Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 Section 11 - Bare Act |
| State | Central Government |
| Year | 1997 |
| Section Title | Shares, Bonds and Debentures to Be Deemed to Be Approved Securities |
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) and the Banking Regulation Act, 1949 (10 of 1949).