SIDBI Act 24Chapter V · Small Indutries Development Assistance Fund
Section 24 · Debits to Small Industries Development Assistance Fund
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(1) To the Small Industries
Development Assistance Fund shall be debited--
(a) such amounts as may from time to time be disbursed or spend under section 23;
(b) such amounts as may be required for discharging the liabilities in respect of loans received for the purpose of that Fund;
(c) any loss arising on account of investment made out of that Fund; and
(d) such expenditure arising out of, or in connection with, the administration and application of that Fund as may be determined by the Board.
(2) No amount shall be debited to the Small Industries Development Assistance Fund except as provided for in sub-section (1).
(a) such amounts as may from time to time be disbursed or spend under section 23;
(b) such amounts as may be required for discharging the liabilities in respect of loans received for the purpose of that Fund;
(c) any loss arising on account of investment made out of that Fund; and
(d) such expenditure arising out of, or in connection with, the administration and application of that Fund as may be determined by the Board.
(2) No amount shall be debited to the Small Industries Development Assistance Fund except as provided for in sub-section (1).
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