TMI BlogNominationX X X X Extracts X X X X X X X X Extracts X X X X ..... inate in the prescribed manner, any person in whom all the rights in such Government security shall vest, in the event of the death of all the joint holders. (3) Notwithstanding anything contained in any other law for the time being in force or in any disposition, whether testamentary or otherwise, in respect of Government securities, where a nomination made in the prescribed manner purports to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... seeks to insert a new Chapter VII in the Finance Bill, 2015 which deals with the Public Debt Management Agency. The said Chapter proposes-- (a) to empower the Central Government to establish an Agency called Public Debt Management Agency with a view to minimising the cost of raising and servicing public debt over the long-term within an acceptable level of risk at all times under the genera ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) to provide that the Agency shall be responsible for making the payment to holders of Government securities in accordance with the terms of such Government securities; (f) to empower the Central Government to issue directions to the Agency from time to time; and (g) to exempt the Agency from payment of taxes. Clauses 143 to 150 of the Bill seek to insert a new Chapter VIII relating to Senio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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