Act Info:
Preamble1 - INDUSTRIAL DEVELOPMENT BANK OF INDIA ACT, 1964
Chapter 1 Section1 - Short title, extent and commencement
Section2 - Definitions
Chapter 2 Section3 - Establishment and incorporation of Industrial Development Bank of India
Section4 - Authorised capital
Section4A - Transfer of capital to Central Government
Section4B - Payment of amount
Section4C - Issued capital
Section4D - Reduction of share capital
Section4E - Conversion of equity shares into redeemable preference shares
Chapter 3 Section5 - Management
Section6 - Constitution of Board
Section6A - Omitted
Section6B - Disqualification of directors
Section6C - Vacation of office by director
Section7 - Executive Committee and other Committees
Section8 - Fees and allowances of directors and members of committees
Chapter 4 Section9 - Business of Development Bank
Section9A - Prohibited business
Section10 - Loans by Central Government
Section11 - Borrowings and acceptance of deposits by Development Bank
Section11A - Power to transfer right
Section11B - Power to acquire rights
Section12 - Loans in foreign currency
Section13 - Grants, donations, etc. to Development Bank
Chapter4A - SHARES
Section13A - Free transferability of shares
Section13B - Register of shareholders
Section13BA - Register of beneficial owners
Section13C - Trust not to be entered on the register of shareholders
Section13D - Board's right to refuse registration of transfer of shares
Section13E - Shares to be securities under the Indian Trusts Act, 1882
Chapter 4B Section13F - Annual general meeting
Section13G - Restriction on exercising of voting right
Section13H - Matters to be discussed and procedure in annual general meeting
Chapter 5 Section14 - Development Assistance Fund
Section15 - Credits to Development Assistance Fund
Section16 - Utilisation of Development Assistance Fund
Section17 - Debits to Development Assistance Fund
Section18 - Accounts and Audit of Development Assistance Fund
Section19 - Liquidation of Development Assistance Fund
Chapter 6 Section20 - General Fund
Section21 - Preparation of accounts and balance-sheet
Section22 - Disposal of profits accruing to General Fund
Section23 - Audit
Section24 - Saving
Chapter 7 Section25 - Transfer of assets and liabilities of Refinance Corporation for Industry
Chapter 8 Section26 - Staff of Development Bank
Section27 - Delegation of powers
Section28 - Returns
Section29 - Obligation as to fidelity and secrecy
Section30 - Defects in appointments not to invalidate acts, etc.
Section30A - Arrangement with Development Bank on appointment of directors to prevail
Section31 - Indemnity of directors
Section32 - Protection of action taken under this Act
Section32A - Nomination in respect of deposits, bonds, etc.
Section33 - Act 18 of 1891 to apply in relation to Development Bank
Section34 - Act 10 of 1949 not to apply to Development Bank
Section35 - Act 43 of 1961 and 14 of 1963 not to apply to Development Bank
Section36 - Liquidation of Development Bank
Section37 - Power to make regulations
Section38 - Amendment of certain enactments
Section39 - Power to remove difficulty
Schedule1 - THE FIRST SCHEDULE
Schedule2 - THE SECOND SCHEDULE
Repealing Act1 - THE INDUSTRIAL DEVELOPMENT BANK (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2003