Appendix 25

LIST OF FINANCIAL INSTITUTIONS APPROVED UNDER SECTION 108(1C) OF THE COMPANIES ACT, 1956

List of Financial Institutions approved under section 108(1C)

1. GSR. 900, dt 4‑6‑1966

(1) Any banking company (other than a scheduled bank) as defined in section 5(c) of the Banking Regulation Act, 1949 (10 of 1949).

(2) Any co‑operative bank as defamed in section 2(b)(ii) of the Reserve Bank of India Act, 1934 (2 of 1934).

(3) The Industrial Development Bank of India (set up under the Industrial Development Bank of India Act, 1934).

2. GSR. 1499, dt 24‑9‑1966

(4) The Industrial Finance Corporation‑set up under the Industrial Finance Corporation Act, 1948.

(5) All State Financial Corporations (set up under the State Financial Corporation Act, 1951).

(6) The Industrial Credit and Investment Corporation of India Limited, Bombay.

(7) The Madras Industrial Investment Corporation Ltd., Madras.

(8) The International Finance Corporation, Washington (USA).

(9) Life Insurance Corporation of India.

(10) The New India Assurance Company Ltd., Bombay.

(11) The Oriental Fire and General Insurance Company Ltd., Bombay.

(12) The India Guarantee and General Insurance Company Ltd., Bombay.

(13) The Hercules Insurance Company Ltd.

3. GSR. 1918, dt. 12‑12‑1966

(14) Advance Insurance Company Ltd., Bombay.

4. GSR. 609, dt. 14‑4‑1967

(15) Co‑operative Assurance Company Ltd.

(16) Great Pyramid Insurance Company Limited, Calcutta.

(17) Sundaram. Finance Ltd., Madras.

(18) National Insurance Company Ltd., Calcutta.

(19) Calcutta Insurance Limited, Calcutta.

5. GSR 1444, dt. 4‑9‑1967

(20) British India General Insurance Company Ltd.

6. GSR. 789, dt. 19‑4‑1968

(21) Madras Motor and General Insurance Company Ltd.

7. GSR. 2182, dt. 19‑8‑1969

(22) New Great Insurance Company of India Ltd.

8. GSR. 2762, dt. 9‑12‑1969

(23) Jupiter General Insurance Company Ltd.

9. GSR. 299, dt. 21‑2‑1970

(24) Hindustan Ideal Insurance Co. Ltd.

10. SO 297, dt. 15‑1‑1979

(25) Unit Trust of India, established under the Unit Trust of India Act, 1963.

11. GSR. No. 114(E), dt. 22‑2‑1989.

(26) Risk Capital and Technology Finance Corporation Limited.

12. SO 2033, dt. 7‑8‑1980

(27) The Housing Development Finance Corporation.

13. GSR. 6(E), dt. 3‑1‑1990.

(28) Tourism Finance Corporation of India Limited.

14. GSR. 938(E), dt. 22‑12‑1992.

(29) Small Industries Development Bank of India (Established under the Small Industries Development Bank of India Act, 1989).