Debentures to be registered and transferable by instrument in writing

(1) Every debenture shall before being issued be registered by the Accountant General in a register to be kept for that purpose at the office of the Accountant General, and the name and address of the holder of each debenture and all transfers of debentures shall be noted in the register. (2) Debentures shall be transferable by instrument in writing in such form and subject to such conditions as may be prescribed by the Minister.