Bare ActsThe Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)

Section 7

Power of Board to make regulation

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

Power of Board to make regulation.s.-The Board may, subject to the approval of the Trustee, make regulations not mcons1stent w1th the provisions of th1s Chapter,- {!) for fixing the perwd of debentures and the rate of mterest payabie thereon; (1i) for calling in debentures after g1vmg notice to debenture holders; {lil) for the issue of new debentures_m place of deben- tures damaged or de-stroyed; (1v J for converting one class of debentures into another class of debentures bearmg a different rate of mterest; and (v) generally for carrymg out the provisions of th1s Chapter. CHAPTER III Distraint and sale of produce.

Section 7 – The Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960) | DailyLaw.ai