Section 35 of The Small Industries Development Bank of India Act, 1989
The Small Industries Bank shall furnish from time to time to 1[the Central Government and the Reserve Bank] such returns as they may require.
Summary
- The bank is required to provide official reports, known as returns.
- These returns must be submitted to both the Central Government and the Reserve Bank.
- The bank must furnish these documents from time to time, based on whatever information those two authorities require.
Practical examples
FAQ
1. Does the bank have to report its activities to outside authorities?
Yes, it must furnish returns to the Central Government and the Reserve Bank.
2. Is there a strict monthly schedule for these returns mentioned in this rule?
No, the rule simply says the returns must be provided "from time to time" as required by the authorities.
Test yourself
Q1.Under Section 35 of The Small Industries Development Bank of India Act, 1989, which entities are explicitly entitled to require returns from the bank?
Q2.Under Section 35 of The Small Industries Development Bank of India Act, 1989, how often must the bank furnish these returns?
Q3.Under Section 35 of The Small Industries Development Bank of India Act, 1989, what specific type of document is the bank ordered to furnish?
Q4.Under Section 35 of The Small Industries Development Bank of India Act, 1989, whose requirements determine the content of the returns?