12. Closing of the register- The Bank may. after ensuring compliance of the applicable guidelines and the listing agreement with the Stock Exchanges, and after giving not less than seven days previous notice by advertisement in at least two newspapers circulating -in India, close the register of shareholders for any period or periods not exceeding in the aggregate forty-five days in each year, but not exceeding thirty days at any one time as may In its opinion, be nccessar/".
11.- in-regulation 13, *
(i) in ciause (ii) for the words " some other officer appointed by the Bocird , the \vords some ether officer not below the rank of Scale .'II or the Company Secretary" shall be substituted; -
(ii) ■ Clause (v) shall be omitted.
12- in ragnlalion ,5. lor the heading -Renewal o, share ced.flcate- the - following shall be substituted, namely;
Issue of new or duplicate share cei-li^Tcate
13. In regulation 17, for the clauses (Hi) and (iv), the following clauses shall be substituted, namely;- "(iii) Upon receipt by the Bank of an instrument of transfer along w,th a share certificate with a request to .register the transfer, the Board or the Committee designated by the Board shall forward the said instrument of transfer alongwith share certificate to the Registrar or Share Transfer Agent for the purposes of verification that.the technical requirements are complied with in their entirety. The Registrar or Share Transfer Agent shall return the instrument of transfer along with the share certificate, if any, to the transferee for resubmission unless the instrument of transfer is presented to the bank, duly stamped and properly executed for registration and is accompanied by the.certificate of the shares to which it relates and such gther evidence as the Beard .may require to show the title of the transferor to make such transfer.
Explanation:- "Wustratioasjsf technical requirements" means
(a) Transfer deed shall be-duly stamped ;
(b) Certificate number or distinctive number mentioned in the transfer deed shall tally with the share certificate;
(c) Transferor's signature shall tally;
9140 * INDIA. NOVEMBER 29. 2003 (AGRAHAYANA 8. J925) [Part 4 "
(d) Transfer deed shall be witnessed."
(IV) The Board or the Committee designated by the Board shall, unless it refuses to register the transfer under regulation- 19 hereinafter, cause the transfer to be registered.
(v) Unless the transfer of shares is refused under regulation 19, the share certificate duly transferred shall be delivered to the . transferee within sixty days-from the date of lodging of the instrument of transfer *.