law: State Financial Corporations Act, 1951 
  46. Power to apply Act to certain financial institutions
  
  in existence at commencement of Act 
  (1) The Central Government may by notification in the Official
  
  Gazette, direct that all or any of the provisions of this Act shall, subject to
  
  such exceptions and restrictions as may be specified, apply to 2[any
  
  institution established by a State Government] which has for its object the
  
  financing of industrial concerns, and on the issue of such notification, the
  
  institution shall be deemed to be a Financial, Corporation established by the
  
  State Government for the State within the meaning of this Act, and the
  
  provisions of this Act shall become applicable thereto according to the tenor
  
  of the notification:
  3[PROVIDED that no notification shall be issued under
  
  this sub-section in respect of any institution unless a request is made in that
  
  behalf by the State Government concerned.]
  (2) Any notification issued under sub-section (1) may suspend
  
  the operation of any enactment applicable to any such institution immediately
  
  before the issue of the notification.