LawgistThe Industrial Development Bank (Transfer of Undertaking and Repeal) Act
9Shares, 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 1882) and the Insurance Act, 1938 (4 of1938).
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MISCELLANEOUS
- 6 Concession, etc., to be deemed to have been granted to Company
- 7 Tax exemption or benefit to continue to have effect
- 8 Guarantee to be operative
- 9 Shares, bonds and debentures to be deemed to be approved securities
- 10 Act to have overriding effect
- 11 Application of other laws not barred
- 12 Amendment to certain enactments
- 13 Substitution in Acts, rules, regulations or notifications by Company in place of Development Bank
- 14 Power to remove difficulties
- 15 Repeal and saving of Act 18 of 1964
