Bare ActsThe Tamil Nadu Maritime Board Act, 1995

Section 1963

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

(i) on payment of the amaunt due on a Board security on or after the date on qhich payment becomes dus to, or Seourit~fo loans taken t Born*: (ii) when a duplicate sec~rity has k n issuec under section 61, or (iii) wben a new security or securities has or have 'been issued upon conver- sion, consolidation or sub-division under section 62, theBaard sliall b: di;llirz:-l >an 21 lia3ilitiej in respsci of the security izr securities so p ~ i d or in pl~cc of wliich a d kplicate or new secLlrity or sec~riiies has or have been issued .- (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 duplicate security after the lapse of six years from the date of the publication under sub-section (3) of section 61 of the 11 st in wbich the security is first mentioned or frorl the date of the last payment of interest on the original security, whichever date is later; (c) in the case of a n&w security issued ilpon conversion, consolidation or sub-division, after a lapse of six years from the date of the issue thereof.

Section 1963 – The Tamil Nadu Maritime Board Act, 1995 | DailyLaw.ai