The Small Industries Development Bank of India Act,1889 (Bare Act)/
The Small Industries Development Bank of India Act,1889 (Bare Act)/
Universal Law Publishing
- New Delhi: Universal Law Publishing, 2010.
- vi, 71 p.
THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA ACT, 1989
Introduction
CHAPTER I
PRELIMINARY
Sectioiis
1. Short title, extent and commencement
2. Definitions
CHAPTER 11
ESTABLISHMENT OF THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA AND CAPITAL THEREOF 3. Establishment and incorporation of Small Industries Development Bank of India
4. Authorised capital 4A. Conversion of equity shares into redeemable preference shares
4B. Transfer of capital
4C. Issued capital 4D. Reduction of share capital 4E. Restriction on exercising of voting right
CHAPTER III
MANAGEMENT OF THE SMALL INDUSTRIES BANK 5. Management
6. Constitution of Board
7. [Repealed]
8. Disqualifications of Directors 9. Vacation and resignation of office by/Directors
10. [Repealed]
11. [Repealed]
12. Executive Committee and other Committees . ;
12A. Fees and allowances of Directors and Members of Committees
CHAPTER IV
BUSINESS OF THE SMALL INDUSTRIES BANK
13. Business of Small Industries Bank
14. Loans by Central Govenunent 15. Borrowings and acceptance of deposits by the
Small Industries Bank
16. Investment 17. Power to transfer rights ,
18. Power to acquire rights . ^
19. Loans in foreign currency . ^
20. Grants, donations, etc., to the Small Industries Bank
CHAPTER IVA
SHARES
20A. Free transferability of shares
20B. Register of shareholders 20C. TniSt not to be entered on the register of shareholders 20D. Board's right to refuse registration of transfer of shares
20E. Shares to be securities under the Indian Trusts Act, 1882
CHAPTER IVB
MEETINGS AND PROCEEDINGS 20F. Annual general meeting 20G. Matters to be discussed and procedure in annual general meeting
CHAPTER V
-SMALL INDUSTRIES DEVELOPMENT ASSISTANCE FUND 21. Small Industries Development Assistance Fund 22. Credits to Small Industries Development Assistance Fund 23. Utilisation of Small Industries Development Assistance Fund 24. Debits to Small Industries Development Assistance Fund
25. Accounts and audit of Small Industries Development
Assistance Fund 26. Liquidation of Small Industries Development Assistance Fund
CHAPTER VI
SMALL INDUSTRIES GENERAL FUND, ACCOUNTS AND AUDIT
27. Small Industries General Fund
28. Preparation of accoimts and balance-sheet 29. Disposal of profits accruing to Small Industries General Fund
30. Audit
31. Saving
CHAPTER VII
TRANSFER OF PART OF BUSINESS OF DEVELOPMENT BANK 32. Transfer of part of business of Development Bank
CHAPTER VIII
MISCELLANEOUS
33. Staff of Small Industries Bank
34. Delegation of po^vers
35. Returns 36. Obligations as to fidelity and secrecy 37. Defects in appointment not to invalidate acts etc 37A. Amounts and securities to be held in trust 38. Rights of Small Industries Bank in case of default 39. Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate^ 40. Power to call for repayment before agreed period 41. Special provisions for enforcement of claims by Small Industries Bank 42. Small Industries Bank to have access to records
Sections
43. Validity of loan or advance not to be questioned
44. Indemnity of Directors
45. Protection of action taken under this Act
46. Nomination by depositors or holders of bonds
or other securities 47. Arrangement with Small Industries Bank on appointment of Directors to prevail 48. Act 18 of 1891 to apply in relation to Small Industries Bank 49. Act 10 of 1949 not to apply to Small Industries Bank 50. [Repealed]
