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

Notwithstanding anything contained in section 13B, no notice of any trust, express implied or constructive, shall be entered on the register of shareholders or be receivable by the Development Bank: [Provided that nothing in this section shall apply to a depository in respect of shares held by it as a registered owner on behalf of a beneficial owner. Explanation.-- For the purposes of section 13B, section 13BA and this section, the expression "beneficial owner","depository" and "registered owner" shall have the meaning 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 13C ins. by Act 5 of 1995, sec. 15 (w.r.e.f. 12/10/1994). Ins. by Act 8 of 1997, sec. 15 (w.e.f. 15/01/1997).