Amendment status not verified — confirm the current text below against the official source.
(1) The authorised capital of the Development Bank shall be two thousand crores of rupees divided into one hundred and fifty crores fully paid up equity shares of rupees ten each and subject to the provisions of section 4E, fifty crores of fully paid-up redeemable preference shares of rupees ten each. (2) The Development Bank may, from time to time, by a resolution in general meeting, increase the authorised capital to an amount not exceeding five thousand crores of rupees consisting of such number of equity shares and redeemable preference shares as it deems fit.]] Sections 4, 4A and 4B subs. by Act 52 of 1975, sec. 5, for section 4 (w.e.f. 16/02/1976). Subs. by Act 5 of 1995, sec. 3, for section 4 (w.r.e.f. 12/10/1994).