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Indian Securities Act, 1920 Section 15 - Bare Act

StateCentral Government
Year
Section TitleIssue of Converted, Etc,.securities
Act Info:

(1) The prescribed Subs.by s.6, ibid., for "officer".][authority] may, subject to such conditions as may be prescribed, on the application of a person claiming to be entitled to a Government security or securities, on being satisfied of the justice of the claim and on delivery of the security or securities receipted in the prescribed manner and on payment of the prescribed fee, if any, convert, consolidate or sub-divide the securities or securities, and issue to the applicant a new security or accordingly.

(2) The conversion, consolidation, or sub-division referred to in sub-section (1) may be into a security or securities of the same or different classes or of the same or different loans




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