LawgistThe Industrial Development Bank (Transfer of Undertaking and Repeal) Act
15Repeal and saving of Act 18 of 1964
(1) On the appointed day, the Industrial Development Bank of India Act, 1964, shall stand repealed.
(2) Notwithstanding the repeal of the Industrial Development Bank of India Act, 1964, the provisions of section 30A of the Act so repealed will continue to be applicable in respect of the arrangement entered into by the Development Bank with an industrial concern up to the appointed day and the Company will be entitled to act upon and enforce the same as fully and effectually as if this Act has not been enacted.
Download our fully-offline, High speed android app.- Click here
MISCELLANEOUS
- 6 Concession, etc., to be deemed to have been granted to Company
- 7 Tax exemption or benefit to continue to have effect
- 8 Guarantee to be operative
- 9 Shares, bonds and debentures to be deemed to be approved securities
- 10 Act to have overriding effect
- 11 Application of other laws not barred
- 12 Amendment to certain enactments
- 13 Substitution in Acts, rules, regulations or notifications by Company in place of Development Bank
- 14 Power to remove difficulties
- 15 Repeal and saving of Act 18 of 1964
