LawgistThe Banking Companies (Acquisition and Transfer of Undertakings) Act
3BRegister of beneficial owners
1[3B. Register of beneficial owners.]--The register of benificial owners maintained by a depository under section 11 of the Depositories Act, 1996 (22 of 1996), shall be deemed to be a register of shareholders for the purposes of this act.
Explanation.--For the purposes of section 3, section 3A and this section , the expressions "benificial owner", "depository" and "registered owner" shall have the meanings respectively assigned to them in clauses (a), (e) and (j) of sub-section (1) of section 2 of the Depositories Act, 1996.]
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1. Ins. by s. 21, ibid. (w.e.f. 15-1-1997).
TRANSFER OF THE UNDERTAKINGS OF EXISTING BANKS AND SHARE CAPITALS OF THE CORRESPONDING NEW BANKS
