Title : Special Provisions for Enforcement of Claims by Small Industries Bank
State : Central
Year : 1989
(1) where an industrial concern in the small-scale sector, in breach of any agreement, makes any default in repayment of any loan or advance or any instalment thereof or in meeting its obligations in relation to any guarantee given by the small industries .....
View Complete Act List Judgments citing this sectionTitle : Small Industries Bank to Have Access to Records
State : Central
Year : 1989
(1) the small industries bank shall have free access to all such records of any institution which seeks to avail of any credit facilities from the small industries bank and to all such records of any such person who seeks to avail of any credit facilities .....
View Complete Act List Judgments citing this sectionTitle : Validity of Loan or Advance Not to Be Questioned
State : Central
Year : 1989
notwithstanding anything to the contrary contained in any other law for the time being in force, the validity of any loan or advance granted by the small industries bank in pursuance of the provisions of this act shall not be called in question merely on .....
View Complete Act List Judgments citing this sectionTitle : Indemnity of Directors
State : Central
Year : 1989
(1) every director shall be indemnified by the small industries bank against all losses and expenses incurred by him in, or in relation to, the discharge of his duties, except such as are caused by his own wilful act or default. (2) a director shall not .....
View Complete Act List Judgments citing this sectionTitle : Protection of Action Taken Under This Act
State : Central
Year : 1989
no suit or other legal proceeding shall lie against the small industries bank,1[chairman and managing director, the whole-time director] or any director or any officer or other employee of such bank or any other person authorised by that bank to discharge .....
View Complete Act List Judgments citing this sectionTitle : Nomination by Depositors or Holders of Bonds or Other Securities
State : Central
Year : 1989
(1) notwithstanding anything contained in any other law, where a nomination in respect of any deposits, bonds or other securities kept with or issued by the small industries bank is made in the prescribed manner, the amount due on such deposits, bonds or .....
View Complete Act List Judgments citing this sectionTitle : Arrangement with Small Industries Bank on Appointment of Directors to Prevail
State : Central
Year : 1989
(1) where any arrangement entered into by the small industries bank with an industrial concern in the small-scale sector provides for the appointment by the small industries bank of one or more directors of such industrial concern, such provision and any .....
View Complete Act List Judgments citing this sectionTitle : Act 18 of 1891 to Apply in Relation to Small Industries Bank
State : Central
Year : 1989
the bankers' books evidence act, 1891 shall apply in relation to small industries bank as if it were a bank as defined in section 2 of that act.
View Complete Act List Judgments citing this sectionTitle : Act 10 of 1949 Not to Apply to Small Industries Bank
State : Central
Year : 1989
nothing contained in the banking regulation act, 1949, except section 34a and section 36ad thereof, shall apply to the small industries bank.
View Complete Act List Judgments citing this sectionTitle : Act 43 of 1961 Not to Apply to Small Industries Bank [Omitted]
State : Central
Year : 1989
1[***] ________________________ 1. section 50 omitted by the finance act, 2001, sec.135 (w.e.f 1-4-2000). section 50 before its omission.-- 50. act 43 of 1961 not to apply to small industries bank.--notwithstanding anything to the contrary contained in .....
View Complete Act List Judgments citing this section