section 8
Power of Board to make regulations
The Tamil Nadu Co-Operative Land Development Banks Act, 1934Finance193438 sections4 chapters
Chapter II DEBENTURES
Statutory text
8. The Board may, subject to the approval of the Trustee, make regulations not inconsistent with the provisions of this Chapter,
- (i) for fixing the period of debentures and 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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