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CentralAct 23 of 1993

The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993

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.

Sections

12 in this Act

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