State Financial Corporations Act,1951 |
Act No : 63 of 1951 |
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Contents of Act: |
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SECTION( 5. ) Restrictions on transfer of shares. | |
SECTION( 6. ) Shares to be guaranteed by the State Government and to be trust orapproved securities. | |
SECTION( 7. ) Additional capital of the Financial Corporation and its borrowingpowers. | |
SECTION( 7A. ) Power to transfer rights. | |
SECTION( 8. ) Deposits with the Financial Corporation. | |
SECTION( 9. ) Management of Financial Corporations. | |
SECTION( 10. ) Board of directors. | |
SECTION( 10A. ) Vacation of office by an elected director. | |
SECTION( 11. ) Term of office and retirement of directors. | |
SECTION( 12. ) Disqualifications for being a director. |