Bare Act Search Results

Industrial Development Bank of India Act, 1964 [Repealed] Section 17

Title: Debits to Development Assistance Fund

State: Central

Year: 1964

(1) To the Development Assistance Fund shall be debited-- (a) such amounts as may from time to time be disbursed or spent under sub-sections (1) to (3) of section 16; (b) such amount as may be required for discharging the liabilities in respect of loans received for the purposes of that fund; (c) any loss arising on account of investment made out of that fund; and (d) such expenditure arising out of, or in connection with, the administration and application of the fund as may be determined by the Board. (2) No amount shall be debited to the Development Assistance Fund except as provided for in sub-section (1).

Industrial Development Bank of India Act, 1964 [Repealed] Chapter 5

Title: Development Assistance Fund

State: Central

Year: 1964

.....accruing or arising to the fund, by way of interest or otherwise, on account of the application of the fund in accordance with the provisions of section 16. Section 16 - Utilisation of Development Assistance Fund (1) Where the Development Bank considers it necessary or desirable soto do, it may, subject to the provisions of sub-sections (2) and (3), disburseor spend from the Development Assistance Fund any amount on account or inconsequence of the grant of any loan or advance, or on account or inconsequence of entering into any arrangement, under clause (d) or clause (e) orclause (f) or clause (g) of sub-section (1) of section 9: Provided thatbefore granting any such loan or advance to an industrial concern or enteringinto any such arrangement with or in relation to an industrial concern, theDevelopment Bank shall obtain the prior approval of the Central Government. 1 [(1A) Where the Development Bank considers itnecessary or desirable so to do, it may, subject to the provisions ofsub-sections (2) and (3), disburse or spend from the Development AssistanceFund any amount for one or more of the purposes specified in clause (1) orclause (m) of sub-section (1) of section.....

Industrial Development Bank of India Act, 1964 Complete Act

State: Central

Year: 1964

.....for providing credit and other facilities for the development of industry and for matters connected therewith and further to amend certain enactments. Be it enacted by Parliament in the Fifteenth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Industrial Development Bank of India Act, 1964.- (2) It extends2to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification3in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. SECTION 02: DEFINITIONS - In this Act, unless the context otherwise requires,- (a) "Board" means the Board of Directors of the Development Bank; (b) "Development Bank" means the Industrial Development Bank of India established under section 3-; [(c) "Industrial concern" means any concern engaged or to be engaged in,- (i) the manufacture, preservation or processing of goods; (ii) shipping; [(iii) mining including development of mines,] (iv) the hotel industry. (v) the transport of passengers or goods by road or by water or4[by air or by ropeway or by lift]; [(vi) the generation,.....

Industrial Development Bank of India Act, 1964 [Repealed] Chapter 6

Title: General Fund, Accounts and Audit

State: Central

Year: 1964

.....or information from the Board or any officer or other employee ofthe Development Bank whether it has been given and whether it is satisfactory. (5)The Development Bank shall furnish to the 2 [CentralGovernment] 3 [within one month from the date on which the annualgeneral meeting is held] a copy of itsbalance-sheet and accounts together with a copy of the auditors' report and areport of the working of the Development Bank during the relevant year, and 4 [ theCentral Government shall, as soon as may be after they are received by it,cause the same to be laid before each House of Parliament]; (6) Without prejudice to anything contained in thepreceding sub-sections, the Central Government may at any time appoint theComptroller and Auditor-General of India to examine and report upon theaccounts of the Development Bank and any expenditure incurred by him inconnection with such examination and report shall be payable by the DevelopmentBank to the Comptroller and Auditor-General of India. ______________________ 1. Substituted by Act 5 of 1995, sec. 18, for sub-section(1) (w.r.e.f. 12-10-1994). 2. Substituted byAct 52 of 1975, sec. 15, for "Reserve Bank". 3......

Industrial Development Bank of India Act, 1964 [Repealed] Section 20

Title: General Fund

State: Central

Year: 1964

All receipts of the Development Bank other than those which are to be credited the Development Assistance Fund under this Act shall be credited to a fund to be called the General Fund and all payments by the Development Bank, other than those which are to be debited to the Development Assistance Fund, shall be made out of the General Fund.

Industrial Development Bank of India Act, 1964 [Repealed] Complete Act

Title: Industrial Development Bank of India Act, 1964 [Repealed]

State: Central

Year: 1964

..... Section4E - Conversion of equity shares into redeemable preference shares Chapter 3 Section5 - Management Section6 - Constitution of Board Section6A - Omitted Section6B - Disqualification of directors Section6C - Vacation of office by director Section7 - Executive Committee and other Committees Section8 - Fees and allowances of directors and members of committees Chapter 4 Section9 - Business of Development Bank Section9A - Prohibited business Section10 - Loans by Central Government Section11 - Borrowings and acceptance of deposits by Development Bank Section11A - Power to transfer right Section11B - Power to acquire rights Section12 - Loans in foreign currency Section13 - Grants, donations, etc. to Development Bank Chapter4A - SHARES Section13A - Free transferability of shares Section13B - Register of shareholders Section13BA - Register of beneficial owners Section13C - Trust not to be entered on the register of shareholders Section13D - Board's right to refuse registration of transfer of shares Section13E - Shares to be securities under the Indian Trusts Act, 1882 Chapter 4B Section13F - Annual general meeting Section13G - Restriction on.....