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Industrial Finance Corporation Act, 1948

Sections

1 Short title, extent and commencement View Details
10Board of DirectorsView Details
10AChairman of the BoardView Details
11Term of office and retirement of DirectorsView Details
12DisqualificationView Details
13Removal of Director from officeView Details
13ACasual vacancy of ChairmanView Details
14The Industrial Finance Corporation Act, 1948View Details
15Advisory CommitteesView Details
16Staff of CorporationView Details
17Meetings of the BoardView Details
18 Offices and agenciesView Details
19Deposit AccountsView Details
2 InterpretationView Details
20 Investment of fundsView Details
21Bonds and debentures to be approved securitiesView Details
21Power to acquire rightsView Details
21Borrowing PowersView Details
21BPower to transfer rightsView Details
21BPower to transfer rightsView Details
22Deposits with the CorporationView Details
23Business which the Corporation may transactView Details
25Power to impose conditions for accommodationView Details
26 Prohibited businessView Details
27Loans in foreign currencyView Details
28Rights of Corporation in case of defaultView Details
29Power to call for repayment before agreed periodView Details
3Establishment and incorporation of CorporationView Details
30 Special provisions for enforcement of claims by the CorporationView Details
30Effect of notified order appointing DirectorsView Details
30No right to compensation for termination contract of managing agentsView Details
30APower of Corporation to appoint Directors of an industrial concern when management is taken overView Details
30CPowers and duties of DirectorsView Details
30EApplication of Act 1 of 1956View Details
31Act 18 of 1891 to apply to the books of the CorporationView Details
32Special reserve fundView Details
32Disposal of profitsView Details
32BBenevolent reserve fundView Details
33General meetingsView Details
34 Appointment of local auditorsView Details
34AuditView Details
35ReturnsView Details
36 Acquisition of shares by the Central GovernmentView Details
37Liquidation of CorporationView Details
38Indemnity of DirectorsView Details
38AProtection of action taken by Directors appointed under sections 25and 30AView Details
39 Declaration of fidelity and secrecyView Details
4Share capital and share - holdersView Details
40 Delegation of powersView Details
40Provision relating to income-tax and super taxView Details
40BRemoval of difficultiesView Details
41 OffencesView Details
41AEffect of Act on other lawsView Details
42Power of Central Government to make rulesView Details
43Power of Board to make regulationsView Details
4ATransfer of shares and increase of capitalView Details
5Guarantee by Central GovernmentView Details
5AShares of the Corporation to be deemed to be securities for certain purposesView Details
6 ManagementView Details
7Powers of Executive CommitteeView Details
8The Industrial Finance Corporation Act, 1948View Details
9The Industrial Finance Corporation Act, 1948View Details

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