law: Government Securities Act 2006
  28.
  
  Pledge, hypothecation or lien. -
  1.   Subject to such terms
  
  and conditions as may be prescribed, the holder of a Government security may
  
  create a pledge or hypothecation or lien in respect of such security.
  2.   On receipt of notice
  
  of pledge or hypothecation or lien from the holder of the Government security,
  
  the Bank or any agent maintaining the account in respect of such security shall
  
  make necessary entry in its record and such entry shall be evidence of the
  
  pledge, hypothecation or lien thereof, as the case may be.