Section 12A
Fees and allowances of directors and members of committees.
The Small Industries Development Bank of India Act, 1989
About this Act
An Act to establish the Small Industries Development Bank of India as the principal financial institution for the promotion, financing and development of industry in the small-scale sector and to co-ordinate the functions of the institutions engaged in the promotion, financing or developing industry in the small-scale sector and for matters connected therewith or incidental thereto.
1[12A. Fees and allowances of directors and members of committees.--The directors and the
members of a committee shall be paid such fees and allowances as may be prescribed for attending the
meetings of the Board or of any committee constituted in pursuance of this Act and for attending to any
other work of the Small Industries Bank:
Provided that no fees shall be payable to the chairman and managing director or to the whole-time directors or to any other director who is an official of the Government.]
Provided that no fees shall be payable to the chairman and managing director or to the whole-time directors or to any other director who is an official of the Government.]
Notes
1. Subs. by Act 7 of 2000, s. 7, for section 12 (w.e.f. 27-3-2000).