Section 17. Shares, bonds, debentures and units to be deemed to be securities

17. Shares, bonds, debentures and units to be deemed to be securities.— Notwithstanding anything contained in any other law for the time being in force, the shares, bonds, debentures and units of the specified undertaking 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)[4] *. approved 17. The Institutional Investors' Special Fund Unit Scheme 1998 (II) published on May 29,1999, in the Gazette of India, Part III, Section 4, vide No. UT/DBDM/R/SPD/98-99 dated the 31st March, 1999. 17. The Unit Growth Scheme 10,000 published on June 27, 1998, in the Gazette of India, Part III, Section 4.