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

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, 1. The words and figures "and the Banking Regulation Act, 1949(10 of 1949)" shall be omitted by Act 4 of 2013, s. 17 and the Schedule (w.e.f. 18-1-2013). (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.