Act Number: 23

Act Name: The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993

Year: 1993

Enactment Date: 1993-04-02

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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 2: Definitions.
    In this Act, unless the context otherwise requires,--
     (a) "appointed day" means such date as the Central Government may, by notification in the Official Gazette, appoint under section 3;
     (b) "Company" means the Industrial Finance Corporation of India Limited to be formed and registered under the Companies Act, 1956 (1 of 1956);
     (c) "Corporation" means the Industrial Finance Corporation of India established under sub-section (1) of section 3 of the Industrial Finance Corporation Act, 1948 (15 of 1948).
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