SECTION 81

FURTHER ISSUE OF CAPITAL

Insstitutions specified by Central Government for the purposes of clause(b) of the proviso to section 81(3)(b)

In exercise of the powers conferred by clause (b) of the proviso to clause (b) of sub-section (3) of section 81 of the Companies Act, 1956, the Central Government hereby specifies the following institutions for the purposes of the said clause namely:

i) The industrial Finance Corporation of India, established under the Industrial

Finance Corporation Act, 1948 (15 of 1948);

ii) The Life Insurance Corporation of India, established under the Life Insurance

Corporation Act, 1956 (31 of 1956);

iii) The Unit Trust of India, established under the Unit Trust of India Act 1963 (52 of 1963);

iv) The Industrial Development Bank of India, established under the Industrial

Development Bank of India Act, 1964 (18 of 1964);

v) The Industrial Credit and Investment Corporation Limited, a company registered

under the Companies Act, 1913 (7 of 1913)

vi) The Industrial Reconsjtruction Corporation of India established under the

Industrial Rekconsjtruction Bank of India Act 1984 (62 of 1984);

vii) The General Insurance Corporation of India, established under the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972)

viii) The National Insurance Company Limited, formed and registered under the Companies Act, 1956 (1 of 1956)

ix) The New India Assurance Company Limited, formed and registered under the

Companies Act, 1956 (1 of 1956);

x) The Oriental Fire and General Insurance Company Limited, formed and

registered under the Companies Act, 1956 (1 of 1956)

xi) The United Fire and General Insurance Company Limited, formed and registered under the Companies Act, 1956 (1 of 1956).

* NOTIFICATION NO. SO 2577, DATED 30-7-1977, AS SUPPLEMENTED BY SO 1328, DATED 8-5-1978 AND SO 2902, DATED 9-10-1987.