Section 187
Form and effect of debentures.
The Delhi Municipal Corporation Act, 1957
About this Act
An Act to consolidate and amend the law relating to the Municipal Government of Delhi.
All debentures issued under this Chapter shall be in such
form as 1[2[Corporation]] may, with the previous sanction of 3[the Central 4[Government]], determine and shall be
transferable in such manner as shall be therein expressed; and the right to sue in respect of the moneys
secured by any of such debentures shall vest in the holders thereof for the time being without any
preference by reason of some such debentures being prior in date to others.
Notes
1. Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012).
2. Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).
3. Subs. by Delhi Act 12 of 2011, s. 2, for "Central Government" (w.e.f. 13-1-2012).
4. Subs. by Act 10 of 2022, s. 2, for "Government" (w.e.f. 13-1-2012).
2. Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).
3. Subs. by Delhi Act 12 of 2011, s. 2, for "Central Government" (w.e.f. 13-1-2012).
4. Subs. by Act 10 of 2022, s. 2, for "Government" (w.e.f. 13-1-2012).