Section 3A: Trust not to be entered on the register.

The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980Central Act · Act 40 of 1980

[3A. Trust not to be entered on the register.--Notwithstanding anything contained in sub-section (2F) of section 3, no notice of any trust, express, implied or constructive, shall be entered on the register, or be receivable, by the corresponding new bank:]

[Provided that nothing in this section shall apply to a depository in respect of shares held by it as a registered owner on behalf of the beneficial owners.]

Where this provision sits

Act	The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
Section	3A
Marginal note	Trust not to be entered on the register.
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, Act 37 of 1994. . Ins. by Act 37 of 1994, s. 13 (w.e.f. 15-7-1994).
inserted, Act 8 of 1997. . Ins. by Act 8 of 1997, s. 20 (w.e.f. 15-1-1997).

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.