The Small Industries Development Bank of India Act, 1989
The Small Industries Development Bank of India Act, 1989 is an Act to establish a development bank for providing financial assistance to small-scale industries.
"Small-scale Industries Development Bank Financial Assistance Refinance Assistance Small Enterprises Sidbi"
Summary
The Small Industries Development Bank of India Act, 1989 was enacted to establish a development bank for providing financial assistance to small-scale industries in the country. The Act empowers the Small Industries Development Bank of India (SIDBI) to provide refinance assistance to small-scale industries, facilitate the flow of funds to such industries, and promote the development of small enterprises in the country. The Act outlines the functions and powers of SIDBI, its constitution, share capital, management, and other related aspects.
Table of Contents
Showing up to 15 sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Establishment And Incorporation Of Small Industries Development Bank Of India | Open |
| 4 | Section 4: Authorised Capital | Open |
| 5 | Section 4A: Conversion Of Equity Shares Into Redeemable Preference Shares | Open |
| 6 | Section 4B: Transfer Of Capital | Open |
| 7 | Section 4C: Issued Capital | Open |
| 8 | Section 4D: Reduction Of Share Capital | Open |
| 9 | Section 4E: Restriction On Exercising Of Voting Right | Open |
| 10 | Section 5: Management | Open |
| 11 | Section 6: Constitution Of Board | Open |
| 12 | Section 7: [Omitted] | Open |
| 13 | Section 8: Disqualification Of Directors | Open |
| 14 | Section 9: Vacation And Resignation Of Office By Directors | Open |
| 15 | Section 10: [Omitted] | Open |
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