law: State Financial Corporations Act, 1951 
  
  6. Shares to be guaranteed by the State Government and to be trust or
  
  approved securities
  (1) The Shares of the Financial Corporation shall be guaranteed
  
  by the State Government as to the repayment of principal and the payment of
  
  annual dividend at such minimum rate as the State Government may, with the
  
  approval of the Central Government, fix by notification published in the
  
  Official Gazette at the time of issuing the shares.
  (2) Notwithstanding anything contained in the Acts hereinafter
  
  mentioned in this sub-section, 2[the shares of the Financial Corporation, and
  
  such of the bonds and debentures issued by it as are guaranteed by the State
  
  Government as to the repayment of the principal and payment of interest, and
  
  receipts issued by it for such of deposits as are guaranteed by the State
  
  Government as to the repayment of the principal and payment of interest shall]
  
  be deemed to be included among the securities enumerated in section 20 of the
  
  Indian Trust Act, 1882 (2 of 1882) and also to be approved securities for the
  
  purposes of the Insurance Act, 1938 (4 of 1938) and the 7[Banking Regulation
  
  Act, 1949 (10 of 1949)].