The Life Insurance Corporation Act, 1956 · II — ESTABLISHMENT OF LIFE INSURANCE CORPORATION OF INDIA

Section 5D. Shares to be securities

In force · As amended up to 2026-08

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.

Source: India Code