to adoption under the Constitution, thereby removing the prior territorial exception and related adoption text.
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