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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Amending Act 1

Title: Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006

State: Central

Year: 1970

.....Act, 1959, the Deposit Insurance and Credit Guarantee Corporation Act, 1961, the Export-Import Bank of India Act, 1981 and the National Housing Bank Act, 1987. BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows:-- CHAPTER I PRELIMINARY 1. Short title and Commencement.-- (1) This Act may be called the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006. (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 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 BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 2. Amendment of section 3.-- In section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970(5 of 1970) (hereafter in this Chapter referred to as the Bank Nationalisation Act),-- (a) in sub-section (2B), for clause (c), the following shall.....

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Amending Act 1

Title: Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006

State: Central

Year: 1980

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Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Part I

Title: Acquisition and Transfer of the Undertaking of Richardson and Cruddas Limitred

State: Central

Year: 1972

.....I - PRELIMINARY Section 1 - Short title This Act may be called The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972. Section 2 - Definitions (1) In this Act, unless the context otherwise requires,-- (a) "appointed day" means such date as the Central Government may, by notification, appoint; (b) "Custodian" means the person who is appointed, under section 10, as the Custodian of the old company; (c) "Nationalised Bank" means a corresponding new bank as defined in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970; (d) "new company" means the Government company, formed and registered under the Companies Act, 1956, in pursuance of the provisions of section 9; (e) "notification" means a notification published in the Official Gazette; (f) "old company" means the Richardson and Cruddas Limited, a company formed and registered under the Indian Companies Act, 1913 and having its registered office in the State of West Bengal; (g) "prescribed" means prescribed by rules made under this Act; (h) "scheduled bank" has the meaning assigned to it in the Reserve Bank of India Act, 1934, and includes a National.....

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Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Chapter II

Title: Amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

State: Central

Year: 2006

.....in excess of one per cent. of the total voting rights of all the shareholders holding preference share capital only.". Section 3 - Amendment of section 9 In section 9 of the Bank Nationalisation Act,-- (a) in sub-section (2), after clause (c), the following clause shall be inserted, namely:-- "(ca) the manner in which the excess number of directors shall retire under second proviso to clause (i) of sub-section (3);"; (b) in sub-section (3),-- (i) in clause (a), for the words "not more than two whole-time directors", the words "not more than four whole-time directors" shall be substituted; (ii) for clause (c), the following clause shall be substituted, namely:-- "(c) one director, possessing necessary expertise and experience in matters relating to regulation or supervision of commercial banks, to be nominated by the Central Government on the recommendation of the Reserve Bank;"; (iii) clause (d) shall be omitted; (iv) for clause (i), the following shall be substituted, namely:-- "(i) where the capital issued under clause (c) of sub-section (2B) of section 3 is -- (I) not more than sixteen per cent. of the total paid-up capital, one director; (II) more.....

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Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Chapter III

Title: Amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

State: Central

Year: 2006

.....in excess of one per cent. of the total voting rights of all the shareholders holding preference share capital only.". Section 9 - Amendment of section 9 In section 9 of the Bank (Second) Nationalisation Act,-- (a) in sub-section (2), after clause (c), the following clause shall be inserted, namely:-- "(ca) the manner in which the excess number of directors shall retire under the second proviso to clause (i) of sub-section (3);"; (b) in sub-section (3),-- (i) in clause (a), for the words "not more than two whole-time directors", the words "not more than four whole-time directors" shall be substituted; (ii) for clause (c), the following clause shall be substituted, namely:-- "(c) one director, possessing necessary expertise arid experience in matters relating to regulation or supervision of commercial banks, to be nominated by the Central Government on the recommendation of the Reserve Bank;"; (iii) clause (d) shall be omitted; (iv) for clause (i), the following shall be substituted, namely:-- "(i) where the capital issued under clause (c) of sub-section (2B) of section 3 is -- (I) not more than sixteen per cent. of the total paid-up capital, one.....

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Mysore Palace (Acquisition and Transfer) Act, 1998 Preamble 1

Title: Mysore Palace (Acquisition and Transfer) Act, 1998

State: Karnataka

Year: 1998

.....under the Urban Land(Ceiling and Regulation) Act, 1976 has held that the Mysore Palace andsurrounding land came within the regulation of the said Act and has passed anorder declaring substantial portion of the land surrounding the Mysore Palaceas surplus land to be surrendered to the State Government and the said order isupheld in appeal before the Karnataka Appellate Tribunal; WHEREAS, the legal representatives and heirs of lateJayachamarajendra Wadeyar have in some writ petitions questioned the legalityof the order passed by the Appellate Authority and these writ petitions arepending before the High Court of Karnataka; WHEREAS, the legal representatives and heirs of lateJayachamarajendra Wadeyar had in their letters dated 18.8.75, 3.9.75, 7.2.76and 10.2.76 requested the State Government to take over the possession of thePalace other than the portion of the palace in which they are residing andaccordingly the State Government took possession of the portion of palace atMysore with movables by issuing a Government Order No.GAD 2 PSR 76, dated26.2.76 and has thereafter spent considerable amounts for maintenance of thePalace as a Public monument and for preserving its public.....

