Small Industries Development Bank of India Act, 1989

The Small Industries Development Bank of India Act, 1989

भारतीय लघु उद्योग विकास बैंक अधिनियम, 1989

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	1989-39
Act Number:	39
Enactment Date:	1989-10-25
Act Year:	1989
Short Title:	The Small Industries Development Bank of India Act, 1989
Hindi Title:	भारतीय लघु उद्योग विकास बैंक अधिनियम, 1989
Long Title:	An Act to establish the Small Industries Development Bank of India as the principal financial institution for the promotion, financing and development of industry in the small-scale sector and to co-ordinate the functions of the institutions engaged in the promotion, financing or developing industry in the small-scale sector and for matters connected therewith or incidental thereto.
Ministry:	Ministry of Finance
Department:	Department of Financial Services
Enforcement Date:	07-03-1990
Notification:	7th March, 1990, vide notification No. S.O. 197(E), dated 7th March, 1990, see Gazette of India, Extraordinary, Part II, sec. 3(ii).


Schedule 1. THE FIRST SCHEDULE Order Appendix Forms
Schedule 2. THE SECOND SCHEDULE. Order Appendix Forms

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Show all section The Small Industries Development Bank of India Act, 1989

CHAPTER I

PRELIMINARY

CHAPTER II

ESTABLISHMENT OF THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA AND CAPITAL THEREOF

CHAPTER IV

BUSINESS OF THE SMALL INDUSTRIES BANK

CHAPTER IVA

SHARES

CHAPTER IVB

MEETINGS AND PROCEEDINGS

CHAPTER V

SMALL INDUTRIES DEVELOPMENT ASSISTANCE FUND

CHAPTER VI

SMALL INDUSTRIES GENERAL, FUND, ACCOUNTS AND AUDIT

CHAPTER VII

TRANSFER OF PART OF BUSINESS OF DEVELOPMENT BANK

CHAPTER VIII

MISCELLANEOUS


Section 1. Short title, extent and commencement.
Section 2. Definitions.
Section 3. Establishment and incorporation of Small Industries Development Bank of India.
Section 4. Authorised capital.
Section 4A. Conversion of equity shares into redeemable preference shares.
Section 4B. Transfer of capital.
Section 4C. Issued capital.
Section 4D. Reduction of share capital.
Section 4E. Restriction on exercising of voting right.
Section 5. Management.
Section 6. Constitution of Board.
Section 7. [Omitted.].
Section 8. Disqualification of directors.
Section 9. Vacation and resignation of office by directors.
Section 10. [Omitted.].
Section 11. [Omitted.].
Section 12. Executive Committee and other committees.
Section 12A. Fees and allowances of directors and members of committees.
Section 13. Business of Small Industries Bank.
Section 14. Loans by Central Government.
Section 15. Borrowings and acceptance of deposits by the Small Industries Bank.
Section 16. Investment.
Section 17. Power to transfer rights.
Section 18. Power to acquire rights.
Section 19. Loan in foreign currency.
Section 20. Grants, donations, etc., to the Small Industries Bank. Show Related Subordinates
Section 20A. Free transferability of shares.
Section 20B. Register of shareholders.
Section 20C. Trust not to be entered on the register of shareholders.
Section 20D. Board's right to refuse registration of transfer of shares. Show Related Subordinates
Section 20E. Shares to be securities under the Indian Trusts Act, 1882.
Section 20F. Annual general meeting.
Section 20G. Matters to be discussed and procedure in annual general meeting.
Section 21. Small Industries Development Assistance Fund.
Section 22. Credits to Small Industries Development Assistance Fund.
Section 23. Utilisation of Small Industries Development Assistance Fund.
Section 24. Debits to Small Industries Development Assistance Fund.
Section 25. Accounts and audit of Small Industries Development Assistance Fund.
Section 26. Liquidation of Small Industries Development Assistance Fund.
Section 27. Small Industries General Fund.
Section 28. Preparation of accounts and balance-sheet.
Section 29. Disposal of profits accruing to Small Industries General Fund.
Section 30. Audit.
Section 31. Saving.
Section 32. Transfer of part of business of Development Bank.
Section 33. Staff of Small Industries Bank.
Section 34. Delegation of powers.
Section 35. Returns.
Section 36. Obligations as to fidelity and secrecy.
Section 37. Defects in appointment not to invalidate acts, etc.
Section 37A. Amounts and securities to be held in trust.
Section 38. Rights of Small Industries Bank in case of default.
Section 39. Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate.
Section 40. Power to call for repayment before agreed period.
Section 41. Special provisions for enforcement of claims by Small Industries Bank.
Section 42. Small Industries Bank to have access to records. Show Related Subordinates
Section 43. Validity of loan or advance not to be questioned.
Section 44. Indemnity of Directors.
Section 45. Protection of action taken under this Act.
Section 46. Nomination by depositors or holders of bonds or other securities.
Section 47. Arrangement with Small Industries Bank on appointment of directors to prevail.
Section 48. Act 18 of 1891 to apply in relation to Small Industries Bank.
Section 49. Act 10 of 1949 not to apply to Small Industries Bank.
Section 50. [Omitted.].
Section 51. Liquidation of Small Industries Bank.
Section 51A. Power to make rules by Central Government.
Section 52. Power to make regulations. Show Related Subordinates
Section 53. [Repealed].
Section 54. Power to remove difficulties.


