Industrial Reconstruction Bank (Transfer of Undertaking and Repeal) Act : SHARES, BONDS AND DEBENTURES TO BE

Industrial Reconstruction Bank (Transfer of Undertaking and Repeal) Act,1997

Act No : 7

Section : SHARES, BONDS AND DEBENTURES TO BE DEEMED TO BE APPROVED SECURITIES

SECTION 11: SHARES, BONDS AND DEBENTURES TO BE DEEMED TO BE APPROVED SECURITIES

Notwithstanding anything contained in any other law for the time being in force, the shares, bonds and debentures of the Company shall be deemed to be approved securities for the purposes of the Indian Trusts Act, 1882 (2 of 1882), the Insurance Act, 1938 (4 of 1938)-and the Banking Regulation Act, 1949 (10 of 1949)-