Home India Small Industries Deveopment Bank of India In exercise of the powers conferred by sub section (1) of Se...
Date: 2015-06-22 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section (1) of Section 52 of the Small Industries Development Bank of India Act, 1989 (39 of 1989), the Board of Directors of the Small Industries Development Bank of India hereby makes the following amendments to the Small Industries Development Bank of India (Staff) Regulation, 2001, namely.

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Executive Summary & Key Takeaways

This document is a notification of amendments to the Small Industries Development Bank of India (SIDBI) Staff Regulations, 2001. The notification, titled "The Small Industries Development Bank of India Staff Amendment Regulations, 2015," is issued by the Board of Directors of SIDBI, exercising powers conferred by subsection 1 of Section 52 of the Small Industries Development Bank of India Act, 1989 (39 of 1989). The amendments, which came into effect on June 1, 2015, involve revisions to Regulations 3 and 49, and the omission of the Schedule appended to the Regulations. Specifically, amendments to Regulation 3 involve omitting certain words related to "Appellate Authority" and specifying authorities in the schedule. Regulation 49 is amended to substitute existing words with "designated as per delegation of powers approved by the Board." The notification is identified by F.No. HRV No. 1231/Staff General/2015 and is signed by Dr. Kshatrapati Shivaji, IAS, Chairman. It was published in the Gazette of India, Extraordinary, Part III, Section 4, No. 225, on June 22, 2015.

Key Entities Referenced

Small Industries Development Bank of India: A development finance institution in India, referred to in the notification as the entity making the staff amendment regulations. Small Industries Development Bank of India Act, 1989: The act of parliament that empowers the Small Industries Development Bank of India. Small Industries Development Bank of India Staff Regulation, 2001: The existing staff regulation being amended by the current notification. Small Industries Development Bank of India Staff Amendment Regulations, 2015: The title of the new regulations being introduced. Board of Directors of the Small Industries Development Bank of India: The governing body of the Small Industries Development Bank of India, responsible for making the amendments. New Delhi: The city in India where the notification was issued. Dr. Kshatrapati Shivaji, IAS: Chairman of the organisation who has signed off on the document
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