Section 26
Purchase and sale of shares.
The National Bank for Agriculture and Rural Development Act, 1981
About this Act
An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto.
1[26. Purchase and sale of shares.-- The National Bank may subscribe to, or purchase or sell stocks,
shares, bonds or debentures of, or invest in the securities of, any institution or class of institutions
concerned with agriculture and rural development which the Board may approve subject to such terms
and conditions as it may deem fit.]
Notes
1. Subs. by s. 13, ibid., for section 26 (w.e.f. 1-2-2001).