Section 3B: Register of beneficial owners

The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970Central Act · Act 5 of 1970

[3B. Register of beneficial owners.--The register of beneficial owners maintained by a depository under section 11 of the Depositories Act, 1996 (22 of 1996), shall be deemed to be a register of shareholders for the purpose of this Act.

Explanation.--For the purposes of section 3, section 3A and this section, the expressions "beneficial owner", "depository" and "registered owner" shall have the meanings respectively assigned to them in clauses (a), (e) and (j) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996).]

Where this provision sits

Act	The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
Section	3B
Marginal note	Register of beneficial owners
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted. . Ins. by s. 18, ibid. (w.e.f. 15-1-1997).

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