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Section 14: After section 13 of the principal Act, the following shall be inserted, namely

The Industrial Development Bank of India (Amendment) Ordinance, 1994.Ordinance · 1994

Insertion of new Chapters rV-A and rv-B.

"CHAPTER 1V-A SHARES

13A. (1) Save as otherwise provided in sub-section (2), the equity shares of the Development Bank shall be freely transferable.

(2) Nothing contained in sub-section (1) shall entitle the Central Government to transfer any ihares hold by it in the Development Bank if such transfer will result in reducing the equity shares held by it to less, than fifty-one per cent, of the issued equity capital of the Development Bank.

Free transferability of shares.

Where this provision sits

ActThe Industrial Development Bank of India (Amendment) Ordinance, 1994.
Section14
Marginal noteAfter section 13 of the principal Act, the following shall be inserted, namely
StatusIn force as published by the source

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