Exemption from compulsory registration of instruments.

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....002<br>Exemption from compulsory registration of instruments. 59. Nothing in clauses (b) and (c) of sub&#8209;section (1) of section 17 of the Registration Act, 1908 (16 of 1908) shall apply to- ....

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....itles the holder thereof to the security afforded by a registered instrument whereby the society has mortgaged, conveyed or otherwise transferred the whole or part of its immovable property or any int....