[5D. Shares to be securities.---Notwithstanding anything contained in the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or any other law for the time being in force, the shares of the Corporation shall be deemed to be securities as defined under the said Act.]
Section 5D: Shares to be securities.
The Life Insurance Corporation Act, 1956Central Act · Act 31 of 1956
Where this provision sits
| Act | The Life Insurance Corporation Act, 1956 |
|---|---|
| Section | 5D |
| Marginal note | Shares to be securities. |
| 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.
- substituted, Act 13 of 2021. Subs. by Act 13 of 2021, s. 131, for s. 5 (w.e.f. 30-6-2021).
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