Section 15: Transfer of debentures
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Transfer of debentures
(1) The debentures or debenture stock registered under section 14 shall
be transferable by means of an instrument in writing signed by the transferor
and the transferee or by the holders of their power of attorney.
(2) Every such instrument shall be left at the office of the Board for
registration, accompanied by the certificate of the debentures or debenture
stock to be transferred and the transfer shall be made on payment to the
Board for each transfer of a fee not exceeding one rupee and 50 cents as the
Board may determine.
(3) All instruments of transfer which are registered in the books of the
Board shall be retained by the Board.