Regional Rural Banks Act : Shares to be approved securities. Indian Bare Acts :

Regional Rural Banks Act,1976

Act No : 21

Section : Shares to be approved securities.

7. Shares to be approved securities.- Notwithstanding anything contained in the Acts hereinafter mentioned in this section, the shares of a Regional Rural Bank shall be deemed to be included among the securities enumerated in section 20 of the Indian Trusts Act, 1882 (2 of 1882), and shall also be deemed ---------------------------------------------------------------------- 1. Subs. by Act 1 of 1988 s. 4, for "Reserve Bank" (w.e.f. 28-9-1988). 2. Subs. by s. 5, ibid., for certain words (w.e.f. 28-9-1988). 3. Subs. by s. 5, ibid., for Reserve Bank" (w.e.f. 28-9-1988). 4. Subs. by s. 6, ibid., for sub-section (i) (w.e.f. 28-9-1988). 5. Subs. by s. 6, ibid., for "Reseve Bank" (w.e.f. 12-9-1988). 266 to be approved securities for the purposes of the Banking Regulation Act, 1949 (10 of 1949).