Section 28. Power to make rules

28. Power to make rules.— (1) The Central Government may, subject to the condition of previous publication, by notification in the Official Gazette, make rules to carry out the purposes of this Act. (2) In particular and without prejudice to the generality of the foregoing power such rules may provide for all or any of the following matters, namely : — (a) the forms in which Government securities may be issued; (b) the form of the obligations referred to in clause (iv) of sub-clause (a) of clause (2) of section 2; 1. Subs. by Act 6 of 1949, s. 6, for "The Central Government" (w.e.f. 1-4-1949). 2. Subs. by Act 57 of 1956, s. 11, for "the States" (w.e.f. 15-10-1956). (c) the conditions subject to which Government securities may be issued to the[1] [Rulers of former Indian States]; (d) the manner in which different forms of Government securities may be transferred; (e) the holding of Government securities in the form of stock by the holders of offices other than public offices, and the manner in which and the conditions subject to which Government securities so held may be transferred; (f) the manner in which payment of interest in respect of Government securities is to be made and acknowledged; (g) the conditions governing the grant of duplicate, renewed, converted, consolidated and sub-divided Government securities; (h) the fees to be paid in respect of the issue of duplicate Government securities and of the renewal, conversion, consolidation and sub-division of Government securities; (i) the form in which receipt of a Government security delivered for discharge, renewal, conversion, consolidation or sub-division is to be acknowledged; (j) the manner of attestation of documents relating to Government securities in the form of stock; (k) the manner in which any document relating to a Government security or any endorsement on a promissory note issued by[2] [the Government] may, on the demand of a person who from any cause is unable to write, be executed on his behalf; (l) the form of the bonds referred to in sub-section (1) of section 16; (m) the circumstance and the manner in which and the conditions subject to which inspection of Government securities, books, registers and other documents may be allowed or information therefrom may be given under section 25; (n) the procedure to be followed in making vesting orders; (o) the authority by whom the certificate referred to in the proviso to section 7 is to be granted and the manner of making the inquiry therein mentioned; 3[(p) the form in which and the persons in whose favour nominations may be made under section 9B, the manner in which and the conditions and restrictions subject to which such nominations may be made, the registration, variation or cancellation of such nominations and the fees that may be levied for such registration, variation or cancellation; (q) the manner in which any person may be appointed for the purposes of sub-section (4) of section 9B.] 4[(3) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, bothHouses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.] 1. Subs. by Act 57 of 1956, s. 12, for "rules of Part B States" (w.e.f. 15-10-1956). 2. Subs. by Act 6 of 1949, s. 6, for "the Central Government" (w.e.f. 1-4-1949). 3. Ins. by Act 44 of 1959, s. 3 (w.e.f. 1-8-1960). 4. Subs. by Act 44 of 1972, s. 4, for sub-section (3) (w.e.f. 1-9-1972). 1 [29. Certain laws not to apply to Government securities.— The Indian Securities Act, 1920 (10 of 1920), and any law corresponding to that law in force in any Part B State immediately before the commencement of the Public Debt (Amendment) Act, 1956 (57 of 1956), shall cease to apply to Government securities to which this Act applies and to all matters for which provision is made by this Act : Provided that any such corresponding law shall continue to apply to or in relation to any securities created and issued by the Government of Hyderabad, Saurashtra or Travancore-Cochin on or before the 31st day of March, 1953, for such period not exceeding one year from the commencement of the Public Debt (Amendment) Act, 1956 (57 of 1956), as the Central Government may, by notification in the Official Gazette, specify.] 2[30. Construction of reference to laws not in force before 1st April, 1951 in Part B States.— Any reference in this Act to any law which did not extend to any Part B State or any part of such State before the commencement of the Part B States (Laws) Act, 1951 (3 of 1951), shall wherever necessary, be construed as including a reference to the corresponding law, if any, in force in that State, or, as the case may be, any part thereof, before the said date.] 31. [ Construction of references to laws not in force in *Jammu and Kashmir .] Omitted by the Jammu and Kashmir Reorganization (Adaptation of Central Laws) Order , 2020, vide notification No. S.O . 1123(E) dated (18-3-2020) and vide Union Territory of Ladakh Reorganisation (Adaptation of Central Laws ) Order, 2020, notification No. S.O . 3774(E), dated (23-10-2020).] 1. Subs. by Act 57 of 1956, s. 12, for the original s. 29 (w.e.f. 15-10-1956). 2. Ins. by s. 14, ibid . (w.e.f. 15-10-1956).