Section 7:
Guarantee to be operative.
Any guarantee given for or in favour of the Corporation with respect
to any loan, lease finance or other assistance shall continue to be operative in relation to the Company.
23/1993 - The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 ▶
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