State Act
14
Section 14. Power of Board to make regulations.
The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979
Act no. 23 of 19791979In forceHimachal Pradesh (State Act)
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.