Section 74A
Recognition as holder of Port Trust securities in certain cases.
The Major Port Trusts Act, 1963
About this Act
An Act to make provision for the constitution of port authorities for certain major ports in India and to vest the administration, control and management of such ports in such authorities and for matters connected therewith.
1[74A. Recognition as holder of Port Trust securities in certain cases.--The person to whom a
duplicate security has been issued under section 73 or a new security or securities has or have been issued
under section 74 shall be deemed for the purposes of section 74B to have been recognised by the Board as
the holder of the security or securities; and a duplicate security or a new security or securities so issued to
any person shall be deemed to constitute a new contract between the Board and such person and all
persons deriving title thereafter through him.]
Notes
1. Ins. by Act 29 of 1974, s. 26 (w.e.f. 1-2-1975).