Act Number: 38

Act Name: The Major Port Trusts Act, 1963

Year: 1963

Enactment Date: 1963-10-16

Long Title: 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.

Ministry: Ministry of Shipping

Department:

Section 70: Indorsements to be made on security itself.
    Notwithstanding anything in section 15 of the Negotiable Instruments Act, 1881, (26 of 1881) no indorsement of a Port Trust security, which is transferable by indorsement, shall be valid unless made by the signature of the holder inscribed on the back of the security itself.
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