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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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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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Small Industries Developement Bank of India Act, 1989 Chapter VI

Title: Small Industries General Fund, Accounts and Audit

State: Central

Year: 1989

.....state of affairs of the Small IndustriesBank and in case they had called for any explanation or information from theBoard or any officer or other employee of the Small Industries Bank whether ithas been given and whether it is satisfactory. (5)The Small Industries Bank shall furnish to the Central Government 2 [***]within four months from the date on which its accounts are closed and balanced,a copy of its balance-sheet and accounts together with a copy of the auditors'report and a report of the working of the Small Industries Bank during therelevant year, and the Central Government shall, as soon as may be after theyare received by it, cause the same to be laid before each House of Parliament. ________________________ 1.Substituted by Act 7 of 2000, sec. 19, for sub-section (1) (w.e.f. 27-3-2000). 2.The words "and the Development Bank" omitted by Act 7 of 2000, sec. 19(w.e.f. 27-3-2000). Section 31 - Saving [Omitted] Save as otherwise provided in sub-section (4) of section 25, nothing contained in this Chapter shall apply to the Small Industries Development Assistance Fund.

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Small Industries Developement Bank of India Act, 1989 Complete Act

Title: Small Industries Developement Bank of India Act, 1989

State: Central

Year: 1989

.....for repayment before agreed period Section41 - Special provisions for enforcement of claims by Small Industries Bank Section42 - Small Industries Bank to have access to records Section43 - Validity of loan or advance not to be questioned Section44 - Indemnity of Directors Section45 - Protection of action taken under this Act Section46 - Nomination by depositors or holders of bonds or other securities Section47 - Arrangement with Small Industries Bank on appointment of Directors to prevail Section48 - Act 18 of 1891 to apply in relation to Small Industries Bank Section49 - Act 10 of 1949 not to apply to Small Industries Bank Section50 - Act 43 of 1961 not to apply to Small Industries Bank [Omitted] Section51 - Liquidation of Small Industries Bank Section51A - Power to make rules by Central Government Section52 - Power to make regulations Section53 - Amendment of certain enactments Section54 - Power to remove difficulties Schedule1 - THE FIRST SCHEDULE Schedule2 - THE SECOND SCHEDULE

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Small Industries Developement Bank of India Act, 1989 Section 41

Title: Special Provisions for Enforcement of Claims by Small Industries Bank

State: Central

Year: 1989

.....advance under section 40 and such industrial concern fails to make such repayment, then, without prejudice to the provisions of section 38 of this Act and section 69 of the Transfer of Property Act, 1882 (4 of 1882), any officer of that Bank, generally or specially authorised by that Bank in this behalf, may apply to the court for one or more of the following reliefs, namely:-- (a) for an order for the sale of the property assigned, charged, hypothecated, mortgaged or pledged to that Bank as security for the loan or advance; or (b) for enforcing the liability of any surety; or (c) for an ad interim injunction restraining the industrial concern in the small-scale sector from transferring or removing its machinery, plant or equipment from the premises of such industrial concern without the permission of the Small Industries Bank, where such transfer or removal is apprehended. (2) An application under sub-section (1) shall state the nature and extent of the liability of the industrial concern in the small-scale sector to the Small Industries Bank, the ground on which it is made and such other particulars as may be necessary for obtaining the relief prayed for. (3) Where.....

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

Title: Delayed Payments to Micro and Small Enterprises

State: Central

Year: 2006

.....due For any goods supplied or services rendered by the supplier,the buyer shall be liable to pay the amount with interest thereon as providedunder section 16. Section 18 - Reference to Micro and Small Enterprises Facilitation Council (1) Notwithstanding anything contained in any other law forthe time being in force, any party to a dispute may, with regard to any amountdue under section 17, make a reference to the Micro and Small EnterprisesFacilitation Council. (2) On receipt of a reference under sub-section (1), theCouncil shall either itself conduct conciliation in the matter or seek theassistance of any institution or centre providing alternate dispute resolutionservices by making a reference to such an institution or centre, for conductingconciliation and the provisions of sections 65 to 81 of the Arbitration andConciliation Act, 1996(26 of 1996) shall apply to such a dispute as if theconciliation was initiated under Part III of that Act. (3) Where the conciliation initiated under sub-section (2) isnot successful and stands terminated without any settlement between the parties,the Council shall either itself take up the dispute for arbitration or refer toit any.....

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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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Small Industries Developement Bank of India Act, 1989 Section 38

Title: Rights of Small Industries Bank in Case of Default

State: Central

Year: 1989

.....transfer had been made by the owner of the property. (3) The Small Industries Bank shall have the same rights and powers with respect to goods manufactured or produced wholly or partly from goods forming part of the security held by it as it had with respect to the original goods. (4) Where any action has been taken against an industrial concern in the small-scale sector under the provisions of sub-section (1), all costs, charges and expenses which in the opinion of the Small Industries Bank have been properly incurred by it as incidental thereto shall be recoverable from the industrial concern in the small-scale sector and the money which is received by it shall, in the absence of any contract to the contrary, be held by it in trust to be applied firstly, in payment of such costs, charges and expenses and, secondly, in discharge of the debt due to the Small Industries Bank, and the residue of the money so received shall be paid to the person entitled thereto in accordance with his rights and interests. (5) Where the Small Industries Bank takes over the management or possession of an industrial concern in the small-scale sector under the provisions of sub-section (1), the.....

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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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