LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT
Section 33: Consolidation and subdivision of stock and securities.
Subject to such conditions as may be prescribed, the Central Bank may-(a) on the application of a person claiming to be entitled to any stock or securities; and
(b) on being satisfied of the justice of the claim of such applicant; and
(c) on surrender of the stock certificate relating to such stock or of such securities receipted in the prescribed manner; and
(d)
on payment of the prescribed fee,
consolidate or subdivide such stock or securities and issue to the applicant one or more new stock certificates or securities as may be required.
Cite this section
Section 33, LOCAL LOANS (REGISTERED STOCK AND SECURITIES) ACT (1946).
https://repo.podus.ai/laws/local-loans-registered-stock-and-securities-act/section/33/