subsequently found certain defect in the qualifications or prohibited characteristics of the directors or lacking of appropriateness under Section 89/3. SECTION 89/6 An executive shall have qualifications and
certificates representing the rights to purchase debentures issued in accordance with Section 33 shall be valid upon delivery of such securities with the endorsement of transfer by a person having his name as
rights to purchase debentures issued in accordance with Section 33 shall be valid upon delivery of such securities with the endorsement of transfer by a person having his name as the owner or by the last