Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act : DEFINITIONS Indian Bare Acts :

Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act,1983

Act No : 48

Section : DEFINITIONS

SECTION 02: DEFINITIONS

(1) In this Act, "public financial institution" means

(a) the Industrial Credit and Investment Corporation of India Limited, a company formed and registered under the Indian Companies
Act, 1913;

(b) the Industrial Reconstruction Corporation of India Limited, a company formed and registered under the Companies Act, 1956-; or

(c) any other institution, being a company as defined in section 617 of the Companies Act, 1956-or a company to which the provisions of section 619-of that Act apply, which the Central Government may, having regard to the nature of the business carried on by such institution, by notification in the Official Gazette, specify to be a public financial institution for the purposes of this Act.

(2) Every notification issued under Cl. (c) of sub-section (1) shall, as soon as may be, after it is issued, be laid before each House of Parliament.