Section 14
Power to remove difficulties.
The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003
About this Act
An Act to provide for the transfer and vesting of the undertaking of the Industrial Development Bank of India to, and in, the Company to be formed and registered as a Company under the Companies Act, 1956 to carry on banking business and for matters connected therewith or incidental thereto and also to repeal the Industrial Development Bank of India Act, 1964.
(1) If any difficulty arises in giving effect to the provisions of
this Act, the Central Government may, by order published in the Official Gazette, make such provisions
not inconsistent with the provisions of this Act as may appear to it to be necessary or expedient for
removing the difficulty:
Provided that no such order shall be made after the expiry of three years from the date of commencement of this Act.
(2) Every order made under this section shall be laid, as soon as maybe after it is made, before each House of Parliament.
Provided that no such order shall be made after the expiry of three years from the date of commencement of this Act.
(2) Every order made under this section shall be laid, as soon as maybe after it is made, before each House of Parliament.