In force · As amended up to 2026-08
3. The word "and" omitted by Act 44 of 1972, s. 3 (w.e.f. 1-9-1972).
4. Added by s. 3, ibid . (w.e.f. 1-9-1972).
5. Ins. by s. 3, ibid . (w.e.f. 1-9-1972).
6. Subs. by Act 6 of 1949, s. 6, for "the Central Government" (w.e.f. 1-4-1949).
*. Now applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh by the Notification of Government of India, M/o Home Affairs vide No. S.O. 3912 (E), dated 30th October, 2019 (w.e.f. 31-10-2019).
(3) When the holder of the office transfers to a party not being his successor in office a Government security so held, the transfer shall be made by the signature of the holder of the office and the name of the office in the manner and subject to the conditions laid down in section 3.
(4) This section applies as well to an office of which there are two or more joint holders as to an office of which there is a single holder.
Source: India Code