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Section 26 – The State Financial Corporation Act,1951

<h2The State Financial Corporation Act,1951

Section 26. Limit of accommodation

The Financial Corporation shall not enter into any arrangement under clauses (a) and (e) of sub-section (1) of section 25 with a single industrial concern for an amount equivalent in the aggregate to more than ten per cent, of the paid-up share capital of the Corporation, but in no case exceeding ten lakhs of rupees.

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The State Financial Corporation Act,1951

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