INDIA CODE
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Section 5, Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 [S1Z-74N]

As at 7 September 2026. In force from 9 October 1997.

In Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 [A11-4VW]. This text from 9 October 1997. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 5, Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 [S1Z-74N]. Machine: S1Z-74N.

5. Prohibition of the carrying on of business without licence.—No person shall undertake the carrying on of business except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to the carrying on of business undertaken by or on behalf of the Central Government or a State Government.

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Made under this section, or naming it (0)

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Cited by (1)

Section 55, Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 [S1Z-8PD], 9 October 1997, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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Section 5, Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 [S1Z-74N]