The Board may, for the purpose of enforcing lien referred to in regulation 47 sell the shares subject thereto in such manner as it thinks fit, but no sale shall be made unless any sum in respect of which the lien exists is presently payable nor until notice in writing of the intention to sell shall have been served on such shareholder or person, if any, entitled for transmission to the shares and default shall have been made by him in payment of the sum presently payable for seven days after such notice.
Section 48: Enforcing lien by sale of share
Small Industries Development Bank of India (General) Regulations, 2000Central Regulations · 1989
Where this provision sits
| Act | Small Industries Development Bank of India (General) Regulations, 2000 |
|---|---|
| Section | 48 |
| Marginal note | Enforcing lien by sale of share |
| Jurisdiction | Central |
| Status | In force as published by the source |
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