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Industrial Development Bank of India Act, 1964 [Repealed] Chapter 4

Title: Business of the Development Bank

State: Central

Year: 1964

.....bills of exchange and 7 [promissory notes made, drawn, accepted or endorsed by industrial concerns or by any person selling capitals goods manufactured by one industrial concern;] (c) subscribing to or purchasing stocks, shares, bonds or debentures of the Industrial Finance Corporation, any State Financial Corporation or 8 [any other financial institution whether within or outside India]. 2 [which may be approved by the Board in this behalf]; 9 [(ca) granting lines of creditor loans and advances to the Industrial Finance Corporation, any State Financial Corporation or any other financial institution 2 [which may be approved by the Board in this behalf], for the purpose of any business of such Corporation or institution]; (d) granting loans and advances to any industrial concern or subscribing to, or purchasing, or underwriting the issue of, stocks, shares, bonds or debentures of any industrial concern: Provided that nothing contained in this clause shall be deemed to preclude the Development Bank from granting loans or advances to, or subscribing to debentures of, industrial concern, 10 [the amounts outstanding thereon may be convertible at the option of the.....

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Industrial Development Bank of India Act, 1964 [Repealed] Repealing Act 1

Title: The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

State: Central

Year: 1964

.....shall be substituted, namely: '(h) "industrial concern in the small scale sector" 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 or by air or by ropeway or by lift; (vi) the generation, storage or distribution of electricity or any other form of energy; (vii) the maintenance, repair, testing or servicing of machinery or equipment of any description or vehicles or vessels or motor boats or trailers or tractors; (viii) assembling, repairing or packing any article with the aid of machinery or power; (ix) the setting up of, or development of, an industrial area or an industrial estate; (x) fishing or providing shore facilities for fishing or maintenance thereof; (xi) providing special or technical knowledge or other services for the promotion of industrial growth; (xii) providing engineering, technical, financial, management, marketing or other services or facilities for industry; (xiii) service industry such as altering, ornamenting, polishing,.....

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Industrial Development Bank of India Act, 1964 [Repealed] Chapter 2

Title: Establishment of the Industrial Development Bank of India and Capital Thereof

State: Central

Year: 1964

.....to the face value of the said subscribed capital. ] _ _____________________ 1 . Sections 4, 4A and 4B Substituted by Act 52 of 1975, sec. 5, for section 4. Section 4B - Payment of amount 1[4B. Payment of amount The Reserve Bank shall be given by the Central Government, in cash, for the transfer to, and vesting in, the Central Government of the issued capital of the Development Bank which has been subscribed by the Reserve Bank, an amount equal to the face value of the said subscribed capital. ] _ _____________________ 1 . Sections 4, 4A and 4B Substituted by Act 52 of 1975, sec. 5, for section 4. Section 4C - Issued capital 1[4C. Issued capital (1) The issued capital of the Development Bank of seven hundred and fifty-three crores of rupees which stands fully vested in and subscribed by the Central Government immediately before the commencement of the Industrial Development Bank of India (Amendment) Act, 1995 shall, on such commencement, stand divided into seventy-five crores and thirty lakh equity shares of rupees ten each. (2) The Board may, from time to time, increase the issued equity share capital of the Development Bank by allotment of shares to such.....

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Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 Chapter II

Title: Transfer and Vesting of the Undertaking of Development Bank in Company

State: Central

Year: 2003

.....the undertaking of the Development Bank has vested by virtue of this Act as it might have been enforced by or against the Development Bank if this Act had not been enacted and shall cease to be enforceable by or against the Development Bank. Section 5 - Provisions in respect of officers and other employees of Development Bank (1) Every officer or other employee of the Development Bank (except a director of the Board or the chairman and managing director or any whole-time director) serving in the employment immediately before the appointed day shall, in so far as such officer or other employee is employed in connection with the undertaking which has vested in the Company by virtue of this Act, become, as from the appointed day, an officer or, as the case may be, other employee of the Company and shall hold his office or service therein by the same tenure, at the same remuneration, upon the same terms and conditions, with the same obligations and with the same rights and privileges as to leave, leave fare concession, welfare scheme, medical benefit scheme, insurance, provident fund, other funds, retirement, voluntary retirement, gratuity and other benefits as he would have.....

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

Title: Development Assistance Fund

State: Central

Year: 1964

.....Assistance Fund shall be credited-- (a) all amount received for the purposes of that fund by way of loans, gifts, grants, donations or benefactions from Government or any other source; (b) repayments or recoveries in respect of loans, advances or other facilities granted from the fund; (c) income or profits from investments made from the fund; and (d) income 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.....

