Legal Version
(7) Extension of certificate -Sec.376
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A District Judge may, on the application of the holder of a certificate under
this Part, extend the certificate to any debt or security not originally
specified therein, and every such extension shall have the same effect as if
the debt or security to which the certificate is extended had been originally
specified therein.
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Upon the extension of a certificate, powers with respect to the receiving of
interest or dividends on, or the negotiation or transfer of any security to
which the certificate has been extended may be conferred, and a bond or further
bond or other security for the purposes mentioned in Section 375 may be
required, in the same manner as upon the original grant of a certificate.
Simplified Version
(7) Extension of certificate -Sec.376
1. The district judge on the application of the holder of the
certificate may include moredebts or securities attached to the property, not
originally mentioned in the application and extend the certificate to the
same.
2. Once the certificate is extended the holder has the
rights to receive interests or dividends, and negotiate or transfer, the
securities or any of them.He also has to furnish a bond if necessary.
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