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Section 7: Power of Board to make regulation.s

The Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)State Act of Kerala · Act 1 of 1960

The Board may, subject to the approval of the Trustee, make regulations not mcons1stent w1th the provisions of th1s Chapter,- {!) for fixing the perwd of debentures and the rate of mterest payabie thereon;

(1i) for calling in debentures after g1vmg notice to debenture holders;

{lil) for the issue of new debentures_m place of deben­ tures damaged or de-stroyed;

(1v J for converting one class of debentures into another class of debentures bearmg a different rate of mterest; and

(v) generally for carrymg out the provisions of th1s Chapter.

CHAPTER III Distraint and sale of produce.

Where this provision sits

ActThe Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)
Section7
Marginal notePower of Board to make regulation.s
JurisdictionState of Kerala
StatusIn force as published by the source

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