Section 25(5) in The State Financial Corporations Act, 1951
(5)If, on the commencement of the State Financial Corporations (Amendment) Act, 1972 (77 of 1972), any Financial Corporation is holding shares in excess of the limits specified in sub-section (4), the Corporation shall report the matter forthwith to the Reserve Bank and shall, within such period as the Reserve Bank may allow, so reduce its share holdings as to conform to the provisions of that sub-section.] [ Inserted by Act 77 of 1972, Section 15 (w.e.f. 30-12-1972).][25-A. Power to acquire rights.-The Financial Corporation shall have the right to acquire, by transfer or assignment, the rights and interests of any such financial institution as may be notified by the Central Government (including any other rights incidental thereto) in relation to any loan or advance granted or any amount recoverable by such institution, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument by endorsement or in any other manner:Provided that such loan or advance or amount relates to any business which the Financial Corporation may transact under this Act.][25-B. Gifts, grants, etc.-The Financial Corporation may receive gifts, grants, donations or benefactions from Government or any other source.]
