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 10: Shares, bonds and debentures to be deemed to be approved securities.
    Notwithstanding anything contained in any other law for the time being in force, the shares, bonds and debentures of the Company shall be deemed to be approved securities for the purposes of the Indian Trusts Act, 1882 (2 of 1982), the Insurance Act, 1938 (4 of 1938) 1***.
Notes:
1. The words and figures "and the Banking Regulation Act, 1949 (10 of 1949) omitted by Act 4 of 2013, s. 17 and The Schedule (w.e.f. 17-1-2013).
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