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Section 11: Shares, bonds and debentures to be deemed to be approved securities.

The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997Central Act · Act 7 of 1997

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 Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997
Section11
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)" shall be omitted by Act 4 of 2013, s. 17 and the Schedule (w.e.f. 18-1-2013).

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