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Notwithstanding anything contained in any other law for the time being in force, the shares,
bonds, debentures and units of the specified undertaking shall be deemed to be approved securities for the
purposes of the Indian Trusts Act, 1882 (2 of 1882), the Insurance Act, 1938 (4 of 1938) 1***.
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1. The words and figures "and the Banking Regulation Act, 1949 (10 of 1949)" omitted by Act 4 of 2013, the Schedule and s. 17