Amendment of section 4

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..... of the principal Act,- (a) for sub-section (1), the following sub-section shall be substituted, namely:- (1) The depositors shall designate one or more individuals, as nominee or nominees, who shall b .....

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..... (b) after sub-section (3), the following sub-section shall be inserted, namely:- (4) The transfer of deposit, if permitted under a Savings Scheme, shall automatically cancel a nomination previously ma .....

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