The Small Industries Development Bank of India Act, 1989
Central · 1989
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and incorporation of Small Industries Development Bank of India.
- S. 4Authorised capital.
- S. 4AConversion of equity shares into redeemable preference shares.
- S. 4BTransfer of capital.
- S. 4CIssued capital.
- S. 4DReduction of share capital.
- S. 4ERestriction on exercising of voting right.
- S. 5Management.
- S. 6Constitution of Board.
- S. 7[Omitted.].
- S. 8Disqualification of directors.
- S. 9Vacation and resignation of office by directors.
- S. 10[Omitted.].
- S. 11[Omitted.].
- S. 12Executive Committee and other committees.
- S. 12AFees and allowances of directors and members of committees.
- S. 13Business of Small Industries Bank.
- S. 14Loans by Central Government.
- S. 15Borrowings and acceptance of deposits by the Small Industries Bank.
- S. 16Investment.
- S. 17Power to transfer rights.
- S. 18Power to acquire rights.
- S. 19Loan in foreign currency.
- S. 20Grants, donations, etc., to the Small Industries Bank.
- S. 20AFree transferability of shares.
- S. 20BRegister of shareholders.
- S. 20CTrust not to be entered on the register of shareholders.
- S. 20DBoard's right to refuse registration of transfer of shares.
- S. 20EShares to be securities under the Indian Trusts Act, 1882.
- S. 20FAnnual general meeting.
- S. 20GMatters to be discussed and procedure in annual general meeting.
- S. 21Small Industries Development Assistance Fund.
- S. 22Credits to Small Industries Development Assistance Fund.
- S. 23Utilisation of Small Industries Development Assistance Fund.
- S. 24Debits to Small Industries Development Assistance Fund.
- S. 25Accounts and audit of Small Industries Development Assistance Fund.
- S. 26Liquidation of Small Industries Development Assistance Fund.
- S. 27Small Industries General Fund.
- S. 28Preparation of accounts and balance-sheet.
- S. 29Disposal of profits accruing to Small Industries General Fund.
- S. 30Audit.
- S. 31Saving.
- S. 32Transfer of part of business of Development Bank.
- S. 33Staff of Small Industries Bank.
- S. 34Delegation of powers.
- S. 35Returns.
- S. 36Obligations as to fidelity and secrecy.
- S. 37Defects in appointment not to invalidate acts, etc.
- S. 37AAmounts and securities to be held in trust.
- S. 38Rights of Small Industries Bank in case of default.
- S. 39Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate.
- S. 40Power to call for repayment before agreed period.
- S. 41Special provisions for enforcement of claims by Small Industries Bank.
- S. 42Small Industries Bank to have access to records.
- S. 43Validity of loan or advance not to be questioned.
- S. 44Indemnity of Directors.
- S. 45Protection of action taken under this Act.
- S. 46Nomination by depositors or holders of bonds or other securities.
- S. 47Arrangement with Small Industries Bank on appointment of directors to prevail.
- S. 48Act 18 of 1891 to apply in relation to Small Industries Bank.
- S. 49Act 10 of 1949 not to apply to Small Industries Bank.
- S. 50[Omitted.].
- S. 51Liquidation of Small Industries Bank.
- S. 51APower to make rules by Central Government.
- S. 52Power to make regulations.
- S. 53[Repealed].
- S. 54Power to remove difficulties.