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| Article Name : | | | SECURITY LEVEL OF INVESTORS IN IFCI LTD. | | Author Name : | | | Ganesh Bhatt | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-3563 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | IFCI was established in the year 1948 by an Act of Parliament to provide institutional finance for industrial development in the country. It was subsequently corporatized in July 1993 after passing of the Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 by the Parliament of India. Since its inception, IFCI has been meeting the changing requirements of the clients through various schemes and financial products. As the first development financial institution of India, IFCI has been instrumental in development of industry in the country in the immediate post-independence period when the Indian capital market was not developed and banks were not in a position to provide long term assistance. Initially, the funding of its resources was from Reserve Bank of India, Government of India, Bonds guaranteed by Government of India and from international multilateral agencies. Post-corporatization, the resources are being mobilized from the market through equity, bonds and loans. IFCI, at present, is a non-banking financial company as per the Reserve Bank of India Act, 1949. IFCI is also a notified public financial institution under Section 4A of the Companies Act, 1956. The present study aims at finding out the status of security of shareholder's investment in IFCI Ltd. | | Keywords : | | |
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