Industrial Development Bank (Transfer of Undertaking and Repeal) Act,2003

Act No : 53

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Section : PRELIMINARY

THE INDUSTRIAL DEVELOPMENT BANK (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2003NO. 53 OF 2003[30th December, 2003.]An Act to provide for the transfer and vesting of the undertaking of the Industrial Development Bank of India to, and in, the Company to be formed and registered as a Company under the Companies Act, 1956 to carry on banking business and for matters connected therewith or incidental thereto and also to repeal the Industrial Development Bank of India Act, 1964.BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows:-CHAPTER IPRELIMINARY

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