Act Number: 39

Act Name: The Small Industries Development Bank of India Act, 1989

Year: 1989

Enactment Date: 1989-10-25

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 20E: Shares to be securities under the Indian Trusts Act, 1882.
    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).
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