Section 4: 3. For section 4 of the principal Act, the following section shall be substituted, namely

The Industrial Development Bank of India (Amendment) Ordinance, 1994.Ordinance · 1994

Authorised capital.

"4. (1) The authorised capital of the Development Bank shall be two thousand crores of rupees divided into one hundred and fifty crores fully jpaid-up equity shares of rupees ten each and, subject to provisions of section 4E, fifty crores of fully paid-up redeemable preference shares of rupees ten each,

(2) The Development Bank may, from time to time, by a resolution in general meeting, increase the authorised capital to an amount not exceeding five thousand crores of rupees consisting of such number of equity shares and redeemable preference shares as it deems fit.

Amendment of section

4A.

4. In section 4A of the principal Act, subjection (2) shall be omitted.

Insertion of new sections 4C, 4D and 4E.

Where this provision sits

Act	The Industrial Development Bank of India (Amendment) Ordinance, 1994.
Section	4
Marginal note	3. For section 4 of the principal Act, the following section shall be substituted, namely
Status	In force as published by the source

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