Section 4: Establishment of Board .-(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established a Board to be known as the "Board for Industrial and Financial Reconstruction" to exercise the jurisdiction and powers and discharge the functions and duties conferred or imposed on the Board by or under this Act

Q: What does Section 4 of The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) deal with?

Section 4 SICA pertains to "Establishment of Board .-(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established a Board to be known as the "Board for Industrial and Financial Reconstruction" to exercise the jurisdiction and powers and discharge the functions and duties conferred or imposed on the Board by or under this Act". It is part of the The Sick Industrial Companies (Special Provisions) Act, 1985, a legislation enacted by the Parliament of India. Section 4 of The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) governs establishment of Board .-(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established a Board to be known as the "Board for Industrial and Financial Reconstruction" to exercise the jurisdiction and powers and discharge the functions and duties conferred or imposed on the Board by or under this Act. As verified on 19 May 2026.

Q: Is Section 4 SICA still in force?

Yes, Section 4 of the The Sick Industrial Companies (Special Provisions) Act, 1985 is currently in force across the Republic of India.

Q: What is धारा 4 SICA?

धारा 4 SICA is the Devanagari Hindi reference for Section 4 of the The Sick Industrial Companies (Special Provisions) Act, 1985. Section 4 of The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) governs establishment of Board .-(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established a Board to be known as the "Board for Industrial and Financial Reconstruction" to exercise the jurisdiction and powers and discharge the functions and duties conferred or imposed on the Board by or under this Act. As verified on 19 May 2026.

Q: What is Dhara 4 SICA?

Dhara 4 SICA is the Roman Hindi reference for Section 4 of the The Sick Industrial Companies (Special Provisions) Act, 1985. "Dhara" means "Section" in Hindi. Section 4 of The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) governs establishment of Board .-(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established a Board to be known as the "Board for Industrial and Financial Reconstruction" to exercise the jurisdiction and powers and discharge the functions and duties conferred or imposed on the Board by or under this Act. As verified on 19 May 2026.

Q: How to cite Section 4 of The Sick Industrial Companies (Special Provisions) Act, 1985?

Cite as: "Section 4, The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA)" in legal briefs. For academic writing, use the BlueBook format: The Sick Industrial Companies (Special Provisions) Act, 1985, § 4 (India).

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(2)

The Board shall consist of a Chairman and not less than two and not more than fourteen other Members, to be appointed by the Central Government.

(3)

The Chairman and other Members of the Board shall be persons who are or have been or are qualified to be High Court Judges, or persons of ability, integrity and standing who have special knowledge of, and professional experience of not less than fifteen years in science, technology, economics, banking industry, law, labour matters, industrial finance, industrial management, industrial reconstruction administration, investment accountancy, marketing or any other matter, the special knowledge of, or professional experience in which, would be in the opinion of the Central Government be useful to the Board.