Section List

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 NumberTitleActions
1 Short title and commencement.
2 Definitions.
3 Undertaking of the Corporation to vest in the company.
4 General effect of vesting of undertaking in the Company.
5 Concession, etc., to be deemed to have been granted to the Company.
6 Tax exemption or benefit to continue to have effect.
7 Guarantee to be operative.
8 Provisions in respect of officers and other employees of Corporation.
9 Act 18 of 1891 to apply to the books of the Company.
10 Shares, bonds and debentures to be deemed to be approved securities.
11 Repeal and saving of Act 15 of 1948.
12 Repeal and saving.
Scroll to Top