Schedule 1. THE FIRST SCHEDULE Order Appendix Forms
Schedule 2. THE SECOND SCHEDULE. Order Appendix Forms

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
21-06-1990	Small Industries Development Bank of India (Issue and Management of Bonds) Regulations, 1990
20-11-1990	Small Industries Development Bank of India (Employees’ Provident Fund) Regulations, 1990
13-11-2000	SIDBI General Regulation-2000
13-11-2000	Small Industries Development Bank of India (General) Regulations, 2000
22-12-2000	Small Industries Development Bank of India (General) Regulations, 2000 – Corrigendum
16-02-2001	Small Industries Development Bank of India (Employees' Gratuity and Superannuation Fund) Regulations, 2000
26-12-2001	Small Industries Development Bank of India (Staff) Regulations, 2001
20-02-2002	Small Industries Development Bank of India (Issue and Management of Bonds) Amendment Regulations, 2001
17-07-2002	Small Industries Development Bank of India (Payment of Gratuity to Employees) Regulations, 2002
17-07-2002	Small Industries Development Bank of India (Employees' Gratuity and Superannuation Fund) Amendment Regulations, 2002
17-07-2002	Small Industries Development Bank of India (Pension) Regulations, 2002
03-06-2003	Small Industries Development Bank of India (Payment of Gratuity to Employees) Amendment Regulations, 2003
09-03-2004	Small Industries Development Bank of India (Employees' Provident Fund) Amendment Regulations, 2004
29-08-2006	SIDBI (Issue and Management of Bonds ) Amendment Regulations 2006
29-08-2006	Small Industries Development Bank of India (Issue and Management of Bonds) Amendment Regulations, 2006
24-05-2010	Small Industries Development Bank of India (Payment of Gratuity to Employees) Amendment Regulations, 2010
06-01-2011	Small Industries Development Bank of India (General) Amendment Regulations, 2011
01-06-2011	Small Industries Development Bank of India (Employees' Provident Fund) Amendment Regulations, 2011
27-01-2012	Small Industries Development Bank of India (Staff) Amendment Regulations, 2011
13-05-2013	Small Industries Development Bank of India (General) Amendment Regulations, 2013
26-06-2013	Small Industries Development Bank of India (Defined Contributory New Pension) Regulations, 2012
01-04-2014	Small Industries Development Bank of India (Staff) Amendment Regulations, 2014
01-06-2015	Small Industries Development Bank of India (Staff) Amendment Regulations, 2015
01-01-2016	Small Industries Development Bank of India (Payment of Gratuity to Employees) Amendment Regulations, 2017
01-04-2017	Small Industries Development Bank of India (Staff) Amendment Regulations, 2017
12-04-2017	Payment of Gratuity to Employees Amendment Regulations, 2017
01-02-2018	Small Industries Development Bank of India (Staff) Amendment Regulations, 2018
09-11-2019	Small Industries Development Bank of India (Staff) Amendment Regulations, 2019
01-01-2021	Small Industries Development Bank of India (Defined Contributory New Pension) Amendment Regulations, 2022
01-04-2021	SIDBI Pension Amendment Regulations, 2022
16-02-2023	SIDBI (Access to Records) Regulations, 2021

Schedule 1. THE FIRST SCHEDULE

Schedule 2. THE SECOND SCHEDULE.