In force · As amended up to 2026-08
10. Shares, bonds and debentures to be deemed to be approved securities.
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 1982), the Insurance Act, 1938 (4 of 1938) [1]*.
[Footnotes]
1. The words and figures "and the Banking Regulation Act, 1949 (10 of 1949) omitted by Act 4 of 2013, s. 17 and The Schedule
(w.e.f. 17-1-2013).
Source: India Code