Bare ActsThe Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)

Section 6

Guarantee by Government on principal of and mterest on df::hent1tres, bonds and loans

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

Guarantee by Government on principal of and mterest on df::hent1tres, bonds and loans.-The principal of, and the interest on. th(· debentures Issued under section 3 or bonds issued or loans raised vr,der section 4, to such maximum amount as may be fixed by the Government from time to time and subject to such conditions as trf'y n •ay deem fit to impose, shall carry the guarantee of the Governntent . \ 1 ~: I 135 . 7. Power of Board to make r:egulations for purposes of thi3 Chapter.-The Board may, subject to the approval of the Trustee, makt> regulations not inconsistent with the provisions of this Chapter-- ( a) for fixmg the period of debentures and the rate of mterest payable thereof; (b) for calling in debentures after g1vmg notice to debenture holuers; (c) for the issue of new debentures in place of debentures damaged c •r destroyed; (d) for converting one class of debentures into another class ot debentt1res bearing a different rate of interest; and . (e) generally for carrying out, the provisiOns of this Chapter. CHAPTER III LOANS · ~..

Section 6 – The Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984) | DailyLaw.ai