Amendment status not verified — confirm the current text below against the official source.
Form, signature, eYchange, transfer and effect of debentures.-(1) When- ever money IS borrowed by the Board on debentures, the debentures shall be m such form as the Board may, with the previous sanction of the Government, determme. (2) Ali debentures shall be signed by the Chairman and one other Trustee. (3) The holder of any debenture in any form prescribed under sub-sectiOn (I) may obtam in exchange therefor a debenture in any other form so prescnbed, upon such terms as the Board may deter- mine. (4) Every debenture issued by·the Board shalJ be transferable by endorsement, unles~ some other mode of transfer is specified therein.