Bare ActsThe Life Insurance Corporation Act, 1956

Section 5D

Shares to be securities.

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

1 [ 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 – The Life Insurance Corporation Act, 1956 | DailyLaw.ai