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 51A: Power to make rules by Central Government.
    1[51 A. Power to make rules by Central Government.-- (1) The Central Government may, by notification, make rules to carry out the provisions of this Act.
     (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:--
         (i) the procedure for filing and hearing of appeal against the refusal to register the transfer of shares by the Board under sub-section (3) of section 20D; and
         (ii) any other matter which has to be, or may be, prescribed by rules under this Act.]
Notes:
1. Ins. by Act 7 of 2000, s. 24 (w.e.f. 27-3-2000).
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