28. Amendment of section 39.-In section 39 of the principal Act,- (a) in sub-section (1), for the words "Development Bank", the words "Small Industries Bank" shall be substituted;
(b) after sub-section (2), the following sub-sections shall be inserted, namely:-
''(2A) Nothing contained in sub-section (1) and sub-section (2) shall apply in a case where a State Government holds less than fifty-one per cent. of the equity shares in the Financial Corporation. (2B) Notwithstanding the equity share holding of a Financial Corporation by a State Government, the State Government may advise the Financial Corporations on the matters of policy.''.
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