51. Liquidation of Small Industries Bank 51A. Power to make rules by Central Government
52. Power to make regulations
53. Amendment of certain enactments
54. Power to remove difficulties THE FIRST SCHEDULE.—Declaration of fidelity and secrecy
THE SECOND SCHEDULE.—Amendment of certain enactments
36
THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (GENERAL REGULATIONS), 2000
Regulations
CHAPTER I
PRELIMINARY
1. Short title and commencement
2. Definitiotrs
CHAPTER II
MEETINGS OF BOARD AND EXECUTIVE COMMITTEE
Meetings of the Board
Powers of the Executive Committee
Meetings of the Executive Committee
No director or member to deal with matters with which he is personally concemed
Ad-hoc committees
CHAPTER III
FEES AND ALLOWANCES OF DIRECTORS
Fees and allowances of directors and members of the
Executive Committee and other corrunittees
CHAPTER IV
CONTRACTS, COMMON SEAL AND ACCOUNTS Manner and form in which contracts binding on the Small Industries Bank may be executed Accounts, receipts and documents of the Small Industries Bank by whom to be signed 0 Plaints, etc., by whom to be signed
Issue of debentures
13. Common seal
14. Balance-sheet and profit and loss account
CHAPTER V
NOMINATION FOR DEPOSITS AND SECURITIES 15. Payment on the death of the holder of a security
16. Manner in which nomination may be made and discharge on payment
CHAPTER VI
SHARES AND SHARE REGISTER
17. Share to be movable property
18. Control over shares and registers
19. Parties who may not be registered as shareholders
20. Particulars to be entered in the register
21. Exercise of rights of joint holders
22. Inspection of the register
23. Closing of the register
24. Share certificates
25. Issue of share certificate
26. Renewal of share certificates
27. Transfer of shares
28. Power to suspend transfers
29. Transmission of shares in the event of death, insolvency, etc.
of a shareholder
30. Calls on shares
31. Calls to date from resolution
32. Notice of call
33. Extension of time for payment of call 34. Liabilities of joint holders 35. Amoimt payable at fixed time or by instalments as calls 36. When interest on call or instalment payable 37. Non-payment of calls by shareholder 38. If call or instalment not paid, notice must be given
39. Form of notice 40. In default of payment, shares to be forfeited 41. Entry of forfeiture in the register 42. Forfeited shares to be property of the Small Industries Bank and may be sold
43. Power to annul forfeiture 44. Shareholder liable to pay money owing at the time of forfeiture and interest 45. Partial payment not to preclude forfeiture 46. Application of forfeiture provisions 47. Small Industries Baftk's lien on shares 48. Eirforcing lien by sale of share 49. Application of proceeds of sale of shares
50. Certificate of forfeiture
Reguli
51. Title of purchaser and allottee of forfeited share
52. Service of a notice or document to shareholders
CHAPTER VII
MEETINGS OF SHAREHOLDERS
53. Notice convening a general meeting
54. Extraordinary general meeting
55. Business at general meetings 56. Quonun of general meetings 57. Chairman at general meetings
58. Persons entitled to attend general meetings i 59. Voting at general meetings 60. Minutes of general meetings
; CHAPTER VIII
VOTING RIGHTS OF SHAREHOLDERS
61. Determination of voting rights
62. Voting by duly authorised representative
63. Proxies
CHAPTER IX
ELECTION OF DIRECTORS
64. Nomination of directors
65.
