The Government Securities Act, 2006

The Government Securities Act, 2006 was enacted to regulate the issue of government securities and the management of public debt. It outlines the procedures for the issuance, transfer, and redemption of government securities and provides for the establishment of a Public Debt Office to manage the public debt. The Act also lays down the rules for the conduct of business in relation to government securities and the penal provisions for their violation. The Act was amended in 2015 to allow for the use of government securities as collateral for borrowing funds from the Reserve Bank of India.