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The Bangalore Palace (Acquisition and Transfer) Act, 1996 Preamble 1

Title: The Bangalore Palace (Acquisition and Transfer)act, 1996

State: Karnataka

Year: 1996

.....the Urban Land (Ceiling and Regulation) Act, 1976 has held that the Bangalore Palace and surrounding land came within the regulation of the said Act and has passed an order declaring substantial portion of the land surrounding Bangalore Palace as surplus land to be surrendered to the State Government and the said order is upheld in appeal before the Karnataka Appellate Tribunal; WHEREAS the legal representatives and heirs and transferees of late Jayachamarajendra Wadeyar have in some writ petitions questioned the legality of the order passed by the Appellate Authority and these writ petitions are pending hearing before the High Court of Karnataka. It has become necessary to pass a law different from the provisions of the Land Acquisition Act, 1894 and to make provisiioon for appointment of a Commissioner of payment to pass appropriate orders in conformity with the final decisn in the above writ petitions in determining the amount payable in respect of the entire holding; and WHEREAS, for the purposes hereinbefore stated, it is expedient to provide for the acquisition and transfer of the Bangalore Palace and the open space around it, by legislation. BE it enacted by the.....

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Bangalore Palace (Acquisition and Transfer) Act, 1996 Preamble 1

Title: Bangalore Palace (Acquisition and Transfer) Act, 1996

State: Karnataka

Year: 1996

.....the Urban Land (Ceiling and Regulation) Act, 1976 has held that the Bangalore Palace and surrounding land came within the regulation of the said Act and has passed an order declaring substantial portion of the land surrounding Bangalore Palace as surplus land to be surrendered to the State Government and the said order is upheld in appeal before the Karnataka Appellate Tribunal; WHEREAS the legal representatives and heirs and transferees of late Jayachamarajendra Wadeyar have in some writ petitions questioned the legality of the order passed by the Appellate Authority and these writ petitions are pending hearing before the High Court of Karnataka. It has become necessary to pass a law different from the provisions of the Land Acquisition Act, 1894 and to make provision for appointment of a Commissioner of payment to pass appropriate orders in conformity with the final decision in the above writ petitions in determining the amount payable in respect of the entire holding; and WHEREAS, for the purposes hereinbefore stated, it is expedient to provide for the acquisition and transfer of the Bangalore Palace and the open space around it, by legislation. BE it enacted by the.....

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Tea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Amending Act I

Title: The Tea Companies (Acquisition and Transfer of Sick Tea Units) Amendment Act, 1991

State: Central

Year: 1985

THE TEA COMPANIES (ACQUISITION AND TRANSFER OF SICK TEA UNITS) AMENDMENT ACT, 1991 [Act, No. 56 of 1991] [21st December, 1991] An Act to amend the Tea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985. BE it enacted boy Parliament in the Forty-second Year of the Republic of India as follows:- 1. Short title This Act may be called the Tea Companies (Acquisition and Transfer of Sick Tea Units) Amendment Act, 1991. 2. Amendment of section 16 of Act 37 of 1985 Section 16 of the Tea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 shall be renumbered as sub-section (1) thereof and after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:- "(2) Notwithstanding anything contained in sub-section (1), all the claims preferred before the Commissioner after the period or the further period specified in that sub-section but on or before the 27th day of July, 1989, shall be deemed to have been validly preferred.".

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Roerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996 Preamble 1

Title: Roerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996

State: Karnataka

Year: 1996

..... An Act to provide for acquisition of Roerich and Devikarani Roerich Estate in Public interest and for transfer to a trust established under the Act and in order to secure the proper management of the said Estate so as to preserve the valuable tree growth, paintings, art objects and carvings and to establish an Art-Gallery-cum-Museum and for matters connected therewith or incidental thereto. WHEREAS it is necessary to provide for acquisition of Roerich and Devikarani Roerich Estate in public interest and for transfer to a trust established under the Act and in order to secure the proper management of the estate so as to preserve the valuable tree growth, paintings, art objects and carvings and for establishment of an Art-Gallery-cum-Museum and for matters connected therewith or incidental thereto; AND whereas for the purpose hereinbefore stated, it is expedient to provide for the acquisition and transfer of Roerich and Devikarani Roerich Estate by legislation; BE it enacted by the Karnataka State Legislature in the Forthy-seventh year of the Republic of India as follows:- ______________________ 1. First published Karnataka gazette extraordinary dated 18th november.....

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