Chapter IX — BORROWING

Section 189Receipt by joint holders for interest or dividend

Section 189: Receipt by joint holders for interest or dividend

189. Receipt by joint holders for interest or dividend

When two or more persons are joint holders of any debenture or security issued under this Act, any one of such persons may give an effectual receipt for any interest or dividend payable in respect of such debenture or security, unless notice to the contrary has been given to [[the Corporation]] by the other of such persons.

Amendment notes (2)
  1. Subs w.e.f. 13-1-2012 . Subs. by Delhi Act 12 of 2011, s. 2 “the Corporation” (w.e.f. 13-1-2012).
  2. Subs w.e.f. 22-5-2022 . Subs. by Act 10 of 2022, s. 2, for “a Corporation” (w.e.f. 22-5-2022).