Industrial Development Bank (Transfer of Undertaking and Repeal) Act,2003 |
Act No : 53 of 2003 |
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Contents of Act: |
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SECTION(CHAPTER I) PRELIMINARY | |
SECTION(1.) Short title and commencement. | |
SECTION(2.) Definitions. | |
SECTION(CHAPTER II) TRANSFER AND VESTING OF THE UNDERTAKING OF DEVELOPMENT BANK IN COMPANY | |
SECTION(3.) Undertaking of Development Bank to vest in Company. | |
SECTION(4.) General effect of transfer and vesting of undertaking. | |
SECTION(5.) Provisions in respect of officers and other employees of Development Bank. | |
SECTION(CHAPTER III) MISCELLANEOUS | |
SECTION(6.) Concession, etc., to be deemed to have been granted to Company. | |
SECTION(7.) Tax exemption or benefit to continue to have effect. |