Section 1. [ See clause (e) of sub-section (1) of section 2]

THE FIRST SCHEDULE [ See clause (e) of sub-section (1) of section 2] PROVISIONS OF THE CONVENTION ON INTERNATIONAL INTERESTS IN MOBILE EQUIPMENT WHICH SHALL HAVE THE FORCE OF LAW 1. 1st day of May, 2025, vide notification No. S.O. 1937 (E), dated 30th day of April, 2025, see Gazette of India, Extraordinary, Part II, sec. 3 (ii). 4 . Power of registry authority to issue directions. —The registry authority may issue necessary directions, for implementation of the provisions of the Convention and Protocol, including the provisions given force of law under section 3, in such manner as may be prescribed. 5 . Obligation of debtor and creditor to an agreement. —(1) A debtor shall maintain and submit to the registry authority, records of dues arising from, related to or owed in regard to the ownership or use by the owner or operator of the aircraft object, in such form and manner as may be prescribed. (2) A creditor shall not be entitled to exercise any remedy under the Convention or Protocol unless such creditor declares the occurrence of default by notifying the registry authority, in such form and manner as may be prescribed.