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In force

The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

15 sections · As amended up to 2026-08

Sections

  1. I — PRELIMINARY
  2. 1Short title and commencement
  3. III — MISCELLANEOUS
  4. 2In section 34A, in sub-section (3), the words "the Development Bank" shall be omitted
  5. 3In section 42, in sub-section (1), in the Explanation , in clause (c), in sub-clause (ii), the words "or from the Development Bank" shall be omitted
  6. 4In section 45-I, in clause (bb), in sub-clause (iv), the item (a) shall be omitted
  7. 5In section 46C, in sub-section (2), clauses (a) and (b) shall be omitted
  8. 6Concession, etc., to be deemed to have been granted to Company
  9. 7Tax exemption or benefit to continue to have effect
  10. 8Guarantee to be operative
  11. 9Shares, bonds and debentures to be deemed to be approved securities
  12. 10Act to have overriding effect
  13. 11Application of other laws not barred
  14. 12Amendment to certain enactments
  15. 13Substitution in Acts, rules, regulations or notifications by Company in place of Development Bank
  16. 14Power to remove difficulties
  17. 15Repeal and saving of Act 18 of 1964