Skip to content


Bare Act Search Results

Home Bare Acts Phrase: account stated

Sign-up to get more results

Unlock complete result pages and premium legal research features.

Start Free Trial

Multi State Co-operative Societies Act, 1984 [Repealed] Repealing Act 1

Title: Multi-state Co-operative Societies Act, 2002

State: Central

Year: 1984

.....shall apply to-- (a) all co-operative societies, with objects not confined to one State which were incorporated before the commencement of this Act,-- (i) under the Co-operative Societies Act, 1912, 2 OF 1912 or (ii) under any other law relating to co-operative societies in force in any State or in pursuance of the Multi-unit Co-operative Societies Act, 1942, 6 of 1942 or the Multi-State Co-operative Societies Act, 1984, 51 of 1984, and the registration of which has not been cancelled before such commencement; and (b) all multi-State co-operative societies. 3. Definitions In this Act, unless the context otherwise requires,-- (a) "area of operation" means the area from which the persons are admitted as members; (b) "board" means the board of directors or the governing body of a multi-State co-operative society, by whatever name called, to which the direction and control of the management of the affairs of the society is entrusted; (c) "bye-laws" means the bye-laws for the time being in force which have been duly registered or deemed to have been registered under this Act and includes amendments thereto which have been duly registered or deemed to have been.....

View Complete Act      List Judgments citing this section

State Bank of India Subsidiary Banks Act, 1959 Chapter VII

Title: Accounts and Audit

State: Central

Year: 1959

.....Laws (Amendment) Act(16 of 1988) Section 20 w.e.f. 30-12-88. 4. Substituted by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) for the word "December" Section 40 - Disposal Of Profits (1) After making provision for bad anddoubtful debts, depreciation in assets, equalisation of dividends, contributionto staff and superannuation funds and for all other matters for which provisionis necessary by or under this Act or which are usually provided for by bankingcompanies, a subsidiary bank may, out of its net profits, declare a dividend. (2) The rate of dividend shallbe determined by the Board of Directors of the subsidiary bank concerned. (3) Nothing in this section shallbe deemed to preclude the payment of interim dividends in such manner and tosuch extent as may be prescribed. Section 40A - Transfer of unpaid or unclaimed dividend to unpaid dividend account 1[40A. Transfer of unpaid or unclaimed dividend to unpaid dividend account.- (1) Where, after the commencement of the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007, a dividend has been declared by the subsidiary bank but has not been paid, or.....

View Complete Act      List Judgments citing this section

State Bank of India Act, 1955 Chapter 7

Title: Funds, Accounts and Audit

State: Central

Year: 1955

.....Act No. 3 of 1994, Section 18 (w.e.f. 15th October, 1993). 6. Substituted for the the words "Reserve Bank" by the State Bank of India (Amendment) Act, 2007 [Act No. 32 of 2007]. 7. Omitted the words "the Reserve Bank or" by the State Bank of India (Amendment) Act, 2007 [Act No. 32 of 2007]. 8. Substituted for the the words "paid to that Bank" by the State Bank of India (Amendment) Act, 2007 [Act No. 32 of 2007]. Section 37 - Reserve Fund The State Bank shall establish a Reserve Fund which shall consist of-- (a) the amount held in the Reserve Fund of the Imperial Bank transferred to the State Bank on the appointed day; and (b) such further sums as may be transferred to it by the State Bank out of its annual net profits before declaring a dividend. Section 38 - Disposal of profits (1)After making provision for bad and doubtful debts, depreciation in assets,equalisation of dividends, contribution to staff and superannuation funds andfor all other matters for which provisions is necessary by or under this Act orwhich are usually provided for by banking companies, the State Bank may, out ofits net profits, declare a dividend. (2)Subject to the provisions of para......

View Complete Act      List Judgments citing this section

State Financial Corporations Act, 1951 Chapter IV

Title: Investment of Funds, Accounts and Audit

State: Central

Year: 1951

.....1980)]4 [or, in consultation with the Reserve Bank, in a scheduled bank or a State Co-operative Bank]. ______________________ 1. Substituted by Act 6 of 1962, section 17, for "or with any agency of the Reserve Bank other than a Government treasury" (w.e.f. 16-4-1962). 2. Inserted by Act 77 of 1972, section 22 (w.e.f. 30-12-1972). 3. Inserted by Act 43 of 1985, section 22 (w.e.f. 21-8-1985). 4. Substituted by Act 56 of 1956, section 18, for "or in a scheduled bank in consultation with the Reserve Bank" (w.e.f. 1-10-1956). Section 34 - Investment of funds 1[34. Investment of funds The Financial Corporation may invest its funds in accordance with applicable guidelines and prudential norms as may be prescribed and in such securities as the Board may decide from time to time.] ______________________ 1. Substituted by Act 39 of 2000, section 21, for section 34 (w.e.f. 5-9-2000). Section 35 - Disposal of profits (1) The Financial Corporation shall establish a reserve fund. (2) After making provision for bad and doubtful debts, depreciation of assets and all other matters which are usually provided for by banking companies, the Financial Corporation may out of.....

View Complete Act      List Judgments citing this section

State Bank of India Subsidiary Banks Act, 1959 Amending Act 2

Title: The State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007

State: Central

Year: 1959

.....An Act further to amend the State Bank of Saurashtra Act, 1950, the State Bank of Hyderabad Act, 1956 and the State Bank of India (Subsidiary Banks) Act, 1959. be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-- PART I PRELIMINARY 1. Short title and commencement (1) This Act may be called the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appoi'nted for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. CHAPTER II AMENDMENTS TO THE STATE BANK OF SAURASHTRA ACT, 1950 2. Substitution of new section for section 5 For section 5 of the State Bank of Saurashtra Act, 1950 (hereafter in this Chapter referred to as the State Bank of Saurashtra Act), the following section shall be substituted, namely:-- "5. Authorised Capital - (1) Subject to the provisions of this Act, the authorised capital of the Saurashtra Bank shall.....

