law: Government Securities Act 2006
  31.
  
  Certain laws not to apply to Government securities. -
  1.   The Public Debt Act,
  
  1944 shall cease to apply to the Government securities to which this Act
  
  applies and to all matters for which provisions have been made by this Act.
  2.   Notwithstanding such cessation
  
  anything done or any action taken in the exercise of any power conferred by or
  
  under that Act shall be deemed to have been done or taken in the exercise of
  
  the powers conferred by or under this Act as if this Act was in force at all
  
  material times.
  3.   Nothing contained in
  
  the Depositories Act, 1996 or the regulations made thereunder shall apply to
  
  Government securities covered by this Act unless an agreement is executed to
  
  the contrary by any depository under the Depositories Act, 1996 with the Government
  
  or the Bank, as the case may be.