Section 181(1) in The Orissa Municipal Corporation Act, 2003
(1)The Standing Committee on Taxation, Finance and Accounts at its discretion may, at the time of issue or at any time during the currency of any debenture or security issued under this Act, upon the application of the subscriber for or holder of any such debenture or security, issue to him in lieu of the debenture or security deliverable to, or held by, him a certificate in the nature of a stock certificate in respect of the loan to which such debenture or security relates, which shall be in such form as the Corporation with the previous consent of the Government shall, from time to time, determine, and all the provisions as to interest or dividend on such debentures or securities shall, so far as may be, apply to the interest on the stock Certificate.