66. Nomination of candidates for election
67. Scrutiny of nominations
68. Election disputes
69. Removal of director
70. Retirement of directors co-opted
SCHEDULE I.—General Fimd—Balance-sheet
SCHEDULE 11.—General Fund—Profit and Loss Account
SCHEDULE III.—^Small Industries Development Assistance
Fund—Balance-sheet
SCHEDULE rv.—Small Industries Development Assistance
Frmd—Profit and Loss Account
SCHEDULE v.—
FORM I—^Form of Nomination/Substitution of Nomination
FORM II—Form of Cancellation of Nomination
SCHEDULE VI.—
FORM A—Share Transfer Form
FORM B—Form of Proxy
THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (APPEAL TO THE CENTERAL GOVERNMENT) RULES, 2003
Rules
1. Short title and commencement
2. Definitions
3. Form of Appeal
4. Time within which appeal is to be preferred
5. Payment of fees
6. Contents of appeal
7. Right to representation
8. Procedure for filing appeal
9. Furnishing of information or documents
10. Date and place of hearing of appeal to be communicated
11. Hearing of appeal
12. Orders by the Central Government FORM—Small Industries Development Bank of India— Form of Appeal
Bare Act
343.54 / UNI/N
THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA ACT, 1989
Introduction
CHAPTER I
PRELIMINARY
Sectioiis
1. Short title, extent and commencement
2. Definitions
CHAPTER 11
ESTABLISHMENT OF THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA AND CAPITAL THEREOF 3. Establishment and incorporation of Small Industries Development Bank of India
4. Authorised capital 4A. Conversion of equity shares into redeemable preference shares
4B. Transfer of capital
4C. Issued capital 4D. Reduction of share capital 4E. Restriction on exercising of voting right
CHAPTER III
MANAGEMENT OF THE SMALL INDUSTRIES BANK 5. Management
6. Constitution of Board
7. [Repealed]
8. Disqualifications of Directors 9. Vacation and resignation of office by/Directors
10. [Repealed]
11. [Repealed]
12. Executive Committee and other Committees . ;
12A. Fees and allowances of Directors and Members of Committees
CHAPTER IV
BUSINESS OF THE SMALL INDUSTRIES BANK
13. Business of Small Industries Bank
14. Loans by Central Govenunent 15. Borrowings and acceptance of deposits by the
Small Industries Bank
16. Investment 17. Power to transfer rights ,
18. Power to acquire rights . ^
19. Loans in foreign currency . ^
20. Grants, donations, etc., to the Small Industries Bank
CHAPTER IVA
SHARES
20A. Free transferability of shares
20B. Register of shareholders 20C. TniSt not to be entered on the register of shareholders 20D. Board's right to refuse registration of transfer of shares
20E. Shares to be securities under the Indian Trusts Act, 1882
CHAPTER IVB
MEETINGS AND PROCEEDINGS 20F. Annual general meeting 20G. Matters to be discussed and procedure in annual general meeting
CHAPTER V
-SMALL INDUSTRIES DEVELOPMENT ASSISTANCE FUND 21. Small Industries Development Assistance Fund 22. Credits to Small Industries Development Assistance Fund 23. Utilisation of Small Industries Development Assistance Fund 24. Debits to Small Industries Development Assistance Fund
25. Accounts and audit of Small Industries Development
Assistance Fund 26. Liquidation of Small Industries Development Assistance Fund
CHAPTER VI
SMALL INDUSTRIES GENERAL FUND, ACCOUNTS AND AUDIT
27. Small Industries General Fund
28. Preparation of accoimts and balance-sheet 29. Disposal of profits accruing to Small Industries General Fund
30. Audit
31. Saving
CHAPTER VII
TRANSFER OF PART OF BUSINESS OF DEVELOPMENT BANK 32. Transfer of part of business of Development Bank
CHAPTER VIII
MISCELLANEOUS
33. Staff of Small Industries Bank
34. Delegation of po^vers
35. Returns 36. Obligations as to fidelity and secrecy 37. Defects in appointment not to invalidate acts etc 37A. Amounts and securities to be held in trust 38. Rights of Small Industries Bank in case of default 39. Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate^ 40. Power to call for repayment before agreed period 41. Special provisions for enforcement of claims by Small Industries Bank 42. Small Industries Bank to have access to records
Sections
43. Validity of loan or advance not to be questioned
44. Indemnity of Directors
45. Protection of action taken under this Act
46. Nomination by depositors or holders of bonds
or other securities 47. Arrangement with Small Industries Bank on appointment of Directors to prevail 48. Act 18 of 1891 to apply in relation to Small Industries Bank 49. Act 10 of 1949 not to apply to Small Industries Bank 50. [Repealed]
