law: Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
  5. Concession, etc.,
  
  to be deemed to have been granted to the Company.-
  With effect from the
  
  appointed day, all fiscal and other concessions, licences, benefits, privileges
  
  and exemptions granted to the Corporation in connection with the affairs and business
  
  of the Corporation under any law for the time being in force shall be deemed to
  
  have been granted to the Company.