Public financial institutions.

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..... company formed and registered under the Indian Companies Act, 1913 (7 of 1913); (ii) the Industrial Finance Corporation of India, established under section 3 of the Industrial Finance Corporation Act, 1948 ( 15 of 1948); (iii) the Industrial Development Bank of India, established under section 3 of the Industrial Development Bank of India Act, 1964 (18 of 1964); (iv) the Life .....

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..... fifty-one per cent of the paid-up share capital of such institution is held or controlled by the Central Government.] ------------------------------ Note:- [1] Inserted by the Companies (Amendment) Act, 1974, 41 of 1974, section 3, w.e.f. 1-2-1975. [2] Substituted by section 18 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002) for t .....

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