Section 2(u) in The Foreign Exchange Regulation Act, 1973
(u)"security" means shares, stocks, bonds, debentures, debenture-stock, Government securities as defined in the Public Debt Act, 1944, savings certificates to which the Government Savings Certificates Act, 1959, applies, deposit receipts in respect of deposits of securities, and units or sub-units of unit trusts and includes certificates of title to securities, but does not include bills of exchange or promissory notes other than Government promissory notes;
