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Section 20 – The State Financial Corporations (Amendment) Act,2000

The State Financial Corporations (Amendment) Act,2000

Section 20. Amendment of section 28

In section 28 of the principal Act, in sub-section (1), for clause (d), the following clause shall be substituted, namely:-

“(d) Grant any form of assistance to any industrial concern in respect of which the aggregate of the paid-up share capital and free reserves exceeds ten crores of rupees or such higher amount not exceeding thirty crores of rupees as the State Government, on the recommendation of the Small Industries Bank, may, by notification in the Official Gazette, specify.”

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The State Financial Corporations (Amendment) Act,2000

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