Section 49
Act 10 of 1949 not to apply to Small Industries Bank.
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.
Nothing contained in the Banking
Regulation Act, 1949, except section 34A and section 36AD thereof, shall apply to the Small Industries
Bank.