Section 42: Small Industries Bank to have access to records .-(1) The Small Industries Bank shall have free access to all such records of any institution which seeks to avail of any credit facilities from the Small Industries Bank and to all such records of any such person who seeks to avail of any credit facilities from such institution, perusal whereof may appear to the Small Industries Bank to be necessary in connection with the providing of finance or other assistance to such institution or the refinancing of any loan or advance made to such person by the borrowing institution

Q: What does Section 42 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) deal with?

Section 42 SIDBI Act pertains to "Small Industries Bank to have access to records .-(1) The Small Industries Bank shall have free access to all such records of any institution which seeks to avail of any credit facilities from the Small Industries Bank and to all such records of any such person who seeks to avail of any credit facilities from such institution, perusal whereof may appear to the Small Industries Bank to be necessary in connection with the providing of finance or other assistance to such institution or the refinancing of any loan or advance made to such person by the borrowing institution". It is part of the The Small Industries Development Bank of India Act, 1989, a legislation enacted by the Parliament of India. Section 42 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) governs small Industries Bank to have access to records .-(1) The Small Industries Bank shall have free access to all such records of any institution which seeks to avail of any credit facilities from the Small Industries Bank and to all such records of any such person who seeks to avail of any credit facilities from such institution, perusal whereof may appear to the Small Industries Bank to be necessary in connection with the providing of finance or other assistance to such institution or the refinancing of any loan or advance made to such person by the borrowing institution. As verified on 19 May 2026.

Q: Is Section 42 SIDBI Act still in force?

Yes, Section 42 of the The Small Industries Development Bank of India Act, 1989 is currently in force across the Republic of India.

Q: What is धारा 42 SIDBI Act?

धारा 42 SIDBI Act is the Devanagari Hindi reference for Section 42 of the The Small Industries Development Bank of India Act, 1989. Section 42 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) governs small Industries Bank to have access to records .-(1) The Small Industries Bank shall have free access to all such records of any institution which seeks to avail of any credit facilities from the Small Industries Bank and to all such records of any such person who seeks to avail of any credit facilities from such institution, perusal whereof may appear to the Small Industries Bank to be necessary in connection with the providing of finance or other assistance to such institution or the refinancing of any loan or advance made to such person by the borrowing institution. As verified on 19 May 2026.

Q: What is Dhara 42 SIDBI Act?

Dhara 42 SIDBI Act is the Roman Hindi reference for Section 42 of the The Small Industries Development Bank of India Act, 1989. "Dhara" means "Section" in Hindi. Section 42 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) governs small Industries Bank to have access to records .-(1) The Small Industries Bank shall have free access to all such records of any institution which seeks to avail of any credit facilities from the Small Industries Bank and to all such records of any such person who seeks to avail of any credit facilities from such institution, perusal whereof may appear to the Small Industries Bank to be necessary in connection with the providing of finance or other assistance to such institution or the refinancing of any loan or advance made to such person by the borrowing institution. As verified on 19 May 2026.

Q: How to cite Section 42 of The Small Industries Development Bank of India Act, 1989?

Cite as: "Section 42, The Small Industries Development Bank of India Act, 1989 (SIDBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Small Industries Development Bank of India Act, 1989, § 42 (India).

Law on Tips Editorial Board

(2)

The Small Industries Bank may require any institution or person referred to in sub-section (1) to furnish to it copies of any of the records referred to in that sub-section and the institution or the person, as the case may be, shall be bound to comply with such requisition.