Ledger Account Of Securities Held Under Act 6 Of 1890

Ledger Account Of Securities Held Under Act 6 Of 1890

As per Section 2(c) of Government Securities Act 2006

"bond ledger account" means an account with the Bank or an agent in which the Government securities are held in a dematerialised form at the credit of the holderond ledger account" means an account with the Bank or an agent in which the Government securities are held in a dematerialised form at the credit of the holder

To be closed annually to balance. The transitions will not be numerous. A few pages of the ledger (ruled only for the Cash Account ) may be left for each account, that the account maybe carried on for several years without opening a fresh Ledger Account.

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