Amendment status not verified — confirm the current text below against the official source.
(1) The Board msy, subjcct to such condi ions as it may p~esc~i'oo, on the converted, etc., application of a person cla~ming to be entitled to a !I3ard \cci~rity or ~ e r l r i t i e s issued securities. by it,on being saiisfied of the ge~uinzness of the claim and 011 ddivcry sf tlic sscurity or securities receipted in such manner and on p3yrr~:nt of such fee, if zay, as it may prescribe, convert, consdidate 3r sub-divide thc sccdiity or securities, ar,diJsue to the applicant a nefi security or secur~ties accordingly. (2) The conversion, coqsalidation or sub-d vision refers-d to in sub-section (1)-may be into seccrity or secl~rities of the same o: diffei.ent classes ur uf the same or ditferent loars.