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LAWGIST

The Industrial Development Bank (Transfer of Undertaking and Repeal) Act

# 8    Guarantee to be operative

Any guarantee given for or in favour of the Development Bank with respect to any loan, lease, finance or other assistance shall continue to be operative in relation to the Company.

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MISCELLANEOUS
  • 6
     Concession, etc., to be deemed to have been granted to Company
  • 7
     Tax exemption or benefit to continue to have effect
  • 9
     Shares, bonds and debentures to be deemed to be approved securities
  • 10
     Act to have overriding effect
  • 11
     Application of other laws not barred
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