Bare ActsThe Odisha Port Trust Act, 1962

Section 60

The Board may make regulations to carry makc regulations

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

The Board may make regulations to carry makc regulations. out the purposes of this Chaptcr and in particular to providc for all or any of the following matters, namely :- (n) the person, if any, authorised to sign, and the mode of afiing the corporate seal of attestation of documents relating to Port Trust Securities; (b) the manner in which payment of interest in , respect of Port Trust Securities is to be made and acknowledged ; (c) the circumstances and the manner in which Port Trust Securities may be renewed ; (6) the circumstances in which sucb securities must be renewed before furthei payment of intercst thereon can be claimed, : (e) the form in which securities delivered for renewal-and conversion are to be receipted ; (f) the proof which is to be produced by persons applying for 'duplicate securities ; (gl the form and manner of publication of the notification mentioned in su b-sec; ion (2) of section 10 cf the Indian Securities Act, 1920, as applied to Port Trust Securities and the manner of publication of the list mentioned in sub-section (3) of that section ; (h) the nature and amount of indemnity to be given by a person applying for the pay- ment. of interest on debentures alleged to have been wholly or partIy lost or destroyed, or for the issue of duplicate debentures ; (i) the conditions subject to which Port Trust Securities may be converted - ; ( j ) the amounts for which stock certificates may be issued ; (k) generally, all matters connected with the grant of duplicate, renewed and converted securities ; (1) the fees to be paid in respeGt of the issue of duplicate securities and bf the rerlewaI and conversion of Port Trust Securities ; (m) thc fees to be levied in respect of the issue of stock certificates ; and THE ORISSA PORT TRUST ACT, 1962 [Or. Act 38 (11) any other matter which is required to be or may be provided for by regulations. (2) The p w e r ' to make .regulations under s u b section ( I ) shall be subject to the following conditions, namely :- ( i ) a draft of the regulatiolls shall be published in three cor~secutive issues of the official Gazette; iii) the same shalI have no effect until approved by Government after such publication snd until such approval has also been published in the official Gazette ; and (iii) Government may, at any time, by noti- ' , fica tion cancel any regu Iation published under the proovisio~z of this section. Sccurityror , 61.. All loans may be raised on the security of- loans. (a) the property now vested, or which may hereafter become vested in the Board, other than any sums set apart by the Board as a sinking fund for the purpose of paying off any loan ; and (b) the t?.ses, tnlls, ducs, rates, rents, cesses, fees and charges leviable under this Act. Remedic3 or

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