law: Government Securities Act 2006
  3.
  
  Forms of Government securities. -
  A
  
  Government security may, subject to such terms and conditions as may be
  
  specified, be in such forms as may be prescribed or in one of the following
  
  forms, namely:-
    i.  
  
    a
  
  Government promissory note payable to or to the order of a certain persons; or
    ii.  
  
    a
  
  bearer bond payable to bearer; or
    iii.  
  
    a
  
  stock; or
    iv.  
  
    a
  
  bond held in a bond ledger account.
  Explanation.-For
  
  the purpose of this section, "stock" means a Government security,-
    i.  
  
    registered
  
  in the books of the Bank for which a stock certificate is issued; or
    ii.  
  
    held
  
  at the credit of the holder in the subsidiary general ledger account including
  
  the constituents subsidiary general ledger account maintained in the books of
  
  the Bank, and transferable by registration in the books of the Bank.