Amendment status not verified — confirm the current text below against the official source.
Exemption from compulsory registration of instruments :– Nothing in Clauses (b) and (c) of Sub-Section (1) of Section 17 of the Indian Registration Act, 1908, (16 of 1908) shall apply to– (a) any instrument relating to shares in a Society notwithstanding that the assets of the Society consist in whole or in part of immov- able property; or (b) any debentures issued by any such Society and not creating, de- claring, assigning, limiting or extinguishing, any right, title or in- terest to or in immovable property, except in so far as it entitles the holder to the security afforded by a registered instrument whereby the Society has mortgaged, conveyed or otherwise trans- ferred the whole or a part of its immovable property or any inter- est therein to trustees upon trust for the benefit of the holders of such debentures; or (c) any endorsement upon or transfer of any debenture issued by any such Society. CHAPTER - VI STATE-AID TO SOCIETIES