Public financial institutions.

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....nt Corporation of India Limited, a 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 Indus....

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....that no institution shall be so specified unless           (i) it has been established or constituted by or under any Central Act; or           (ii) not less than fifty-one per cent of the paid-up share capital of such institution is held or controlled by the Central Government.]     ....