Section 44Part 9 — Miscellaneous
Regulations
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The Governor in Council may make regulations for carrying out the purposes of this Law and, without prejudice to the generality of the foregoing, such regulations may provide for all or any of the following matters —
the time, manner and place in which payment of amounts due in respect of securities is to be made and acknowledged;
the issue of duplicate securities certificates;
the manner of payment of interest to joint holders of securities;
the circumstances in which alterations may be made in the register;
the payment of principal or interest and transfer of securities in the case of persons under a legal disability;
the disposal of unclaimed interest;
the conditions subject to which securities may be exchanged, consolidated or subdivided;
the description of holders of registered securities in the register as trustees and either as trustees of any particular trust or as trustees without qualification, and for the recognition of powers of attorney granted by holders of securities so described;
the fees to be paid in respect of anything to be issued or done under this Law; and
all matters required or permitted by this Law to be prescribed and all matters incidental to or connected with the matters specified in this subsection.
Nothing in any regulation made under this Law shall, as between any trustees or as between any trustees and beneficiaries under a trust, be deemed to authorise the trustees to act otherwise than in accordance with the rules of law applying to the trust and the terms of the instrument constituting the trust; and neither the Government, the Registrar nor any person holding or acquiring any interest in any registered securities shall by reason of any entry in the register of securities of anything in any document or instrument relating to registered securities be affected with notice of any fiduciary obligation attaching to the holding of any registered securities.