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Industrial Development Bank of India Act, 1964 [Repealed] Chapter 4

Title: Business of the Development Bank

State: Central

Year: 1964

.....by Act 5 of 1995, sec. 12, for "which may be notified by the Central Government in this behalf (w.r.e.f. 12-10-1994). 3. Certain words Inserted by Act 75 of 1972, sec. 3 and omitted by Act 52 of 1975, sec. 11. 4. Substituted by Act 75 of 1972, sec. 3, for "on the expiry of not less than three years and not more than twenty-five years". 5. Substituted by Act 75 of 1972, sec. 3, for "on the expiry of not less than three years and not more then ten years". 6. Substituted by Act 75 of 1972, sec. 3, for "and are repayable on the expiry of not less than six months and not more than ten years". 7. Substituted by Act 75 of 1972, sec. 3, for "promissory notes of industrial concerns". 8. Substituted by Act 75 of 1972, sec. 3, for "any other financial institution". 9. Inserted by Act 35 of 1986, sec. 7. 10. Substituted by Act 75 of 1972, sec. 3, for "which may at the option of the Development Bank be convertible". 11. Inserted by Act 75 of 1972, sec. 3. 12.Substituted by Act 35 of 1986, sec. 7. 13. Substituted by Act 52 of 1975, sec. 11, for "on the recommendation of". 14. The words "on the recommendation of the Reserve Bank" omitted by Act 52 of 1975, sec. 11. .....

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Industrial Development Bank of India Act, 1964 [Repealed] Repealing Act 1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

.....INDUSTRIAL DEVELOPMENT BANK (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2003 The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [Act, No. 53 of 2003] [30th December, 2003] PREAMBLE An Act to provide for the transfer and vesting of the undertaking of the Industrial Development Bank of India to, and in, the Company to be formed and registered as a Company under the Companies Act, 1956 to carry on banking business and for matters connected therewith or incidental thereto and also to repeal the Industrial Development Bank of India Act, 1964. BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows:-- 1. Short title and commencement (1) This Act may be called the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003. (2) It shall come into force on such date as the Central Government may, by notification, appoint. 2. Definitions In this Act, unless the context otherwise requires,-- (a) "appointed day" means such date as the Central Government may, by notification, appoint under section 3; (b) "Company" means the Industrial Development Bank of India Limited to be formed and.....

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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, and vested in the Central Government. 2 [***] ______________________ 1.Sections 4, 4A and 4B Substituted by Act52 of 1975, sec. 5, for section 4. 2.Sub-section (2) omitted by Act 5 of 1995,sec. 4 (w.r.e.f. 12-10-1994). Section 4A - Transfer of capital to Central Government 1 [4A. Transfer of capital to CentralGovernment (1)The issued capital of the Development Bank which has been subscribed by theReserve Bank as on the date immediately preceding the commencement of section 5of the Public Financial Institutions Laws (Amendment) Act, 1975 (hereinafterreferred to as the "appointed day"), shall, on such commencement,stand transferred to, and vested in the Central Government. 2 [***] ______________________ 1.Sections 4, 4A and 4B Substituted by Act52 of 1975, sec. 5, for section 4. 2.Sub-section (2) omitted by Act 5 of 1995,sec. 4 (w.r.e.f. 12-10-1994). 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.....

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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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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

.....to the transaction of business at its meetings (including the quorum at its meetings) as may be provided by regulations made by the Board under this Act. Section 5 - Allowances of members The members of the Board shall receive such allowances as may be fixed by the Central Government. Section 6 - Officers of the Board and other staff (1) The Central Government shall appoint a person possessing such technical qualifications and practical experience in oilseeds development as may be prescribed, as the Executive Director to the Board. (2) The Executive Director shall be the chief executive of the Board and shall exercise such powers and perform such functions as may be prescribed. (3) The Central Government shall appoint a Secretary to the Board who shall exercise such powers and perform such functions as may be prescribed or as may be delegated to him by the Board or the Executive Director. (4) The Executive Director and the Secretary shall be entitled to such salary and allowancesand shall be subject to such conditions of service in respect of leave, pension, provident fund andother matters as may, from time to time, be fixed by the Central Government. (5) Subject.....

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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.....

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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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