Government security - SEBI Ready Reckoner - SEBI

As per section 2(b) of the Securities Contracts (Regulation) Act, 1956 , unless the context otherwise requires,- Government security means- a security created and issued, whether before or after the commencement of this Act, by the Central Government or a State Government for the purpose of raising a public loan and having one of the forms specified in Section 2(2) of the Public Debt Act, 1944 ; As per section 2(2) of Public Debt Act, 1944 Government security means- (a) a security, created and issued, by the Government] for the purpose of raising a public loan, and having one of the following forms, namely : (i) stock transferable by registration in the books of the Bank; or (ii) a promissory note payable to order; or (iii) a bearer bond payable to bearer; or (iv) a form prescribed in this behalf; (b) any other security created and issued by 3 [the Government] in such form and for such of the purposes of this Act as may be prescribed;