The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997

Law Financial services Law

Date: 26th Oct, 2024 Source: India Code Country: India Original Source

Brief

"The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997" is an Act of Parliament that provides for the transfer and vesting of the undertakings of the Industrial Reconstruction Bank of India to and in a company formed under the Companies Act, 1956. The Act repeals the Industrial Reconstruction Bank of India Act, 1984, and makes certain provisions regarding the transfer of employees, concessions, and guarantees.

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India Code

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