Act Number: 53

Act Name: The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

Year: 2003

Enactment Date: 2003-12-30

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 1: Short title and commencement.
    (1) This Act may be called the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003.
     (2) It shall come into force on such date 1 as the Central Government may, by notification, appoint.
Notes:
1. 2nd July, 2004, vide notification No. S.O. 769(E) dated 2nd July, 2004, see Gazette of India, Extraordinary, Part II, sec. 3(ii).
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