SIDBI Act 4EChapter II · Establishment of the Small Industries Development Bank of India and Capital Thereof
Section 4E · Restriction on exercising of voting right
Text size — level 1 of 4
1[4E. Restriction on exercising of voting right.--Every shareholder of the Small Industries Bank
holding equity shares shall have a right to vote in respect of such shares on every resolution and his
voting right on a poll shall be in proportion to his share of the paid-up equity share capital of the Small
Industries Bank:
Provided, however, that no shareholder, other than the Development Bank, the public sector banks, the General Insurance Corporation, the Life Insurance Corporation and other institutions owned or controlled by the Central Government, shall be entitled to exercise voting rights in respect of any equity shares held by him in excess of ten per cent. of the issued equity share capital.]
Provided, however, that no shareholder, other than the Development Bank, the public sector banks, the General Insurance Corporation, the Life Insurance Corporation and other institutions owned or controlled by the Central Government, shall be entitled to exercise voting rights in respect of any equity shares held by him in excess of ten per cent. of the issued equity share capital.]
Your private note on this section
Only you can see this note.