| 1 |
Short title, extent and commencement. | Read |
| 2 |
Definitions. | Read |
| 3 |
Establishment of State Financial Corporations. | Read |
| 3A |
Establishment of Joint Financial Corporations. | Read |
| 4 |
Share capital and share-holders. | Read |
| 4A |
Special class of shares. | Read |
| 4B |
Transfer of share capital to Development Bank. | Read |
| 4C |
Payment of amount. | Read |
| 4D |
Issue of redeemable preference shares. | Read |
| 4E |
Reduction of share capital. | Read |
| 4F |
Restriction on exercising of voting right. | Read |
| 4G |
Proxy voting. | Read |
| 4H |
Transfer of share capital to Small Industries Bank. | Read |
| 5 |
Transfer of shares. | Read |
| 6 |
Conversion of shares guaranteed by State Government. | Read |
| 7 |
Additional capital of Financial Corporation and its borrowing powers. | Read |
| 8 |
Deposits with the Financial Corporation. | Read |
| 9 |
Managements. | Read |
| 10 |
Board of directors. | Read |
| 10A |
Omitted . | Read |
| 11 |
Term of office and retirement of directors. | Read |
| 12 |
Disqualifications for being a director. | Read |
| 13 |
Removal of director from office. | Read |
| 14 |
Resignation of office by director and filling up of casual vacancies. | Read |
| 15 |
Chairman of Board. | Read |
| 16 |
Remuneration of directors. | Read |
| 17 |
Managing director. | Read |
| 18 |
Executive Committee. | Read |
| 19 |
Meetings of the Board and Committee. | Read |
| 20 |
Powers of Executive Committee. | Read |
| 21 |
Advisory Committee. | Read |
| 22 |
Offices and agencies. | Read |
| 23 |
Officers and other employees of the Financial Corporation. | Read |
| 24 |
General duty of the Board. | Read |
| 25 |
Business which Financial Corporation may transact. | Read |
| 25A |
Power to acquire rights. | Read |
| 25B |
Gifts, grants, etc. | Read |
| 26 |
Limit of accommodation. | Read |
| 27 |
Power to impose conditions for accommodation. | Read |
| 28 |
Prohibited business. | Read |
| 29 |
Rights of Financial Corporation in case of default. | Read |
| 30 |
Power to call for repayment before agreed period. | Read |
| 31 |
Special provisions for enforcement of claims by Financial Corporation. | Read |
| 32 |
Procedure of district judge in respect of applications under section 31. | Read |
| 32A |
Power of Financial Corporation to appoint directors or administrators of an industrial concern when management is taken over. | Read |
| 32B |
Effect of notified order under section 32A. | Read |
| 32C |
Powers and duties of directors and administrators. | Read |
| 32D |
No right to compensation for termination of contract of managing agent, managing director, etc. | Read |
| 32E |
Application of Act 1 of 1956. | Read |
| 32F |
Restriction on tiling of suite for dissolution, etc., of an industrial concern not being a company when its management is taken over. | Read |
| 32G |
Recovery of amounts due to the Financial Corporation as an arrear of land revenue. | Read |
| 33 |
Funds of the Financial Corporation. | Read |
| 34 |
Investment of funds. | Read |
| 35 |
Disposal of profits. | Read |
| 35A |
Special reserve fund. | Read |
| 36 |
General meetings. | Read |
| 37 |
Audit. | Read |
| 37A |
Inspection. | Read |
| 38 |
Returns. | Read |
| 39 |
Power to give instructions to Financial Corporation on questions of policy. | Read |
| 40 |
Declaration of fidelity and secrecy. | Read |
| 41 |
Indemnity of directors. | Read |
| 41A |
Protection of action taken by persons appointed under section 27 or section 32A. | Read |
| 41B |
Nomination in respect of deposits, bonds, etc. | Read |
| 42 |
Offences. | Read |
| 43 |
Provisions relating to income-tax and super-tax. | Read |
| 43A |
Delegation of powers. | Read |
| 43B |
Reports to the Board. | Read |
| 44 |
Act 18 of 1891 to apply to the books of the Financial Corporation. | Read |
| 45 |
Liquidation of Financial Corporation. | Read |
| 46 |
Power to apply Act to certain financial institutions in existence at commencement of Act. | Read |
| 46A |
Extension of jurisdiction of the Financial Corporation to other States by agreement. | Read |
| 46B |
Effect of Act on other laws. | Read |
| 47 |
Omitted . | Read |
| 48 |
Power of Board to make regulations. | Read |
| 48A |
Laying of rules and regulations before State Legislature. | Read |
| 48B |
Power to make rules. | Read |
| 49 |
Power to remove difficulty. | Read |
