Power to re-issue redeemed debentures in certain cases.

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....     (a) unless any provision to the contrary, whether express or implied, is contained in the articles, or in the conditions of issue, or in any contract entered into by the company; or      (b) unless the company has, by passing a resolution to that effect or by some other act, manifested its intention that the debentures shall be cancelled; the company....

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....nominee shall be deemed to be a re-issue for the purposes of this section.      (4) Where a company, has either before or after the commencement of this Act, deposited any of its debentures to secure advances from time to time on current account or otherwise, the debentures shall not be deemed to have been redeemed by reason only of the account of the company having ceased t....

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....y penalty in respect thereof, unless he had notice or, but for his negligence, might have discovered, that the debenture was not duly stamped; but in any such case the company shall be liable to pay the proper stamp duty and penalty. (6) Nothing in this section shall prejudice^___     (a) the operation of any decree or order of a Court of competent jurisdiction pronounced or m....