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Bare acts > Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 > Section 3A


3A. Trust Not to be entered in the register .-Notwithstanding anything contained in sub-section (2F) of section 3, no notice of any trust, express, implied or constructive, shall be entered in the register, or be receivable, by the corresponding new bank:

PROVIDED that nothing in this section shall apply to a depository in respect of shares held by it as a registered owner on behalf of the beneficial owners.






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