Bare ActsThe Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

Section 3B

Register of beneficial owners

Amendment status not verified — confirm the current text below against the official source.

1 [3B. Register of beneficial owners. --The register of beneficial owners maintained by a depository under section 11 of the Depositories Act, 1996 (22 of 1996), shall be deemed to be a register of shareholders for the purpose of this Act. Explanation .--For the purposes of section 3, section 3A and this section, the expressions "beneficial owner", "depository" and "registered owner" shall have the meanings respectively assigned to them in clauses (a), (e) and (j) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996).]

Section 3B – The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 | DailyLaw.ai