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(1) As from the appointed day, the Financial
Corporation constituted under the State Financial Corporations Act, 1951 (63 of 1951), for the State of
Andhra Pradesh shall be deemed to have been constituted for that State with its area as altered by the
provisions of Part II of this Act.
(2) As from the appointed day, the Madras Industrial Investment Corporation constituted for the State
of Madras shall be deemed to have been constituted for that State with its area as altered by the provisions
of Part II of this Act.
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