Section 3. Establishment and incorporation

3. Establishment and incorporation. —(1) The Central Government shall constitute a Corporation called the Rehabilitation Finance Administration for giving financial assistance on reasonable terms to displaced persons to enable them to settle in business and industry[5] [or to any business or industry, a substantial portion of which is owned by displaced persons]. (2) The Corporation shall be a body corporate by the name of the Rehabilitation Finance Administration having perpetual succession and a common seal, with power, subject to the provisions of 1. Subs. by Act 1 of 1950, s. 2, for sub-section (2) (w.e.f. 18-2-1950).