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Section 15: Repeal and saving of Act 18 of 1964.

The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003Central Act · Act 53 of 2003

(1) On the appointed day, the Industrial Development Bank of India Act, 1964, shall stand repealed.

(2) Notwithstanding the repeal of the Industrial Development Bank of India Act, 1964, the provisions of section 30A of the Act so repealed will continue to be applicable in respect of the arrangement entered into by the Development Bank with an industrial concern up to the appointed day and the Company will be entitled to act upon and enforce the same as fully and effectually as if this Act has not been enacted.

Where this provision sits

ActThe Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003
Section15
Marginal noteRepeal and saving of Act 18 of 1964.
JurisdictionCentral
StatusIn force as published by the source

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