Section 5
Concession, etc., to be deemed to have been granted to the Company.
The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
About this Act
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.
With effect from the
appointed day, all fiscal and other concessions, licences, benefits, privileges and exemptions granted to
the Corporation in connection with the affairs and business of the Corporation under any law for the time
being in force shall be deemed to have been granted to the Company.