Section 4H:
Transfer of share capital to Small Industries Bank.
1[4H. Transfer of share capital to Small Industries Bank.--On such date as the Central Government
may, by notification in the Official Gazette, notify (hereinafter referred to as the notified date) all the
shares of every Financial Corporation subscribed by the Development Bank and the amount outstanding
in respect of loans in lieu of capital provided by the Development Bank as on the date immediately
preceding the notified date, shall stand transferred to, and vested in, the Small Industries Bank, such
transfer shall be at such rate and be paid in cash or such other manner as may be mutually agreed upon
between the Development Bank and the Small Industries Bank.]
Notes:
1. Ins. by Act 39 of 2000, s. 6 (w.e.f. 5-9-2000).