Section 42: Power to make regulations.

(1) The Minister may make regulations for the purpose of giving effect to the provisions of this Act.
(2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters-
(a) the manner in which payment of interest in respect of stock or securities is to be made and acknowledged;
(b) the circumstances in which promissory notes must be renewed before further payment of interest thereon may be claimed;
(c) the issue of duplicate stock certificate and duplicate securities;
(d) the renewal of stock certificates and securities;
(e) the manner of payment of interest to joint holders of stock or securities;
(f) the circumstances in which alterations may be made in the register;
(g) the payment of principal or interest and transfer of stock and securities in the case of persons under a legal disability;
(h) the disposal of unclaimed interest;
(i) the conditions subject to which stock or securities may be exchanged, consolidated or subdivided;
(j) to enable holders of registered stock to be described in the register as trustees and either as trustees of any particular trust or as trustees without qualification and for the recognition of powers of attorney granted by holders of stock so described;
(k) the fees to be paid in respect of anything to be issued or done under the provisions of this Act;
(l) all matters required by this Act to be prescribed and all matters incidental to or connected with the matters hereinbefore enumerated.
(3) Nothing in any regulation made hereunder shall, as between any trustees or as between any trustees and beneficiaries under a trust, be deemed to authorise the trustees to act otherwise than in accordance with the rules of law applying to the trust and the terms of the instrument constituting the trust; and neither the Government nor the Central Bank nor any person holding or acquiring any interest in any registered stock shall by reason only of any entry in the register of stock or of anything in any document or instrument relating to registered stock, be affected with notice of any trust of the fiduciary character of any stock holder or of any fiduciary obligation attaching to the holding of any registered stock.