Notification S.O. 3163(E), dated 12th May, 1992 [N12-5S8]
As at 7 September 2026. In force from 12 May 1992.
S.O. 3163(E).—In exercise of the powers conferred by section 10 of the Small Industries Development Bank of India Act, 1989 (39 of 1989), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts financials institution whose the making of deposits does not exceed fifty thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Reserve Bank in writing of the commencement of the making of deposits within sixty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Small Industries Development Bank of India Act, 1989 (39 of 1989), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Small Industries Development Bank of India Act, 1989 (39 of 1989) [S1W-35Z]. Vires verified.
Acts on (1)
Exempts Section 4, Small Industries Development Bank of India Act, 1989 [S1W-2ZA], 12 May 1992. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none