Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 · Chapter II: Transfer of the Undertakings of Existing Banks and Share Capitals of the Corresponding New Banks
Section 3A: Trust not to be entered on the register
[3A. Trust not to be entered on the register.—Notwithstanding anything contained in sub-section (2F) of section 3, no notice of any trust, express, implied or constructive, shall be entered on 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.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 3A
No Supreme Court judgment in our database cites this section yet.