Act Number: 7

Act Name: The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997

Year: 1997

Enactment Date: 1997-03-19

Long Title: An Act to provide for the transfer and vesting of the undertakings of the Industrial Reconstruction Bank 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 Reconstruction Bank of India Act, 1984.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 15: Repeal and Saving.
    (1) The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Ordinance, 1997 (Ord. 7 of 1997) is hereby repealed.
     (2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed, shall tie deemed to have been done or taken under the corresponding provisions of this Act.
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