Question

In which circumstance can a Government security be held

Q: Answer-In which circumstance can a Government security be held in the name of a public office as per the Go...

Explanation 6. Holding of Government securities by holders of public offices1 In the case of any public office to which the Government may, by notification in the Official Gazette, declare this sub-section to apply, a Government security may be held in the name of the office.

in the name of a public office as per the Government Securities Act?

A Upon request from a private corporation

B Upon request from a foreign government

C Upon approval from the Ministry of Finance

D Upon recommendation from the Reserve Bank of India

E Upon declaration by the Government in the Official Gazette

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In which circumstance can a Government security be held

Solution