Bare ActsThe JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989

Section 150

Regulation under this Chapter.

Amendment status not verified — confirm the current text below against the official source.

This Board may, subject to the approval of the Trustee, make regulations not inconsistent with the provisions of this Chapter :— (i) for fixing the period of debentures and the rate of interest payable thereon ; (ii) for calling in debentures in advance of the date fixed for redemption after giving notices to the holders thereof ; (iii) for the issue of new debentures in place of debentures as damaged or destroyed and fixing the fee for such issues ; and (iv) for converting one class of debentures into another class bearing a different rate of interest.

Section 150 – The JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989 | DailyLaw.ai