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Union of India - Section

Section 45 in The Small Industries Development Bank Of India (General Regulations), 2000*

45. Partial payment not to preclude forfeiture .-Neither a judgment nor a decree in favour of the Small Industries Bank for calls or other moneys due in respect of any shares nor any payment or satisfaction thereunder nor the receipt by the Small Industries Bank of a portion of any money which shall be due from any shareholder from time to time in respect of any shares either by way of principal or interest nor any indulgence granted by the Small Industries Bank in respect of payment of any money shall preclude the forfeiture of such shares under these regulations.