Bare ActsIndustrial Development Bank of India Act, 1964

Section 4B

Payment of amount

Amendment status not verified — confirm the current text below against the official source.

The Reserve Bank shall be given by the Central Government, in cash, for the transfer to, and vesting in, the Central Government of the issued capital of the Development Bank which has been subscribed by the Reserve Bank, an amount equal to the face value of the said subscribed capital.] Sections 4, 4A and 4B subs. by Act 52 of 1975, sec. 5, for section 4 (w.e.f. 16/02/1976).