The Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997
Transfer and Vesting of The Undertaking of Reconstruction Bank in Company
3. Undertakings of the Reconstruction Bank to vest in company.-
On such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be transferred to, and vest in, the Company, the undertakings of Reconstruction Bank.