The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
Central Act · Act 23 of 199312 provisions
The enactment
| Long title | An Act to provide for the transfer and vesting of the undertaking of the Industrial Finance Corporation of India to and in the Company to be formed and registered as a Company under the Companies Act, 1956, and for matters connected therewith or incidental thereto and also to repeal the Industrial Finance Corporation Act, 1948. |
|---|---|
| Type | Act |
| Citation | Act 23 of 1993 |
| Year | 1993 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 12 |
| Subjects | financial |
Full text, provision by provision
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- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 3 Undertaking of the Corporation to vest in the company.
- Section 4 General effect of vesting of undertaking in the Company.
- Section 5 Concession, etc., to be deemed to have been granted to the Company.
- Section 6 Tax exemption or benefit to continue to have effect.
- Section 7 Guarantee to be operative.
- Section 8 Provisions in respect of officers and other employees of Corporation.
- Section 9 Act 18 of 1891 to apply to the books of the Company.
- Section 10 Shares, bonds and debentures to be deemed to be approved securities.
- Section 11 Repeal and saving of Act 15 of 1948.
- Section 12 Repeal and saving.
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