Section 38 of SFC Act : Section 38: Returns
SFC Act
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Explanation using Example
Imagine a State Financial Corporation (SFC) that provides financial assistance to small-scale industries within a particular state. According to Section 38 of The State Financial Corporations Act, 1951, the SFC must regularly submit various financial statements and returns to the State Government, the Small Industries Bank, and the Reserve Bank of India (RBI).
For instance, the SFC has to send...
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