Payment of fees, and the consequences of failure to pay fees.

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Full Text of the Document

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....he period specified in Schedule II:] Provided that Board may, on sufficient cause being shown, permit the debenture trustee to pay such fees at any time before the expiry of six months from the date on which such fees become due. (2) Where the debenture trustee fails to pay the fees as provided in sub-regulation (1), the Board may suspend the certificate, whereupon the debenture trustee shal....