Section 54. Power to remove difficulties

54. Power to remove difficulties .—If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, in consultation with the Development Bank, by order, do anything, not inconsistent with such provisions, for the purpose of removing the difficulty: Provided that no such order shall be made after the expiration of three years from the date on which this Act receives the assent of the President. THE FIRST SCHEDULE [ See section 36(3)] Declaration of fidelity and secrecy I,........................., do hereby declare that I will faithfully, truly and to the best of my skill and ability execute and perform the duties required of me as director, member of............. committee, auditor, officer, other employee (as the case may be) of the Small Industries Development Bank of India and which properly relate to the office or position held by me in or in relation to the said Bank. I further declare that I will not communicate or allow to be communicated to any person not legally entitled thereto any information relating to the affairs of the Small Industries Development Bank of India or to the affairs of any person having any dealing with the said Bank, nor will I allow any such person to inspect or have access to any books or documents belonging to or in the possession of the said Bank relating to the business of the said Bank or the business of any person having any dealing with the said Bank. Signed before me. (Signature) ______ [ THE SECOND SCHEDULE ].— Rep. by the Repealing and Amending Act, 2001 (30 of 2001), s . 2 and The First Schedule (w.e.f. 3-9-2001). STATEMENT OF OBJECTS AND REASONS There has been a long standing demand of the tiny and small industries that there should be an apex bank for them. The intention of the Government to establish the Small Industries Development Bank of India to strengthen and broad-base the existing institutional arrangements to meet the requirements of industries in the small-scale sector was made clear in the budget speech for the year 1988-89. Hence this Bill.