5 Jan

advocatemmmohanbareacts

THE GOVERNMENT SAVINGS CERTIFICATES ACT, 1959

ACT No. 46 OF 1959

1

An Act to make certain provisions in respect of Government

Savings Certificates.

[18

th

September, 1959.]

BE it enacted by Parliament in the Tenth Year of the Republic of India

as follows:

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

1959.

(2) It shall come into force on such date

2

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

3

in the Official Gazette, specify in this behalf.

2. In this Act, unless the context otherwise requires,-

(a)”holder”, in relation to a savings certificate, means—

(i) a person who holds the savings certificate issued in accordance

with the provisions of this Act and of any rules made thereunder at

any time before the date…

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