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(1) The Board may from time to time make rules prescribing- (a) the amounts for which debentures and stock certificates may be issued; (b) the mode in which payment of interest in respect of all debentures and stock certificates issued under the provisions of this Act is to be made, recorded and acknowledged; (c) the circumstances in which such debentures and stock certificates must be renewed before further payment of interest thereon can be claimed; (d) the fees to be levied in respect of the issue of renewed debentures and stock certificates; (e) the form of transfer to be used, the formalities to be observed and the fees to be levied on a transfer of stock; (f) the form in which debentures and stock certificates delivered for renewal are to be receipted; (g) the proof to be produced by persons applying for duplicate debentures and stock certificates; (h) the circumstances and manner in which duplicate debentures and stock certificates may be issued in case of debentures and stock certificates alleged to have been wholly or partly lost or destroyed and the period after which interest may be paid or a duplicate be issued in case of such debentures and stock certificates and the fees to be levied in respect of the issue of duplicate debentures and stock certificates; (i) the nature and amount of indemnity to be given by a person applying for the payment of interest on debentures alleged to have been wholly or partly lost or destroyed or the issue of duplicate debentures; (j) generally, the measures to be adopted for carrying out the purposes of this Act. (2)(a) No rule or alteration or revocation of a rule, shall have effect until the same shall have been approved by the 1[2[State] Government], and such approval shall have been published in the 3[Official Gazette] and no rule or alteration or revocation of a rule, shall be approved by the 4[5[State] Government] until the same shall have been published for three weeks successively in the said Gazette. (b) It shall be lawful for the 6[7[State] Government] at any time by notification in the said Gazette to cancel any rule published under the provisions of this section.]
<span style="margin-left:15px;"></span>(<i>1</i>) The Board may from time to time make rules prescribing-<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>a</i>) the amounts for which debentures and stock certificates may be issued;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><i>(b)</i> the mode in which payment of interest in respect of all debentures and stock certificates issued under the provisions of this Act is to be made, recorded and acknowledged;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>c</i>) the circumstances in which such debentures and stock certificates must be renewed before further payment of interest thereon can be claimed;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>d</i>) the fees to be levied in respect of the issue of renewed debentures and stock certificates;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>e</i>) the form of transfer to be used, the formalities to be observed and the fees to be levied on a transfer of stock;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>f</i>) the form in which debentures and stock certificates delivered for renewal are to be receipted;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>g</i>) the proof to be produced by persons applying for duplicate debentures and stock certificates;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>h</i>) the circumstances and manner in which duplicate debentures and stock certificates may be issued in case of debentures and stock certificates alleged to have been wholly or partly lost or destroyed and the period after which interest may be paid or a duplicate be issued in case of such debentures and stock certificates and the fees to be levied in respect of the issue of duplicate debentures and stock certificates;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>i</i>) the nature and amount of indemnity to be given by a person applying for the payment of interest on debentures alleged to have been wholly or partly lost or destroyed or the issue of duplicate debentures;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>j</i>) generally, the measures to be adopted for carrying out the purposes of this Act.<br> <span style="margin-left:15px;"></span>(<i>2</i>)(<i>a</i>) No rule or alteration or revocation of a rule, shall have effect until the same shall have been approved by the <sup>1</sup>[<sup>2</sup>[State] Government], and such approval shall have been published in the <sup>3</sup>[<i>Official Gazette</i>] and no rule or alteration or revocation of a rule, shall be approved by the <sup>4</sup>[<sup>5</sup>[State] Government] until the same shall have been published for three weeks successively in the said Gazette.<br> <span style="margin-left:15px;"></span><i>(b)</i> It shall be lawful for the <sup>6</sup>[<sup>7</sup>[State] Government] at any time by notification in the said Gazette to cancel any rule published under the provisions of this section.]<br>