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Section 10: Shares, bonds and debentures to be deemed to be approved securities.

The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993Central Act · Act 23 of 1993

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) ***.

Where this provision sits

ActThe Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
Section10
Marginal noteShares, bonds and debentures to be deemed to be approved securities.
JurisdictionCentral
StatusIn 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.

  • omitted, Act 4 of 2013. . The words and figures "and the Banking Regulation Act, 1949" (10 of 1949) omitted by Act 4 of 2013, s. 17 and Sch. (w.e.f. 18-1-2013).

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