Central Act

5D

Section 5D. Shares to be securities.

The Life Insurance Corporation Act, 1956

In forceAll India (Central Act)

1[5D. Shares to be securities.---Notwithstanding anything contained in the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or any other law for the time being in force, the shares of the Corporation shall be deemed to be securities as defined under the said Act.]