In force · As amended up to 2026-08
Chapter V: ## MISCELLANEOUS
CHAPTER V
MISCELLANEOUS
39. Power to give instructions to Financial Corporation on questions of policy.
40. Declaration of fidelity and secrecy.
41. Indemnity of directors.
- 41A. Protection of action taken by persons appointed under section 27 or section 32A.
- 41B. Nomination in respect of deposits, bonds, etc.
42. Offences.
43. Provisions relating to income-tax and super-tax.
- 43A. Delegation of powers.
- 43B. Reports to the Board.
SECTIONS
44. Act 18 of 1891 to apply to the books of the Financial Corporation.
45. Liquidation of Financial Corporation.
46. Power to apply Act to certain financial institutions in existence at commencement of Act.
46A. Extension of jurisdiction of the Financial Corporation to other States by agreement.
46B. Effect of Act on other laws.
47. [ Omitted .]
48. Power of Board to make regulations.
48A. Laying of rules and regulations before State Legislature.
48B. Power to make rules.
49. Power to remove difficulty.
THE SCHEDULE.
ACT NO. 63 OF 1951
THE STATE FINANCIAL CORPORATIONS ACT, 1951[1]
[31 st October , 1951.]
An Act to provide for the establishment of State Financial Corporations.
BE it enacted by Parliament as follows:—
Source: India Code