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 12: Repeal and saving.
    (1) The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Ordinance, 1993 (Ord. 5 of 1993) is hereby repealed.
     (2) Notwithstanding the repeal of the Industrial Finance Corporation (Transfer of Undertaking and Repeal) Ordinance, 1993 (Ord. 5 of 1993), anything done or any action taken under the said Ordinance, shall be deemed to have been done or taken under the corresponding provisions of this Act.
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