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Section 8 – The Small Industries Development Bank of India Act,1989

The Small Industries Development Bank of India Act,1989

Section 8. Disqualifications

No person shall be a Director if he-

(a) Is, or becomes, of unsound mind or is so declared by a competent court; or

(b) Is, or has been, convicted of any offence which, in the opinion of the Development Bank, involves moral turpitude; or

(c) Is, or at any, time has been, adjudicated as insolvent or has suspended payment of his debts or has compounded with his creditors.

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The Small Industries Development Bank of India Act,1989

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