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State of Madhya Pradesh - Section

Section 32 in The M.P. Electricity (Supply) Finance Rules, 1967

32. Closing of transfer books, etc.

(1)The appropriate Registrar with the approval of the Board may close the register of transfer of any class of security for a period not exceeding thirty days immediately preceding the date for the payment of interest on the security.
(2)The persons who on the day of closing in accordance with sub-rule (1) are registered as holders of any security shall be entitled to the interest next payable thereon.