Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in the Limitation Act, 1963 (36 of 1963),- (i) on payment of the amount due on a Board Security on or after the date on which payment becomes due, or ( ii ) when a duplicate security has been issued under section 61, or ( iii ) when a new security or securities has or have been issued upon conversion, consolidation or sub-division under section 62,- the Board shall be discharged from all liabilities in respect of the securities,- ( a ) in the case of payment, after the lapse of six years from the date on which payment was due; (b) in the case of a duplicate security after the lapse of six years from the date of the publication under sub-section ( 3 ) of section 61 of the list in which the security is first mentioned or from the date of the last payment of interest on the original security, whichever is later; ( c ) in the case of a new security issued upon conversion, consolidation or sub-division after the lapse of six years from the date of the issue thereof.