Schedule 2 – The Small Industries Development Bank of India Act,1989

The Small Industries Development Bank of India Act,1989

Schedule 2

AMENDMENT OF CERTAIN ENACTMENTS

THE SECOND SCHEDULE

(See section 53)

AMENDMENT OF CERTAIN ENACTMENTS

PART I

AMENDMENT TO THE RESERVE BANK OF INDIA ACT,1934

(2 OF 1934)

1. In section 2, after clause (e), insert the following clause, namely:-

‘(el) “Small Industries Bank” means the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act,1989;’

2. In section 17,-

(a) In clause (4G), after the words “the Reconstruction Bank”, insert the words “or the Small Industries Bank”,

(b) In clause (4H), after the words “the Development Bank”, insert the words “or the Small Industries Bank”;

(c) In clause (4-I), for the words “or the Reconstruction Bank”, substitute the words “the Reconstruction Bank or the Small Industries Bank”;

(d) In clause (12B), for the words “the Reconstruction Bank”, substitute the words “the Reconstruction Bank or the Small Industries Bank”.

3. In section 42, in sub-clause (ii) of clause (c) of the Explanation to sub-section (1), after the two words “or from the National Bank”, insert the words “or from the Small Industries Bank”.

4. In section 45C, in sub-section (2),in clauses (c) and (d), after the words “or the Reconstruction Bank” wherever they occur, insert the words “or the Small Industries Bank”.

PART II

AMENDMENT TO THE INDUSTRIAL DISPUTES ACT,1947

(14 OF 1949)

In section 2, in clause (bb), after the words “the Industrial Development Bank of India,”, insert the words “the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act,1989,”.

PART III

AMENDMENTS TO THE BANKING REGULATION ACT,1949

(10 OF 1949)

1. In section 5, after clause (n), insert the following clause, namely,:-

‘(ni) “Small Industries Bank” mean the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act,1989;’

2. In section 18, in sub-section (1), in the Explanation, in clause (a), in sub-clause (ii), after the words “or from the National Bank”, insert the words”, or from the Small Industries Bank”,

3. In section 34A.in sub-section (3), after the words “the National Bank”, insert the words”, the Small Industries Bank,

4. In section 36AD, in sub-section (3), after the words “the National Bank”, insert the words”, the small Industries Bank,

5. In section 56, in sub-clause (ii) of clause (a) of the Explanation under clause (j), after the words “, the National Bank”, insert the words “,the Small Industries Bank,”

PART IV

AMENDMENT TO THE PAYMENT OF BONUS ACT,1965

(21 OF 1965)

In section 32, in clause (ix), after sub-clause (f), the following sub-clause shall be inserted namely:-

“(fa) The Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act,1989;”

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The Small Industries Development Bank of India Act,1989

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