Bare ActsThe Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997

Section 11

Shares, bonds and debentures to be deemed to be approved securities.

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

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) 1 ***.

Section 11 – The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 | DailyLaw.ai