Section 16
Investment.
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[16. Investment.-- The Small Industries Bank may invest (whether by way of deposits in banks or
otherwise) the amounts available in the Small Industries Development Assistance Fund or the Small
Industries General Fund or any other fund or account which are not for the time being required for the
transaction of business in such manner as may be approved by the Board.]
Notes
1. Subs. by s. 10, ibid., for section 16 (w.e.f. 27-3-2000).