The National Bank for Agriculture and Rural Development Act, 1981
Central · 1981
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and incorporation of National Bank for Agriculture and Rural Development.
- S. 4Capital.
- S. 5Management.
- S. 6Board of Directors.
- S. 7Term of office of Chairman and other directors, retirement and payment of fees.
- S. 8Term of office of Managing Director and whole-time directors, conditions of service, etc.
- S. 9Disqualifications.
- S. 10Vacation and resignation of office by directors.
- S. 11Casual vacancy in the office of Managing Director.
- S. 12Meetings of Board.
- S. 13Committees of National Bank.
- S. 14Advisory Council.
- S. 15Member of Board or Committee thereof not to participate in meetings in certain cases.
- S. 16Transfer of assets and liabilities of Agricultural Refinance and Development Corporation.
- S. 17Dissolution of the Corporation and repeal of Act 10 of 1963.
- S. 18Transfer of business from Reserve Bank.
- S. 19Borrowings by the National Bank.
- S. 20Borrowings in foreign currency.
- S. 21Production and marketing credit.
- S. 22Conversion loan for production credit.
- S. 23Rescheduling of loans to artisans, small-scale industries, etc.
- S. 24Investment credit--medium term.
- S. 25Other investment credit.
- S. 26Purchase and sale of shares.
- S. 27Loans to State Governments for share capital contribution.
- S. 27ALoans to State Government, undertakings, etc.
- S. 28Security for credit.
- S. 29Amounts and securities to be held in trust.
- S. 30Direct loans.
- S. 30ABills rediscounting.
- S. 31Commission.
- S. 32Issue of guarantees.
- S. 33Power to impose conditions for accommodation.
- S. 34Power to call for repayment before agreed period.
- S. 35National Bank to have access to records.
- S. 36Validity of loan or advance not to be questioned.
- S. 37National Bank not to grant loans or advances against its own bonds or debentures.
- S. 37AProhibited business.
- S. 38Other functions of National Bank.
- S. 38APromotion of subsidiaries.
- S. 38BSecuritisation of debt.
- S. 38CExemption from compulsory registration.
- S. 39Incidental powers.
- S. 40Deposits and investments.
- S. 41Credit information.
- S. 42National Rural Credit (Long Term Operations) Fund.
- S. 43National Rural Credit (Stabilisation) Fund.
- S. 44Research and Development Fund.
- S. 45Reserve Fund and other Funds.
- S. 46Preparation of balance-sheet, etc., of National Bank.
- S. 47Disposal of surplus.
- S. 48Audit.
- S. 49Returns.
- S. 50Staff of National Bank.
- S. 51Obligation as to fidelity and secrecy.
- S. 52Defects in appointment not to invalidate acts, etc.
- S. 52AAgreement with National Bank on appointment of directors to prevail.
- S. 53Protection of action taken under the Act.
- S. 54Indemnity of directors.
- S. 55[Omitted].
- S. 56Penalties.
- S. 57Offences by companies.
- S. 58Bankers' Books Evidence Act, 1891, to apply in relation to National Bank.
- S. 59Liquidation of National Bank.
- S. 60Power of Board to make regulations.
- S. 61[Repealed.].
- S. 62Power to remove difficulty.