Section 49 in The Small Industries Development Bank Of India (General Regulations), 2000*
49. Application of proceeds of sale of shares .-The net proceeds of any sale of shares under regulation 48 after deduction of costs of such sale, shall be applied in or towards the satisfaction of the debt or liability in respect whereof the lien exists so far as the same is presently payable and the residue, if any, paid to the shareholders or the person, if any, entitled by transmission to the shares so sold.
