Small Industries Development Bank of India Act : AUTHORISED CAPITAL Indian Bare Acts :

Small Industries Development Bank of India Act,1989

Act No : 39

Section : AUTHORISED CAPITAL

SECTION 04: AUTHORISED CAPITAL

The authorised capital of the Small Industries Bank shall be one thousand crores of rupees divided into seventy-five crores fully paid-up equity shares of rupees ten each and twenty-five crores of fully paid-up redeemable preference shares of rupees ten each: Provided that the Central Government may, on the recommendation of the Board, by notification, increase the authorised capital to an amount not exceeding two thousand crores of rupees consisting of such number of equity shares and redeemable preference shares as it may deem fit.