Section 1. A person claiming to be entitled to a Government security as payable to him under an indorsement may

11. A person claiming to be entitled to a Government security as payable to him under an indorsement may, on satisfying the prescribed officer of the justice of his claim and paying the prescribed fee and delivering the security duly receipted to the prescribed officer, obtain from the officer a renewed security issued payable to himself. 1. (1) This Act may be called the Indian Securities Act, 1886; and (2) It shall come into force on the first day of April, 1886. (3) The power conferred on the Governor General in Council by section 7, sub-section (1), may be exercised at any time after the passing of this Act; but a notification issued in exercise of that power shall not take effect until the Act comes into force.