Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003
Bare Act · 2003
An Act to provide for the transfer and vesting of the undertaking of the Industrial Development Bank of India to, and in, the Company to be formed and registered as a Company under the Companies Act, 1956 to carry on banking business and for matters connected therewith or incidental thereto and also to repeal the Industrial Development Bank of India Act, 1964.
- Act number
- 53 of 2003
- Enacted
- 30 December 2003
- Contents
- 15 sections · 4 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — Preliminary
Chapter II — Transfer And Vesting Of The Undertaking Of Development Bank In Company
- Section 3 – Undertaking of Development Bank to vest in Company
- Section 4 – General effect of transfer and vesting of undertaking
- Section 5 – Provisions in respect of officers and other employees of Development Bank
Chapter III — Miscellaneous
- Section 6 – Concession, etc., to be deemed to have been granted to Company (preview)
- Section 7 – Tax exemption or benefit to continue to have effect (preview)
- Section 8 – Guarantee to be operative (preview)
- Section 9 – Shares, bonds and debentures to be deemed to be approved securities (preview)
- Section 11 – Application of other laws not barred (preview)
- Section 12 – Amendment to certain enactments (preview)
- Section 13 – Substitution in Acts, rules, regulations or notifications by Company in place of Development Bank (preview)
- Section 14 – Power to remove difficulties (preview)
- Section 15 – Repeal and saving of Act 18 of 1964 (preview)