Small Holdings - Bare Acts

Small Industries Developement Bank of India Act, 1989 Chapter III

Title: Management of the Small Industries Bank

State: Central

Year: 1989

.....of Directors 1[8. Disqualifications of Directors A person shall not be eligible for being elected as a Director under clause (1) of sub-section (1) of section 6, if he.-- (a) has been found to be of unsound mind by a court of competent jurisdiction and the finding is in force; (b) is an undischarged insolvent; (c) has applied to be adjudicated as an insolvent and his application is pending; (d) has been convicted by a court of competent jurisdiction, of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence; or (e) has not paid any call in respect of shares of the Small Industries Bank held by him, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call. ________________________ 1. Substituted by Act 7 of 2000, sec. 5, for sections 8 and 9 (w.e.f. 27-3-2000). Section 9 - Vacation and resignation of office by Directors (1) The office of a Director shall become vacant if he-- (a) becomes subject to any of the disqualifications mentioned in section.....

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Small Industries Developement Bank of India Act, 1989 Chapter II

Title: Establishment of the Small Industries Development Bank of India and Capital Thereof

State: Central

Year: 1989

.....consisting of such number of equity shares and redeemable preference shares as it may deem fit.] ________________________ 1. Substituted by Act 7 of 2000, sec. 3, for section 4 (w.e.f. 27-3-2000). Section 4A - Conversion of equity shares into redeemable preference shares 1 [4A.Conversion of equity shares into redeemable preference shares (1)The Central Government may, at any time after the commencement of theSmall Industries Development Bank of India (Amendment) Act, 2000, bynotification, convert such number of equity shares held by the Development Bank,the public sector banks, the General Insurance Corporation, the Life InsuranceCorporation and other institutions owned or controlled by the CentralGovernment, not exceeding twenty-five crores, as it may decide, into redeemablepreference shares: Providedthat such conversion shall in no case reduce the equity shares held in aggregateby the Development Bank, the public sector banks, the General InsuranceCorporation, the Life Insurance Corporation and other institutions owned orcontrolled by the Central Government to less than fifty-one per cent. (2)The redeemable preference shares referred to in sub-section (1).....

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Micro, Small and Medium Enterprises Development Act, 2006 Chapter II

Title: National Board for Micro, Small and Medium Enterprises

State: Central

Year: 2006

.....matter. Section 5 - Functions of Board The Board shall, subject to the general directions of the Central Government, perform all or any of the following functions, namely:-- (a) examine the factors affecting the promotion and development of micro, small and medium enterprises and review the policies and programmes of the Central Government in regard to facilitating the promotion and development and enhancing the competitiveness of such enterprises and the impact thereof on such enterprises; (b) make recommendations on matters referred to in clause (a) or on any other matter referred to it by the Central Government which, in the opinion of that Government, is necessary or expedient for facilitating the promotion and development and enhancing the competitiveness of the micro, small and medium enterprises; and (c) advise the Central Government on the use of the Fund or Funds constituted under section 12. Section 6 - Powers and functions of Member-Secretary of Board Subject to other provisions of this Act, the Member-Secretary of the Board shall exercise such powers and perform such functions as may be prescribed.

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Small Industries Developement Bank of India Act, 1989 Section 33

Title: Staff of Small Industries Bank

State: Central

Year: 1989

.....before the expiration of a period of eighteen months from the appointed day, take back such member of the staff and he shall be deemed to have been on deputation to the Small Industries Bank during the period he was a member of the staff of the Small Industries Bank. (3) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947) or in any other law for the time being in force, the absorption or any member of the staff by the Small Industries Bank in its regular service under this section shall not entitled such employee to any compensation under that Act or other law and no such claim shall be entertained by any court, tribunal or other authority. Explanation.--For the purposes of this section, "appointed day" means the date of establishment of the Small Industries Bank under section 3.

