Government Savings Certificates Act : Restrictions on transfer savings certificates. Indian Bare Acts

Government Savings Certificates Act,1959

Act No : 46

Section : Restrictions on transfer savings certificates.

3.Restrictions on transfer savings certificates. Notwithstanding anything contained in any law for the time being in force, no transfer of a savings certificate, whether made before or after the commencement of this Act, shall be valid unless it has been made with the previous consent in writing of the prescribed authority. --------------------------------------------------------------------- 1 Extended to the Union territory of Goa, Daman and Diu (w.e.f. 1-9-1979,) vide Notification No. S.O. 2734, see Gazette of India, Extraordinary, Pt. II, Sec. 3 (ii), p 1991. Extended to and brought into force in Dadra and Nagar Haveli (w.e.f. 1-7-1965) by Reg. 6 of 1963. s. 2 and Sch. This Act came into force in Pondicherry on 1-10-1963: vide Reg. 7 of 1963, s. 3 and Sch. I. 2 1st August. 1960 : vide Notification No. G.S.R. 709. dated 25th June. 1960, Gazette of India, 1960, Pt. II Sec. 3 (i). p. 968. 3 For such notification see Notification No. G.S.R. 710, dated 25th June, 1960, p. 968, ibid. --------------------------------------------------------------------- 30