Governent Securities Act,2006

Act No : 38

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Section : Postponement of payments and registration of transfers pending the making of vesting order.

14. Postponement of payments and registration of transfers pending the making of vesting order. - Where the Bank contemplates making an order under this Act to vest a Government security in any person, the Bank may suspend payment of interest on or the maturity value of the Government security or postpone the making of any order under section 7, section 10, section 11 or section 12 or the registration of any transfer of the Government security, as the case may be, until the vesting order has been made.

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