LawgistThe Industrial Development Bank (Transfer of Undertaking and Repeal) Act
6Concession, etc., to be deemed to have been granted to Company
With effect from the appointed day, all fiscal and other concessions, licences, benefits, privileges and exemptions granted to the Development Bank, in connection with the affairs and business of the Development Bank under any law for the time being in force shall be deemed to have been granted to the Company.
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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