View Complete Act      List Judgments citing this section

State Bank of India Act, 1955 Amending Act 2

Title: The State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007

State: Central

Year: 1955

.....An Act further to amend the State Bank of Saurashtra Act, 1950, the State Bank of Hyderabad Act, 1956 and the State Bank of India (Subsidiary Banks) Act, 1959. be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-- PART I PRELIMINARY 1. Short title and commencement (1) This Act may be called the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appoi'nted for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. CHAPTER II AMENDMENTS TO THE STATE BANK OF SAURASHTRA ACT, 1950 2. Substitution of new section for section 5 For section 5 of the State Bank of Saurashtra Act, 1950 (hereafter in this Chapter referred to as the State Bank of Saurashtra Act), the following section shall be substituted, namely:-- "5. Authorised Capital - (1) Subject to the provisions of this Act, the authorised capital of the Saurashtra Bank shall.....

View Complete Act      List Judgments citing this section

State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Chapter IV

Title: Amendment to the State Bank of India (Subsidiary Banks) Act, 1959

State: Central

Year: 2007

..... Section 25 - Amendment of section 55 In section 55 of the State Bank of India (Subsidiary Banks) Act, for the words "Banking Companies Act", the words "Banking Regulation Act" shall be substituted. Section 26 - Amendment of section 63 In section 63 of the State Bank of India (Subsidiary Banks) Act,-- (a) for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) The Board of Directors of a subsidiary bank may, after consultation with the State Bank and with the previous approval of the Reserve Bank, by notification in the Official Gazette, make regulations not inconsistent with this Act and the rules made thereunder, to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Act or any other law for the time being in force;"; (b) in sub-section (2),-- (i) after clause (f), the following clauses shall be inserted, namely:-- "(fa) the procedure for issuing the certificates of shares; (fb) the procedure with respect to increase, whether by public issue or by preferencial allotment or private placement, the issued capital by issue of equity or preference.....

View Complete Act      List Judgments citing this section

The State Bank of India (Amendment) Act, 2010 No. 27 of 2010[24th August, 2010.] Complete Act

Title: The State Bank of India (Amendment) Act, 2010 No. 27 of 2010[24th August, 2010.]

State: Central

Year: 2010

An Act further to amend the State Bank of India Act, 1955.BE it enacted by Parliament in the Sixty-first Year of the Republic of India as follows:- 1. Short title and commencement. - (1) This Act may be called the State Bank of India (Amendment) Act, 2010.(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. 2. Amendment of section 2. - In section 2 of the State Bank of India Act, 1955 (hereinafter referred to as the principal Act), clause (i) shall be omitted. 3. Substitution of new section for section 4. - For section 4 of the principal Act, the following section shall be substituted, namely:-"4. Authorised capital. - Subject to the provisions of this Act, the authorised capital of the State Bank shall be five thousand crores of rupees divided into five hundred crores of fully paid-up shares of ten rupees each:Provided that the Central Board may reduce the nominal or face value of.....

List Judgments citing this section

State Universities Act, 2000 (29 of 2001) Chapter VI

Title: Finance and Accounts

State: Karnataka

Year: 2000

.....Accountant General through the State Government. Section 50 - Annual Report (1) The Syndicate shall prepare the annual report containing all the particulars highlighting the activities of the University, target and achievements concerning each financial year and submit it to the Academic Council before 30th June. The Academic Council may pass resolutions thereon and refer back the annual report to the Syndicate for compliance. The Syndicate shall take action in accordance therewith. The action taken thereon shall be intimated to the Academic Council at its earliest next meeting. (2) Copies of the annual report incorporating the resolutions of the Academic Council shall be submitted to the State Government before 30th of September every year. The State Government shall lay the same before both the houses of the State legislature at their next earliest sessions.

View Complete Act      List Judgments citing this section

Chartered Accountants Act, 1949 Chapter II

Title: The Institute of Chartered Accountants of India

State: Central

Year: 1949

..... 1. Substituted for the words "acceding States" by A. L. O. 1950. 2. Substituted by the Chartered Accountants (Amendment) Act, 1955 (40 of 1955), Section 2 (21-10-1955). 3. Substituted by the Chartered Accountants (Amendment) Act, 2006, dated 22nd March, 2006. Prior to substitution, it read as under:- "(3) Every person belonging to any of the classes mentioned in clauses (ii), (iii), (iv), (v) and (vi) of sub-section (1) shall have his name entered in the Register on application being made and granted in the prescribed manner and on payment of the prescribed fee, which shall not exceed rupees three hundred in any case." Section 5 - Fellows and associates (1) The members of the Institute shall be divided into two classes designated respectively as associates and fellows. (2) Any person shall, on his name being entered in the Register, be deemed to have become an associate member of the Institute and be entitled to use the letters A. C. A. after his name to indicate that he is an associate member of the Institute of Chartered Accountants. 2[(3) A member, being an associate who has been in continuous practice in India for at.....

View Complete Act      List Judgments citing this section

  • << Prev.

Sign-up to get more results

Unlock complete result pages and premium legal research features.

Start Free Trial

Save Judgments// Add Notes // Store Search Result sets // Organize Client Files //