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Companies Act, 1973 (Act No. 61 of 1973)

Chapter V: Share capital, Acquisition by Companies of own Shares, Shares, Allotment and Issue of Shares, Members and Register of Members, Debentures, Transfers, and Restrictions on Offering Shares for Sale

Debentures

122. Director or officer not to be trustee for debenture-holders

 

 

No director or officer of a company shall be capable of being a trustee for the holders of debentures of that company.