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Indian Law - Bare Acts India
Banking Law -
AGRICULTURAL REFINANCE AND DEVELOPMENT CORPORATION ACT, 1963


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10 of 1963

 

1. Short title, extent and commencement

2. Definitions

3. Establishment and incorporation of Agricultural Refinance Corporation

3A. Change of name of 'Agricultural Refinance Corporation'

4. Offices and agencies

5. Share capital and shareholders

6. Guarantee by Central Government

7. Shares of Corporation to be deemed to be securities for certain par poses

8. Register of shareholders

9. Management

10. Board of directors

11. Term of office and retirement of directors and payment of fees of them

12. Disqualifications

13. Vacation and resignation of office by directors

14. Managing director

15. Casual vacancies in the office of managing director

16. Meetings of Board

17. Committees of Corporation

18. Member of Board or Committee thereof not to vote in certain cases

19. Central Government to make a loan of five crores of rupees

20. Borrowings by Corporation

21. Loans in foreign currency

22. Business which the Corporation may transact

23. Section

24. Power to unpose conditions for accommodation

25. Power to call for repayment before agreed period

26. Deposit accounts and investments

27. Preparation of balance-sheet, etc., of Corporation

28. Disposal of profits

29. Special deposit

30. Audit

31. General meetings

32. Returns

33. Power of Central Government to give directions

34. Staff of Corporation

35. Corporation to have access to records

36. Act 18 of 1891 to apply to books of Corporation

37. Liquidation of Corporation

38. Indemnity of directors

39. Defects in appointment not to invalidate acts, etc

40. Protection of action taken under the Act

41. Declaration of fidelity and secrecy

42. Provisions relating to income-tax and super-tax

42-A Corporation to be exempt from income-tax and surtax for a certain period

43. Delegation of powers44. Penalties45. Offences by companies

44. Penalties

45. Offences by companies

46. Powers of Board to make regulations

47. Amendment of certain enactments

SCHEDULE 1. DECLARATION OF FIDELITY AND SECRECY

SCHEDULE 2. AMENDMENT OF CERTAIN ENACTMENTSPART

 

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