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Bare acts > Unlawful Activities (Prevention) Act, 1967 > Section 34
 
  


 

*[34. Company to transfer shares to Government.-Where any share in a company stand forfeited to the Central Government or the State Government, as the case may be, under this Chapter, then, the company shall, on receipt of the order of the court, notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), or the articles of association of the company, forthwith register the Central Government or the State Government, as the case may be, as the transferee of such share.

 

*[Chapter IV was substituted with new Chapters and Section 34 inserted by Unlawful Activities (Prevention) Amendment Act, 2004, section, 7]

 

 

 

 

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