Tuesday, 8 September 2026

Law on Tips(LOTS)India's Premier Legal News

⌘K

Home
The Bar Room
The Gazette
The Library
Legal League
Columns
Interviews

⚖

Loading…

Law on Tips.

A free Indian legal platform. Bringing you the latest judgments, legislative updates, and in-depth legal analysis from the Supreme Court, High Courts, and Tribunals.

© 2026 Law on Tips Media Pvt Ltd.

Explore

The Bar Room
The Gazette
The Library
Compare Acts
Legal League
Columns

Trust & Standards

About Us
Editorial Policy
Fact-Checking
Corrections
Methodology
Ownership
Masthead
Privacy Policy
Terms of Use
Contact

Subscribe

Get the latest legal news delivered to your inbox daily.

Bar News Acts League

Table of Contents

The Industrial Finance Corporation of India Act, 1948

Chapter I — Full Text

Section 24

Annual report

Annual report.

Related Sections

Business which the Corporation may transact .- [[*] [The Corporation shall, subject to the provisions of this Act, be authorised to carry on and transact the following kinds of business, namely:-] [ Substituted by Act 66 of 1960, Section 5, for sub-S. (1).]

Power to impose conditions for accommodation

Short title, extent and commencement .-(1) This Act may be called the Industrial Finance Corporation Act, 1948

Interpretation .-In this Act, unless there is anything repugnant in the subject or context,

Establishment and incorporation of Corporation .-(1) A Corporation to be called the Industrial Finance Corporation of India shall be established for the purposes of this Act

Share capital and share-holders .-(1) The authorised capital of the Corporation shall be ten crores of rupees divided into twenty thousand fully paid-up shares of five thousand rupees each of which ten thousand shares of the total value of five crores of rupees shall be issued in the first instance, and the remaining shares may be issued with the sanction of the Central Government from time to time as and when the Corporation may deem fit

Judgments linked to Section 24

Printed from Law on Tips • The Industrial Finance Corporation of India Act, 1948

PreviousSection 23

Table of Contents

The Industrial Finance Corporation of India Act, 1948

Chapter I — Full Text

Section 24

Annual report

Annual report.

Related Sections

Business which the Corporation may transact .- [[*] [The Corporation shall, subject to the provisions of this Act, be authorised to carry on and transact the following kinds of business, namely:-] [ Substituted by Act 66 of 1960, Section 5, for sub-S. (1).]

Power to impose conditions for accommodation

Short title, extent and commencement .-(1) This Act may be called the Industrial Finance Corporation Act, 1948

Interpretation .-In this Act, unless there is anything repugnant in the subject or context,

Establishment and incorporation of Corporation .-(1) A Corporation to be called the Industrial Finance Corporation of India shall be established for the purposes of this Act

Share capital and share-holders .-(1) The authorised capital of the Corporation shall be ten crores of rupees divided into twenty thousand fully paid-up shares of five thousand rupees each of which ten thousand shares of the total value of five crores of rupees shall be issued in the first instance, and the remaining shares may be issued with the sanction of the Central Government from time to time as and when the Corporation may deem fit

Judgments linked to Section 24

Printed from Law on Tips • The Industrial Finance Corporation of India Act, 1948

PreviousSection 23