Amendment status not verified — confirm the current text below against the official source.
(1) The-State Development B Bank shall constitute a. Credit Stabilization Fund for the paarpene! a 4 . esabling il to.discharge its obligations in the event. of postponement of repayment of loans or of instalments of loans: or tii) meeting the obligations of Sinking Fund arising as a consequence of total or partial "* failure of crops on account of dréight or any other natural calaznity: or . tH) enabling it to discharge its obligations j in the event of default by. a member due to loss caused by a natural calamity in products of Rural and Cottage Industries as described by the National Bank. éivii any other purpose as determined by the Registrar. (2) The State Development Bank and the District Development Banks shall contribute to the - Fund at such rates and maintain and utilise it in such manner as may. be determined by the Registrar. (31 The State Development Bank may receive contributions io the Fund made from time to time from any person or the Central Government and the State Government. . It. The State Development Bank shali, subject to the approval of the Trustee, make regulations _ mit inconsistent with the provisiens of this Chapter— - 4a). for fixing the period of debentures. or bonds or déposits and the rate of interest payable therean: . es {by for calling in debentures or bonds after giving notice to debenture or bond hokder, as the case may he: (c} for the issue of new debenture or bonds in place of debentures or bonds damaged or destroyed and fixing the fee for such issue; Guarantee Fund. Power of State Develepmeat ‘Bank to make Veguiations for the purpese of this. Chapter. (a) (2) fear oy deed & we at a fies one al ee el fede ot sweat & sat ara wt Hf dohafia wet & fog, ah AMT: Fa steer & sade a aralfan ae a few, Fae 3—TM aad aie,