Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 5 – The Small Industries Development Bank of India Act,1989

The Small Industries Development Bank of India Act,1989

Section 5. Management

(1) The general superintendence, direction and management of the affairs and business of the Small Industries Bank shall vest in a Board of Directors, which may exercise all powers and do all acts and things which may be exercised or done by the Small Industries Bank.

(2) In the discharge of its functions under this Act, the Small Industries Bank shall be guided by such directions in matters of policy involving public interest as the Central Government, in consolation with the Development Bank, or the Development Bank, may given in writing.

(3) Save as otherwise provided in regulations made under this Act, the Chairman shall also have power of general superintendence and direction of the affairs and business of the Small Industries Bank and may also exercise all powers and do all acts and things which may be exercised or done by that Bank.

(4) Subject to the provisions of this Act, the Board in discharging its functions shall act on business principles with due regard to public interest.

Previous | Next

The Small Industries Development Bank of India Act,1989

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2020 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation