Application of Government Securities amendments expands to specified states and territories and modifies issuance terms. Amendments restructure the Government Securities Act by applying the Part initially to specified States and Union territories with commencement tied to adoption; they insert 'and subject to such terms and conditions' into section 2(f), omit related cross-references in section 3, preserve transferability restrictions via an addition to section 5(4), remove sections 31(1) and (2), delete certain words in section 32(2)(a), and repeal the Public Debt Act with a saving clause.
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Application of Government Securities amendments expands to specified states and territories and modifies issuance terms.
Amendments restructure the Government Securities Act by applying the Part initially to specified States and Union territories with commencement tied to adoption; they insert "and subject to such terms and conditions" into section 2(f), omit related cross-references in section 3, preserve transferability restrictions via an addition to section 5(4), remove sections 31(1) and (2), delete certain words in section 32(2)(a), and repeal the Public Debt Act with a saving clause.
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