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Industries (Development and Regulation) Act, 1951 Chapter II

Title: The Central Advisory Council and Development Councils

State: Central

Year: 1951

.....undertakings in scheduled industries ; (b) persons employed in industrial undertakings in scheduled industries ; (c) consumers of goods manufactured or produced by scheduled industries; (d) such other class of persons including primary producers, as in the opinion of the Central Government, ought to be represented on the Advisory Council. (3) The term of office of, the procedure to be followed in the discharge of their functions by, and the manner of filling casual vacancies among, members of the Advisory Council, shall be such as may be prescribed. (4) The Central Government shall consult the Advisory Council in regard to-- (a) the making of any rules, other than the first rules to be made under sub-section (3) ; 1[***] and may consult the Advisory Council in regard to any other matter connected with the administration of this Act in respect of which the Central Government may consider it necessary to obtain the advice of the Advisory Council. ________________________ 1. Clause (b) omitted by Act 26 of 1953, Section 4 (w.e.f. 1st October, 1953). Section 6 - Establishment and constitution of Development Councils and their functions (1) The Central.....

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National Dairy Development Board Act, 1987 Chapter IV

Title: Powers and Functions of the National Dairy of Development Board

State: Central

Year: 1987

.....may be required, and the provisions of sub-sections (1) and (2) shall, so far as may be, apply in relation to that article or product, as if any reference therein to milk and milk products or to dairy and allied industries had been a reference to that article or product or service or activity. (4) Where the Central Government or the Government of any State considers that, having regard to the special expertise of the National Dairy Development Board and the needs of the public, it is necessary or advisable to entrust the National Dairy Development Board with any activity, other than that to which the foregoing sub-sections apply, it may, entrust such activity to the National Dairy Development Board, whereupon it shall be competent for the National Dairy Development Board to carry on such activity. (5) Without prejudice to the generality of the foregoing powers, it shall be competent for the National Dairy Development Board to participate, with the prior approval of the Central Government, in any other organisation, financially, managerially or in any other manner.

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National Dairy Development Board Act, 1987 Section 16

Title: Powers and Functions of National Dairy Development Board

State: Central

Year: 1987

.....may be required, and the provisions of sub-sections (1) and (2) shall, so far as may be, apply in relation to that article or product, as if any reference therein to milk and milk products or to dairy and allied industries had been a reference to that article or product or service or activity. (4) Where the Central Government or the Government of any State considers that, having regard to the special expertise of the National Dairy Development Board and the needs of the public, it is necessary or advisable to entrust the National Dairy Development Board with any activity, other than that to which the foregoing sub-sections apply, it may, entrust such activity to the National Dairy Development Board, whereupon it shall be competent for the National Dairy Development Board to carry on such activity. (5) Without prejudice to the generality of the foregoing powers, it shall be competent for the National Dairy Development Board to participate, with the prior approval of the Central Government, in any other organisation, financially, managerially or in any other manner.

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National Oilseeds and Vegetable Oils Development Board Act, 1983 Chapter II

Title: The National Oilseeds and Vegetable Oils Development Board

State: Central

Year: 1983

.....policy and programme of development of oilseeds and vegetable oils; (i) collecting statistics from growers of oilseeds, dealers in oilseeds, manufacturers of products of oilseeds and vegetable oils and such other persons and institutions as may be necessary on any matter relating to the oilseeds industry or vegetable oils industry and publishing the statistics so collected or portions thereof or extracts therefrom; (j) recommending the setting up and adoption of grade standards for oilseeds and their products and vegetable oils; (k) financing suitable schemes in consultation with the Central Government and the Governments of the States where oilseeds are grown on a large scale, so as to increase the production of oilseeds and to improve their quality and yields; and for this purpose evolving schemes for the award of prizes or grant of incentives to growers of oilseeds and the manufacturers of oilseeds products and vegetable oils and for providing marketing facilities for oilseeds products and vegetable oils; (l) assisting, encouraging, promoting, co-ordinating and financing agricultural technological industrial or economic research on oilseeds, their products and.....

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Small Industries Developement Bank of India Act, 1989 Chapter V

Title: Small Industries Development Assistance Fund

State: Central

Year: 1989

.....Assistance Fund shall be credited. (a) all amounts received for the purpose of that Fund by way of loans, gifts, grants, donations, benefactions or otherwise from Government or any other source; (b) repayments or recoveries in respect of loans, advances or other facilities granted from the Fund. (c) income or profits from investments made from the Fund; and (d) income 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 23. Section 23 - Utilisation of Small Industries Development Assistance Fund The Small Industries Bank may disburse or spend from the Small Industries Development Assistance Fund, any amount for such purposes as the Central Government may, on the recommendation of the1[Board], specify. ________________________ 1. Substituted by Act 7 of 2000, sec. 14, for "Development Bank" (w.e.f. 27-3-2000). Section 24 - Debits to Small Industries Development Assistance Fund (1) To the Small Industries Development Assistance Fund shall be debited- (a) such amounts as may from time to time be disbursed or spend under section 23; (b) such amounts.....

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