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

Section 150

Regulations under this Chapter

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

Regulations under this Chapter.—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