COMPANIES ACT - 1963 (ACT 179)

    Section - 83 - Effect of Statements on Debentures

    (1) Statements made in debentures or debenture stock certificates shall be prima facie evidence of the title to the debentures of the person named therein as the registered holder and of the amounts secured thereby.

    (2) If any person shall change his position to his detriment in reliance in good faith on the continued accuracy of any statements made in the debenture or debenture stock certificate, the company shall be estopped in favour of such person from denying the continued accuracy of such statements and shall compensate such person for any loss suffered by him in reliance thereon, and which he would not have suffered had the statement been or continued to be accurate:

    Provided that nothing in this subsection contained shall derogate from any right the company may have to be indemnified by any other person.