Section 7: Guarantee to be operative

Q: What does Section 7 of The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 (TIFCTURA) deal with?

Section 7 TIFCTURA pertains to "Guarantee to be operative". It is part of the The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993, a legislation enacted by the Parliament of India. Section 7 of The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 (TIFCTURA) governs guarantee to be operative. As verified on 19 May 2026.

Q: Is Section 7 TIFCTURA still in force?

Yes, Section 7 of the The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 is currently in force across the Republic of India.

Q: What is धारा 7 TIFCTURA?

धारा 7 TIFCTURA is the Devanagari Hindi reference for Section 7 of the The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993. Section 7 of The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 (TIFCTURA) governs guarantee to be operative. As verified on 19 May 2026.

Q: What is Dhara 7 TIFCTURA?

Dhara 7 TIFCTURA is the Roman Hindi reference for Section 7 of the The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993. "Dhara" means "Section" in Hindi. Section 7 of The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 (TIFCTURA) governs guarantee to be operative. As verified on 19 May 2026.

Q: How to cite Section 7 of The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993?

Cite as: "Section 7, The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 (TIFCTURA)" in legal briefs. For academic writing, use the BlueBook format: The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993, § 7 (India).

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Thursday, 21 May 2026

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Table of Contents

The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993

Chapter I — Full Text

Section 7

Guarantee to be operative

.-Any guarantee given for or in favour of the Corporation with respect to any loan, lease finance or other assistance shall continue to be operative in relation to the Company.