# 17 Shares, bonds, debentures and units to be deemed to be approved securities
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
MISCELLANEOUS
13
Tax exemption or benefit to continue to have effect14
Exemption from stamp duty15
Guarantee to be operative16
Protection of action taken in good faith18
Substitution in every Act, rule, regulation or notification by specified company or Administrator in place of Trust19
Power of Central Government to alter Schedules I and II20
Power of Central Government to make Scheme
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