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 28: Preparation of accounts and balance-sheet.
    (1) The balance-sheet and accounts of the Small Industries Bank shall be prepared in such form and manner as may be prescribed.
     (2) The Board shall cause the books and accounts of the Small Industries Bank to be closed and balanced as on the 31st day of March each year or such other date, as the 1[Board] may specify.
Notes:
1. Subs. by s. 17, ibid., for "Development Bank" (w.e.f. 27-3-2000).
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