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of <h1>New Section 30A Retroactively Validates Past Actions Under Depositories Act 1996 for Legal Consistency via 2014 Amendment.</h1> Section 30A is added to the Depositories Act, 1996, through the Securities Laws (Amendment) Act, 2014. This new section ensures that any actions or proceedings related to the settlement of administrative and civil matters under the principal Act are considered valid and effective as if the amendments were always in effect. This provision retroactively validates past actions, ensuring their legitimacy under the updated legal framework.
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