State Financial Corporations Act : Payment of amount. Indian Bare Acts :

State Financial Corporations Act,1951

Act No : 63

Section : Payment of amount.

4C. Payment of amount. The Reserve Bank shall be given by the Development Bank, in cash, for the transfer to, and vesting in, the Development Bank of the shares of every Financial Corporation which have been subscribed by the Reserve Bank, an amount equal to the face value of the shares of the Financial Corporation so subscribed.]