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Small Industries Developement Bank of India Act, 1989 Section 47

Title: Arrangement with Small Industries Bank on Appointment of Directors to Prevail

State: Central

Year: 1989

.....valid and effective notwithstanding anything to the contrary contained in the Companies Act, 1956, (1 of 1956) or in any other law for the time being in force or in the memorandum, articles of association or any other instrument relating to that industrial concern, and any provision regarding share qualification, age-limit, number of directorships, removal from office of Directors and such like conditions contained in any such law or instrument aforesaid, shall not apply to any Director appointed by the Small Industries Bank in pursuance of the arrangement as aforesaid. (2) Any Director appointed as aforesaid shall-- (a) hold office during the pleasure of the Small Industries Bank and may be removed or substituted by any person by order in writing of the Small Industries Bank; (b) not incur any obligation or liability by reason only of his being a Director or for anything done or omitted to be done in good faith in the discharge of his duties as a Director or anything in relation thereto; (c) not be liable to retirement by rotation and shall not be taken into account for computing the number of Directors liable to such retirement.

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Small Industries Developement Bank of India Act, 1989 Section 3

Title: Establishment and Incorporation of Small Industries Development Bank of India

State: Central

Year: 1989

(1) With effect from such date1as the Central Government may, by notification, appoint, there shall be established, for the purposes of this Act, a corporation to be known as the Small Industries Development Bank of India. (2) The Small Industries Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name, sue or be sued. (3) The head office of the Small Industries Bank shall be at Lucknow or at such other place as the Central Government may, by notification, specify. (4) The Small Industries Bank shall establish offices, branches or agencies at any place in or outside India. ________________________ 1. Vide S.O. 198 (E), dated 7th March, 1990, published in the Gazette of India, Extra., pt.II, Sec. 3 (ii) dated 7th March, 1990.

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Small Industries Developement Bank of India Act, 1989 Chapter IV

Title: Business of the Small Industries Bank

State: Central

Year: 1989

.....and promissory notes made, drawn, accepted or endorsed by industrial concerns in the small-scale sector or by any person selling products manufactured by an industrial concern in the small-scale sector; (iii) subscribing to, or purchasing stocks, shares bonds or debentures of, any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf]; (iv) granting lines of credit or loans and advances to any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf|; (v) granting loans and advances to any industrial concern in the small-scale sector or subscribing to, or purchasing, or under-writing the issue of stocks, shares, bonds or debentures of, any such concern: Provided that nothing contained in this clause shall be deemed to preclude the Small Industries Bank from granting loans or advances to, or subscribing to the.....

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Provincial Small Cause Courts Act, 1887 Section 31

Title: Saving of Power to Appoint Judge of Court of Small Causes to Other Office

State: Central

Year: 1887

(1) Nothing in this Act shall be construed to prevent [Subs. by the A.O.1937 for "the L.G. from appointing"] [the appointment of] a person who is a Judge or Additional Judge of a Court of Small Causes to be also a Judge of any other [For instances of notifications issued under this power, see U.P.R.& O., Vol., I] Civil Court or to be a Magistrate of any class or to hold any other public office. (2) When a Judge or Additional Judge is so appointed, the ministerial officers of his Court shall, subject to any rules which the State Government may make in this behalf, be deemed to be ministerial officers appointed to aid him in the discharge of the duties of the other office.

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Small Industries Developement Bank of India Act, 1989 Section 13

Title: Business of Small Industries Bank

State: Central

Year: 1989

.....and promissory notes made, drawn, accepted or endorsed by industrial concerns in the small-scale sector or by any person selling products manufactured by an industrial concern in the small-scale sector; (iii) subscribing to, or purchasing stocks, shares bonds or debentures of, any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf]; (iv) granting lines of credit or loans and advances to any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf|; (v) granting loans and advances to any industrial concern in the small-scale sector or subscribing to, or purchasing, or under-writing the issue of stocks, shares, bonds or debentures of, any such concern: Provided that nothing contained in this clause shall be deemed to preclude the Small Industries Bank from granting loans or advances to, or subscribing to the.....

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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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