The Small Industries Development Bank of India Act

Establishment and incorporation of Small Industries Development Bank of India

Authorised capital

Conversion of equity shares into redeemable preference shares

Transfer of capital

Issued capital

Reduction of share capital

Restriction on exercising of voting right

Management

Constitution of Board

[Omitted.]

Disqualification of directors

Vacation and resignation of office by directors

Executive Committee and other committees

Fees and allowances of directors and members of committees


ESTABLISHMENT OF THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA AND CAPITAL THEREOF


1[12A. Fees and allowances of directors and members of committees.--The directors and the
members of a committee shall be paid such fees and allowances as may be prescribed for attending the
meetings of the Board or of any committee constituted in pursuance of this Act and for attending to any
other work of the Small Industries Bank:

Provided that no fees shall be payable to the chairman and managing director or to the whole-time
directors or to any other director who is an official of the Government.]


LAWGIST

# 12A Fees and allowances of directors and members of committees