Small Industries Development Bank of India Act : POWER TO ACQUIRE RIGHTS Indian Bare Acts :

Small Industries Development Bank of India Act,1989

Act No : 39

Section : POWER TO ACQUIRE RIGHTS

SECTION 18: POWER TO ACQUIRE RIGHTS

-The Small Industries Bank shall have the right to acquire, by transfer or assignment, the rights and interests of any public financial institution as defined in Section 4-A of the Companies Act, 1956 (1 of 1956)-(including any other rights incidental thereto) in relation to any loan or advance granted, or any amount recoverable by such institution, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument or in any other manner.