Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
1[4B. Transfer of share capital to Development Bank .--On such date as the Central Government
may, by notification in the Official Gazette, specify (hereinafter referred to as the specified date), all the
shares of every Financial Corporation subscribed by the Reserve Bank as on the date immediately
preceding the specified date, shall, stand transferred to, and vested in, the Development Bank.]
Download our fully-offline, High speed android app.- Click here
1. Ins. by Act 52 of 1975, s. 27 (w.e.f. 16-2-1976).