TMI BlogPower to re-issue redeemed debentures in certain cases.X X X X Extracts X X X X X X X X Extracts X X X X ..... rary, whether express or implied, is contained in the articles, or in the conditions of issue, or in any contract entered into by the company; or (b) unless the company has, by passing a resolution to that effect or by some other act, manifested its intention that the debentures shall be cancelled; the company shall have, and shall be deemed always to have had, the right to keep the debentu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... after the commencement of this Act, deposited any of its debentures to secure advances from time to time on current account or otherwise, the debentures shall not be deemed to have been redeemed by reason only of the account of the company having ceased to be in debit whilst the debentures remained so deposited. (5) The re-issue of a debenture or the issue of another debenture in its place ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he company shall be liable to pay the proper stamp duty and penalty. (6) Nothing in this section shall prejudice ___ (a) the operation of any decree or order of a Court of competent jurisdiction pronounced or made before the twenty-fifth day of February, 1910, as between the parties to the proceedings in which the decree or order was made; (b) where an appeal has been preferred a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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