law: Government Securities Act 2006
  6.
  
  Holding of Government securities by holders of public offices. -
  1.   In the case of any
  
  public office to which the Government may, by notification in the Official
  
  Gazette, declare this sub-section to apply, a Government security may be held
  
  in the name of the office.
  2.   When a Government
  
  security is so held, it shall be deemed to be transferred without any or
  
  further endorsement or transfer deed from each holder of the office to the
  
  succeeding holder of the office on and from the date on which the latter takes
  
  charge of the office.
  3.   When the holder of
  
  the office transfers to a party not being his successor in office where a
  
  Government security so held, the transfer shall be made by the signature of the
  
  holder of the office and the name of the office in the manner laid down in
  
  section 5.
  4.   Where the holder of
  
  the office is temporarily absent for more than a fortnight from his office for
  
  any reason, he may authorise in writing such other person, who would be
  
  incharge of this office during the period of such absence, to effect transfer
  
  of the Government securities.
  5.   This section applies
  
  as well to an office of which there are two or more joint holders as to an
  
  office of which there is a single holder.