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(1) The Indian Securities Act, 1920 (10 of 1920) is hereby repealed.
(2) Notwithstanding such repeal anything done or any action taken in the exercise of any power
conferred by or under the Act shall be deemed to have been done or taken in the exercise of the powers
conferred by or under this Act as if this Act was in force on the day on which such thing was done or
action was taken.
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