Section 4B:
Transfer of share capital to Development Bank.
1[4B. Transfer of share capital to Development Bank .--On such date as the Central Government
may, by notification in the Official Gazette, specify (hereinafter referred to as the specified date), all the
shares of every Financial Corporation subscribed by the Reserve Bank as on the date immediately
preceding the specified date, shall, stand transferred to, and vested in, the Development Bank.]
Notes:
1. Ins. by Act 52 of 1975, s. 27 (w.e.f. 16-2-1976).