Act Info:Preamble1 - SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA ACT, 1989
Chapter I
Section1 - Short title, extent and commencement
Section2 - Definitions
Chapter II
Section3 - Establishment and incorporation of Small Industries Development Bank of India
Section4 - Authorised capital
Section4A - Conversion of equity shares into redeemable preference shares
Section4B - Transfer of capital
Section4C - Issued capital
Section4D - Reduction of share capital
Section4E - Restriction on exercising of voting right
Chapter III
Section5 - Management
Section6 - Constitution of Board
Section7 - Omitted
Section8 - Disqualifications of Directors
Section9 - Vacation and resignation of office by Directors
Section10 - Omitted
Section11 - Omitted
Section12 - Executive Committee and other Committees
Section12A - Fees and allowances of Directors and members of committees
Chapter IV
Section13 - Business of Small Industries Bank
Section14 - Loans by Central Government
Section15 - Borrowings and acceptance of deposits by the Small Industries Bank
Section16 - Investment
Section17 - Power to transfer rights
Section18 - Power to acquire rights
Section19 - Loans in foreign currency
Section20 - Grants, donations, etc., to the Small Industries Bank
ChapterIVA - SHARES
Section20A - Free transferability of shares
Section20B - Register of shareholders
Section20C - Trust not to be entered on the register of shareholders
Section20D - Board's right to refuse registration of transfer of shares
Section20E - Shares to be securities under the Indian Trusts Act, 1882
Chapter IVB
Section20F - Annual general meeting
Section20G - Matters to be discussed and procedure in annual general meeting
Chapter V
Section21 - Small Industries Development Assistance Fund
Section22 - Credits to Small Industries Development Assistance Fund
Section23 - Utilisation of Small Industries Development Assistance Fund
Section24 - Debits to Small Industries Development Assistance Fund
Section25 - Accounts and audit of Small Industries Development Assistance Fund
Section26 - Liquidation of Small Industries Development Assistance Fund
Chapter VI
Section27 - Small Industries General Fund
Section28 - Preparation of accounts and balance-sheet
Section29 - Disposal of profits accruing to Small Industries General Fund
Section30 - Audit
Section31 - Saving [Omitted]
Chapter VII
Section32 - Transfer of part of business of Development Bank
Chapter VIII
Section33 - Staff of Small Industries Bank
Section34 - Delegation of powers
Section35 - Returns
Section36 - Obligations as to fidelity and secrecy
Section37 - Defects in appointment not to invalidate acts etc.
Section37A - Amounts and securities to be held in trust
Section38 - Rights of Small Industries Bank in case of default
Section39 - Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate
Section40 - Power to call for repayment before agreed period
Section41 - Special provisions for enforcement of claims by Small Industries Bank
Section42 - Small Industries Bank to have access to records
Section43 - Validity of loan or advance not to be questioned
Section44 - Indemnity of Directors
Section45 - Protection of action taken under this Act
Section46 - Nomination by depositors or holders of bonds or other securities
Section47 - Arrangement with Small Industries Bank on appointment of Directors to prevail
Section48 - Act 18 of 1891 to apply in relation to Small Industries Bank
Section49 - Act 10 of 1949 not to apply to Small Industries Bank
Section50 - Act 43 of 1961 not to apply to Small Industries Bank [Omitted]
Section51 - Liquidation of Small Industries Bank
Section51A - Power to make rules by Central Government
Section52 - Power to make regulations
Section53 - Amendment of certain enactments
Section54 - Power to remove difficulties
Schedule1 - THE FIRST SCHEDULE
Schedule2 - THE SECOND SCHEDULE