7. Repeal and savings. - (1) The Securities and Insurance Laws (Amendment and Validation) Ordinance, 2010 is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the Reserve Bank of India Act, 1934 or the Insurance Act, 1938 or the Securities Contracts (Regulation) Act, 1956 or the Securities and Exchange Board of India Act, 1992, as amended by the said Ordinance, shall be deemed to have been done or taken under the corresponding provisions of those Acts, as amended by this Act.
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