Section 12

Substitution in Act, rules or regulations of company in place of the Reconstruction Bank.

The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997

  • Act 7 of 1997
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to provide for the transfer and vesting of the undertakings of the Industrial Reconstruction Bank 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 Reconstruction Bank of India Act, 1984.

All sections
    In every Act, rule or regulation in force on the appointed day,--
         (a) for the words "Industrial Reconstruction Bank of India", wherever they occur, the words "Industrial Investment Bank of India Limited" shall be substituted;
         (b) for the words "Reconstruction Bank", wherever they occur, the words "Industrial Investment Bank" shall be substituted.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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