Section 20. Where a Government security stands in the Payment

(2) I n particulat and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the follomil~g matters, namely :- (a) the manner in which payment of interest in respect of Government securities is to bo made and acknowledged ; - (b) the circumstances in whioh Government securities must be renewed before further payment of interest thereon can be claimed ; - (c) the form in which and the conditiolls subject to which Government eecurities `may` be issued to the rulers of States in India ; - (d) the fecs to be paid in respect of the issue of duplicate securities and of the renewal, conversion, consolidation and sub-division of Government securities ; (e) the `7.q` `OP` f920.] fadian. Securities. - (e) the proof which is to be produced by parsons applying for duplicate securities ; - ( f ) the form and manner of publication of the notification mentioned in sub-section (2) of section 10 and the manner of publication of the list mentioned in sub-section (3) of that section ; - `(9)` thc officer who is to exercise all or any of the powers and to perform all or any of the duties referred to in sections 10, 11, 12,13,15,19 and 21 ; - (h) the manner of making the inquiry mentioned in the proviso to section 18 ; - (i) t l ~ e circumstances and the manner in which securities other than securities payable to bbarer or promissory notes aro to be renewed ; - renewed ; (4) Rules made under this section shall be published in the Gazette of India, and shall thereupon have effect as if enacted in this Act. Repeals. 25. On and from the date on which this Aot Repeals. xIIIof l886-comes into force, the Ln'disn Securities Act, 1886, and so much of the First and Second Schedules of `x` 1914. the Repealing and Amending Act, 1914, as relates xlrr of 1886. to the Llldian 8eou.ritit:s Act, 1886, s%a\l `AQ` repealed, 20. Where a Government security stands in the Payment case of secu- in name of or is held by a minor or a person who is ritirs held by insane and incapable of mallaging his affairs, theminorsnnd interest accruing thereon, or the capital sum payable 'uUatia' in respect thereof' on the maturity or discharge of the loan, shall, where, in the case of interest payable, the nominal value of the security, or in other' cases tbe sun1 payable, does not exceed five tliousand rupees, be paid in such manner as may be prescribed, and on,any payment being so made, t l ~ e Government shall,,notwithstanding any provision of any enactment to ,tEe contrary, be discharged from all liability in respect thereof. case of ritirs held by `$31.` Notwithstanding anytbing in section 10, 12, rndemn;ey. 13 or `f` 5, the prescribed officer may in any case arising under any of those sections- - (i) issue a duplicate or renewed security or convert, consolidate or sub-divide a security ar securities upon the applicant giving the prescribed indemnity against the - , claims of all persons claiming under the original security or under the security .or securities so renewed, converted, consolidated or sub-divided, as the case may be, or - (id) refuse to issue a duplicate or renewed security or to convert, consolidate or sub-divide a security or securities unless such iademnit$ is given. Inspectiolz of regjsters, books alzd documejats. 8%. No person shall be< entitled .to inspect, or to Inspection `of` receive informa*tion dmived from, any Government security inlthe possession of the Government or from any book, register or other document kept or inaintainsd by or on behalf of Government in relation to Government securities or any Government security, Penalty. Power t o mnlre rulea. [ACT x India?& Securities. save in such circumstances and manner and subject to such conditions as may be prescribed. Penalty. `23.` (1) If any pemon, for the purpose of obtaining for himself or for any other person payment of interest or of the ca.pitn1 sum due in respect of any Government security, or the issue of a duplicate s~curity, OF the renewal, conversion, consolidatioll or sub-division of a Govcrriment security or securities,[' ] makes to any authority utlder this Act a statemelit which is false aud which hc either knows to. be false or'cloes not believe to be true, he sha.11 be punishable .cvitli i~nprisontnent for a term ~ ~ h i c l i may extend to six months, or with fine, or with both. (2) KO Court shall take coqilizance of any offence undcr sub-section (I) save on the compl:~int of the authority to whom the false statement was made. Rules. `24.` (I) The Governor General in Council may after previous publication make rules to carry out the purposes of this Act. - tho form in whidi securities delivered for - `(n` discharge, renewal, conver sian, consolidation or sub-division are to be receipted ; - ( I c ) the conditions subject to which securities may be converted, consolidated or subdivided ; - `(I)` the person to whom and the manner in which payments are to be made in respect of Government securities standing in the namo of, or held by, minors or persons who are insane and incapable of managing their affairs ; - `(m)` the taking of indemnities against adverse claims i f third parties from persons who receive payment of interest or of the capital sum due in respect of Government securities, or who obtain duplicate, rcnewed, converted, consolidated or subdivided securities ; - (n) the manner in which any document relating to Government securities or any indorsc*lent on a Government promissol y note may, on tl;e demand of any penon who l rom from any cause is unable to write, be exeouted on his behalf ; (0) enabling holders of Government stock to be described in the registers of such stock as trustees, and either as trustees of any particular trust or as trustees without qualification, and for the recognition of powers of attorney gianted by holders of stack so described ; (p) Che holding of Government stock by the ho!ders of ofices ohher than public offices, rand -the manner in which and the conditions subject .to which stock so lield may be transferred ; - (q) the mode of attestation of docummts relating to >Government stock ; (r) generally, all matters connected with the grant of duplicate, renewed, conqerted, consolidated and sub-divided securities ; and !(s) the circumstances and the ,manner in which and the condibions s~~bject to which inspection of securities, books, registers and other documents may be allowed or information thereflorn `may` be given under section 22. `((89` ',&thing .in any ;.rules made ;under clauses .t&) and i ( p ) shall, as 'bet;ween any .'t~ustees or as between any trustees and the -beneficiziries under a bi:ust,. ':be deemed ito authosise :the u ust tees :to act 0.i1ierwis.e .!than :in. aecoxcl.ance with tihe aules of law wpplying t o :bhe ;tr.ust and tl1.e :terms :of the instru-, ment ranstituting :the ;trust -; and ;neither the Governmen* ,nor `<any` person -hol.di.ng o r :acquiring any iiniierest `in` any :.Government istook .shall, bx reason only of a n y entry in any ;register .maintained by or on ,b.et.alf .of the -.G.overnment in :relation to any .G o:~.~rnrnensock t .:any .stock.holder, or of anything in an3 document ~e1atin.g to -Government stock, bdaffacted wit11 notice of any trust or of the. fidu- `~ & x y` charaxter of any stockholder or of any fidu- ciary ' ciary obligation attaohing to the holding of any Gov~ I ernment stock.