Section 39: Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate .-(1) Where any property, effects or actionable claims are sold or leased in pursuance of any power conferred by section 38, the Small Industries Bank or any other person authorised by it may, for the purpose of taking into custody or under control any such property, effects or actionable claims, request, in writing, the Chief Metropolitan Magistrate or the District Magistrate within whose jurisdiction any such property, effects, actionable claims, books of account or other documents relating thereto may be situated or found, to take possession thereof, and the Chief Metropolitan Magistrate or the District Magistrate shall, on such request being made to him,

Q: What does Section 39 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) deal with?

Section 39 SIDBI Act pertains to "Power to seek assistance of Chief Metropolitan Magistrate or District Magistrate .-(1) Where any property, effects or actionable claims are sold or leased in pursuance of any power conferred by section 38, the Small Industries Bank or any other person authorised by it may, for the purpose of taking into custody or under control any such property, effects or actionable claims, request, in writing, the Chief Metropolitan Magistrate or the District Magistrate within whose jurisdiction any such property, effects, actionable claims, books of account or other documents relating thereto may be situated or found, to take possession thereof, and the Chief Metropolitan Magistrate or the District Magistrate shall, on such request being made to him,". It is part of the The Small Industries Development Bank of India Act, 1989, a legislation enacted by the Parliament of India. Section 39 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) governs power to seek assistance of Chief Metropolitan Magistrate or District Magistrate .-(1) Where any property, effects or actionable claims are sold or leased in pursuance of any power conferred by section 38, the Small Industries Bank or any other person authorised by it may, for the purpose of taking into custody or under control any such property, effects or actionable claims, request, in writing, the Chief Metropolitan Magistrate or the District Magistrate within whose jurisdiction any such property, effects, actionable claims, books of account or other documents relating thereto may be situated or found, to take possession thereof, and the Chief Metropolitan Magistrate or the District Magistrate shall, on such request being made to him,. As verified on 19 May 2026.

Q: Is Section 39 SIDBI Act still in force?

Yes, Section 39 of the The Small Industries Development Bank of India Act, 1989 is currently in force across the Republic of India.

Q: What is धारा 39 SIDBI Act?

धारा 39 SIDBI Act is the Devanagari Hindi reference for Section 39 of the The Small Industries Development Bank of India Act, 1989. Section 39 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) governs power to seek assistance of Chief Metropolitan Magistrate or District Magistrate .-(1) Where any property, effects or actionable claims are sold or leased in pursuance of any power conferred by section 38, the Small Industries Bank or any other person authorised by it may, for the purpose of taking into custody or under control any such property, effects or actionable claims, request, in writing, the Chief Metropolitan Magistrate or the District Magistrate within whose jurisdiction any such property, effects, actionable claims, books of account or other documents relating thereto may be situated or found, to take possession thereof, and the Chief Metropolitan Magistrate or the District Magistrate shall, on such request being made to him,. As verified on 19 May 2026.

Q: What is Dhara 39 SIDBI Act?

Dhara 39 SIDBI Act is the Roman Hindi reference for Section 39 of the The Small Industries Development Bank of India Act, 1989. "Dhara" means "Section" in Hindi. Section 39 of The Small Industries Development Bank of India Act, 1989 (SIDBI Act) governs power to seek assistance of Chief Metropolitan Magistrate or District Magistrate .-(1) Where any property, effects or actionable claims are sold or leased in pursuance of any power conferred by section 38, the Small Industries Bank or any other person authorised by it may, for the purpose of taking into custody or under control any such property, effects or actionable claims, request, in writing, the Chief Metropolitan Magistrate or the District Magistrate within whose jurisdiction any such property, effects, actionable claims, books of account or other documents relating thereto may be situated or found, to take possession thereof, and the Chief Metropolitan Magistrate or the District Magistrate shall, on such request being made to him,. As verified on 19 May 2026.

Q: How to cite Section 39 of The Small Industries Development Bank of India Act, 1989?

Cite as: "Section 39, 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, § 39 (India).

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take possession of such property, effects, actionable claims, or books of account or other documents relating thereto; and

forward them to the Small Industries Bank or such other person, as the case may be.

(2)

For the purpose of securing compliance with the provisions of sub-section (1), the Chief Metropolitan Magistrate or the District Magistrate may take or cause to be taken such steps and use, or cause to be used, such force as may, in his opinion, be necessary.

(3)

No act of the Chief Metropolitan Magistrate or the District Magistrate done in pursuance of this section shall be called in question in any Court or before any authority.