51. Liquidation of Small Industries Bank 51A. Power to make rules by Central Government
52. Power to make regulations
53. Amendment of certain enactments
54. Power to remove difficulties THE FIRST SCHEDULE.—Declaration of fidelity and secrecy
THE SECOND SCHEDULE.—Amendment of certain enactments
36
THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (GENERAL REGULATIONS), 2000
Regulations
CHAPTER I
PRELIMINARY
1. Short title and commencement
2. Definitiotrs
CHAPTER II
MEETINGS OF BOARD AND EXECUTIVE COMMITTEE
Meetings of the Board
Powers of the Executive Committee
Meetings of the Executive Committee
No director or member to deal with matters with which he is personally concemed
Ad-hoc committees
CHAPTER III
FEES AND ALLOWANCES OF DIRECTORS
Fees and allowances of directors and members of the
Executive Committee and other corrunittees
CHAPTER IV
CONTRACTS, COMMON SEAL AND ACCOUNTS Manner and form in which contracts binding on the Small Industries Bank may be executed Accounts, receipts and documents of the Small Industries Bank by whom to be signed 0 Plaints, etc., by whom to be signed
Issue of debentures
13. Common seal
14. Balance-sheet and profit and loss account
CHAPTER V
NOMINATION FOR DEPOSITS AND SECURITIES 15. Payment on the death of the holder of a security
16. Manner in which nomination may be made and discharge on payment
CHAPTER VI
SHARES AND SHARE REGISTER
17. Share to be movable property
18. Control over shares and registers
19. Parties who may not be registered as shareholders
20. Particulars to be entered in the register
21. Exercise of rights of joint holders
22. Inspection of the register
23. Closing of the register
24. Share certificates
25. Issue of share certificate
26. Renewal of share certificates
27. Transfer of shares
28. Power to suspend transfers
29. Transmission of shares in the event of death, insolvency, etc.
of a shareholder
30. Calls on shares
31. Calls to date from resolution
32. Notice of call
33. Extension of time for payment of call 34. Liabilities of joint holders 35. Amoimt payable at fixed time or by instalments as calls 36. When interest on call or instalment payable 37. Non-payment of calls by shareholder 38. If call or instalment not paid, notice must be given
39. Form of notice 40. In default of payment, shares to be forfeited 41. Entry of forfeiture in the register 42. Forfeited shares to be property of the Small Industries Bank and may be sold
43. Power to annul forfeiture 44. Shareholder liable to pay money owing at the time of forfeiture and interest 45. Partial payment not to preclude forfeiture 46. Application of forfeiture provisions 47. Small Industries Baftk's lien on shares 48. Eirforcing lien by sale of share 49. Application of proceeds of sale of shares
50. Certificate of forfeiture
Reguli
51. Title of purchaser and allottee of forfeited share
52. Service of a notice or document to shareholders
CHAPTER VII
MEETINGS OF SHAREHOLDERS
53. Notice convening a general meeting
54. Extraordinary general meeting
55. Business at general meetings 56. Quonun of general meetings 57. Chairman at general meetings
58. Persons entitled to attend general meetings i 59. Voting at general meetings 60. Minutes of general meetings
; CHAPTER VIII
VOTING RIGHTS OF SHAREHOLDERS
61. Determination of voting rights
62. Voting by duly authorised representative
63. Proxies
CHAPTER IX
ELECTION OF DIRECTORS
64. Nomination of directors
65.
66. Nomination of candidates for election
67. Scrutiny of nominations
68. Election disputes
69. Removal of director
70. Retirement of directors co-opted
SCHEDULE I.—General Fimd—Balance-sheet
SCHEDULE 11.—General Fund—Profit and Loss Account
SCHEDULE III.—^Small Industries Development Assistance
Fund—Balance-sheet
SCHEDULE rv.—Small Industries Development Assistance
Frmd—Profit and Loss Account
SCHEDULE v.—
FORM I—^Form of Nomination/Substitution of Nomination
FORM II—Form of Cancellation of Nomination
SCHEDULE VI.—
FORM A—Share Transfer Form
FORM B—Form of Proxy
THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (APPEAL TO THE CENTERAL GOVERNMENT) RULES, 2003
Rules
1. Short title and commencement
2. Definitions
3. Form of Appeal
4. Time within which appeal is to be preferred
5. Payment of fees
6. Contents of appeal
7. Right to representation
8. Procedure for filing appeal
9. Furnishing of information or documents
10. Date and place of hearing of appeal to be communicated
11. Hearing of appeal
12. Orders by the Central Government FORM—Small Industries Development Bank of India— Form of Appeal
Bare Act
343.54 / UNI/N