Section 20E

Shares to be securities under the Indian Trusts Act, 1882.

The Small Industries Development Bank of India Act, 1989

  • Act 39 of 1989
  • Ministry of Finance
  • Department of Financial Services
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.

All sections
    1[20E. Shares to be securities under the Indian Trusts Act, 1882.--Notwithstanding anything contained in the Indian Trusts Act, 1882 (2 of 1882), the shares of the Small Industries Bank shall be deemed to be included among the securities enumerated in section 20 of the said Act.]

Notes

1. Ins. by s. 12, ibid. (w.e.f. 27-3-2000).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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