Section 12. Substitution in Act, rules or regulations of company in place of the Reconstruction Bank

In every Act, rule or regulation in force on the appointed day,--

(a) for the words "Industrial Reconstruction Bank of India", wherever they occur, the words "Industrial Investment Bank of India Limited" shall be substituted;

(b) for the words "Reconstruction Bank", wherever they occur, the words "Industrial Investment Bank" shall be substituted.