Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997
Bare Act · 1997
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.
- Act number
- 7 of 1997
- Enacted
- 19 March 1997
- Contents
- 15 sections · 5 chapters
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Contents
Chapter I — Preliminary
Chapter II — Transfer And Vesting Of The Undertaking Of Reconstruction Bank In Company
- Section 3 – Undertakings of the Reconstruction Bank to vest in company
- Section 4 – General effect of vesting of undertaking in Company
- Section 5 – Provisions in respect of officers and other employees of Reconstruction 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 10 – Act 18 of 1891 to apply to the books of Company (preview)
- Section 11 – Shares, bonds and debentures to be deemed to be approved securities (preview)
- Section 12 – Substitution in Act, rules or regulations of company in place of the Reconstruction Bank (preview)
- Section 13 – Repeal and saving of Act 62 of 1984 (preview)
Sections
Chapter IV
- Section 14 – Repealed (preview)
- Section 15 – Repeal and Saving (preview)