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Section 17 – The Small Industries Development Bank of India Act,1989

The Small Industries Development Bank of India Act,1989

Section 17. Power to transfer rights

The rights and interests of the Small Industries Bank (including any other rights incidental thereto) in relation to any loan or advance granted, or any amount recoverably, by it may be transferred by the Small Industries Bank, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument by endorsement, or in any other manner in which the rights and interests in relation to such loan or advance may be lawfully transferred, and the Small Industries Bank may, notwithstanding such transfer, act as the trustee for the transferee.

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The Small Industries Development Bank of India Act,1989

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