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Section 12A: Fees and allowances of directors and members of committees.

The Small Industries Development Bank of India Act, 1989Central Act · Act 39 of 1989

[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.]

Where this provision sits

ActThe Small Industries Development Bank of India Act, 1989
Section12A
Marginal noteFees and allowances of directors and members of committees.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 7 of 2000. . Subs. by Act 7 of 2000, s. 7, for section 12 (w.e.f. 27-3-2000).

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