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Section 21: Release of original security in case of substitutions

The Tamil Nadu Chit Funds Rules, 1984State Rules of Tamil Nadu · 1982

(1) The Registrar shall if so required by the foreman, execute and register a deed of release in respect of the original security at the cost of the foreman.

(2) If the original security to be returned is Government securities deposited in a Government treasury, the Registrar shall arrange to return the securities offered by the foreman after making endorsements of retransferin the passbook (receipt) or Government security (or other record) as the case may be.

(3) If the original security to be returned is movable property other than Government security, the Registrar shall arrange to return such 9 security under proper acknowledgment. He shall, if so required by the foreman execute a deed of transfer or release at the cost of foreman.

Where this provision sits

ActThe Tamil Nadu Chit Funds Rules, 1984
Section21
Marginal noteRelease of original security in case of substitutions
JurisdictionState of Tamil Nadu
StatusIn force as published by the source

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