Bare ActsKerala Co-operative Land Mortgage Banks Act, 1960

Section 7

Power of Board to make regulations.--

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

The Board may, subject to the approval of the Trustee, make regulations not inconsistent with the provisions of this Chapter,-- (1) for fixing the period of debentures and the rate of interest payable thereon; (ii) for calling in debentures after giving notice to debenture holders; (iii) for the issue of new debentures in place of debentures damaged or destroyed; (iv) for converting one class of debentures into another class of debentures bearing a different rate of interest; and (v) generally for carrying out the provisions of this Chapter.

Section 7 – Kerala Co-operative Land Mortgage Banks Act, 1960 | DailyLaw.ai