Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979 14Chapter IV · Debentures

Section 14 · Power of Board to make regulations

- The Board may, subject to the approval of the trustee and of the State Government, make regulations not inconsistent with the provisions of this Chapter:-

(i)

for fixing the period of debentures and the rate of interest payable thereon;

(ii)

for calling in debentures after giving notice to debenture-holders;

(iii)

for the issue of new debentures in place of debentures damaged or destroyed;

(iv)

for converting one class of debentures into another bearing a different rate of interest; and

(v)

generally for carrying out the provisions of this Chapter.

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