Question

    What condition must be met for a transfer of a

    Government security to be considered valid as per the Government Securities Act?
    A It must include a transfer fee Correct Answer Incorrect Answer
    B It must involve a partial transfer of title Correct Answer Incorrect Answer
    C It must be conducted without proper authorization Correct Answer Incorrect Answer
    D It must be approved by the Reserve Bank of India Correct Answer Incorrect Answer
    E It must involve the conveyance of the full title to the security Correct Answer Incorrect Answer

    Solution

    Explanation: Section 5. Transfer of Government securities—(1) No transfer of a Government security shall be valid if it does not purport to convey the full title to the security

    Practice Next
    More Administrative Interpretation and Maxims Questions
    ask-question