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Registration of Title Act, 1942

Restriction on custody of land certificate by registered owner of a charge.

14.—(1) The registered owner of a charge shall not, merely by reason of his being such owner, be entitled to the possession of the land certificate in respect of the registered land which is subject to such charge.

(2) Every stipulation in relation to a registered charge on land (whether made before or after the creation of such charge) whereby the custody of the land certificate in respect of such land is to be given to the registered owner of such charge shall be void.