Bare Act Search Results

Banking Laws (Amendment) Act, 2012, (Central) Section 8

Title: Insertion of New Section 26a

State: Central

Year: 2012

After section 26 of the principal Act, the following section shall be inserted, namely:-- '26A. Establishment of Depositor Education and Awareness Fund.-- (1) The Reserve Bank shall establish a Fund to be called the "Depositor Education and Awareness Fund" (hereafter in this section referred to as the "Fund"). (2) There shall be credited to the Fund the amount to the credit of any account in India with a banking company which has not been operated upon for a period of ten years or any deposit or any amount remaining unclaimed for more than ten years, within a period of three months from the expiry of the said period of ten years: Provided that nothing contained in this sub-section shall prevent a depositor or any other claimant to claim his deposit or unclaimed amount or operate his account or deposit account from or with the banking company after the expiry of said period of ten years and such banking company shall be liable to repay such deposit or amount at such rate of interest as may be specified by the Reserve Bank in this behalf. (3) Where the banking company has paid outstanding amount referred to in subsection (2) or allowed operation of such account or.....

Banking Laws (Amendment) Act, 2012 Complete Act

State: Central

Year: 2012

.....Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and to make consequential amendments in certain other enactments. Be it enacted by Parliament in the Sixty-third Year of the Republic of India as follows:" CHAPTER I PRELIMINARY 1. Short title and commencement." (1) This Act may be called the Banking Laws (Amendment) Act, 2012. (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. CHAPTER II AMENDMENTS TO THE BANKING REGULATION ACT, 1949 2. Amendment of Section 50." In Section 5 of the Banking Regulation Act, 1949 (hereinafter in the chapter referred to as the principal Act), for Clause (a), the following Clause shall be substituted, namely" ˜( a) ˜˜approved securities'' means the securities issued by the Central Government or any State Government or such other securities as may be specified by the.....

Prevention of Moneylaundering (Amendment) Act, 2012 Complete Act

State: Central

Year: 2012

..... (ii) after Clause (h), the following Clause shall be inserted, namely" ˜(ha) "client" means a person who is engaged in a financial transaction or activity with a reporting entity and includes a person on whose behalf the person who engaged in the transaction or activity, is acting;'; (iii) after Clause (i), the following Clauses shall be inserted, namely" ˜(ia) "corresponding law" means any law of any foreign country corresponding to any of the provisions of this Act or dealing with offences in that country corresponding to any of the scheduled offences; (ib) "dealer" has the same meaning as assigned to it in Clause (b) of Section 2 of the Central Sales Tax Act, 1956 (74 of 1956);'; (iv) Clause (ja) shall be omitted; (v) for Clause (l), the following Clause shall be substituted, namely" ˜(l) "financial institution" means a financial institution as defined in Clause (c) of Section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934) and includes a chit fund company, a housing finance institution, an authorised person, a payment system operator, a non-banking financial company and the Department of Posts in the Government of India;'; (vi).....

Prevention of Money-laundering (Amendment) Act, 2012, (Central) Section 23

Title: Amendment of Section 54

State: Central

Year: 2012

.....stock exchange referred to in clause (f) of section 2 and the officers of the stock exchanges recognised under section 4 of the Securities Contracts (Regulation) Act, 1956(42 of 1956); (iii) after clause (h), the following clauses shall be inserted, namely:-- "(ha) officers of the Insurance Regulatory and Development Authority established under section 3 of the Insurance Regulatory and Development Authority Act, 1999(41 of 1999); (hb) officers of the Forward Markets Commission established under section 3 of the Forward Contracts (Regulation) Act, 1952(74 of 1952); (hc) officers and members of the recognised association recognised under section 6 of the Forward Contracts (Regulation) Act, 1952(74 of 1952); (hd) officers of the Pension Fund Regulatory and Development Authority; (he) officers of the Department of Posts in the Government of India; (hf) Registrars or Sub-Registrars appointed by the State Governments under section 6 of the Registration Act, 1908(16 of 1908); (hg) registering authority empowered to register motor vehicles under Chapter IV of the Motor Vehicles Act, 1988(59 of 1988); (hh) officers and members of the Institute of Chartered.....

North-eastern Areas (Reorganisation) and Other Related Laws (Amendment) Act, 2012, (Central) Section 4

Title: Insertion of New Sections 28a to 28k

State: Central

Year: 2012

.....of the North-Eastern Areas (Reorganisation) and Other Related Laws (Amendment) Act, 2012 exercisable by the common High Court: Provided that any rules or orders which are in force immediately before the commencement of the North-Eastern Areas (Reorganisation) and Other Related Laws (Amendment) Act, 2012 with respect to the practice and procedure in the common High Court shall, until varied or revoked by rules or orders made by the High Court of Meghalaya or the High Court of Manipur or the High Court of Tripura, as the case may be, apply with the necessary modifications in relation to the practice and procedure in the High Court of Meghalaya, the High Court of Manipur and the High Court of Tripura respectively, as if such rules or orders were made by the respective High Court. 28F. Forms of writs and other processes.-- The law in force immediately before the commencement of the North-Eastern Areas (Reorganisation) and Other Related Laws (Amendment) Act, 2012 with respect to the form of writs and other processes used, issued or awarded by the common High Court shall, with the necessary modifications, apply with respect to the form of writs and other processes used, issued.....

Rajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 35

Title: Conduct of Business by Authorities of Institute

State: Central

Year: 2012

The authorities of the Institute may have their own rules of procedure, consistent with the provisions of this Act, the Statutes and the Ordinances for the conduct of their own business and that of the committees, if any, appointed by them and not provided for by this Act, the Statutes or the Ordinances.

Rajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 30

Title: Appointment of Staff of Institute

State: Central

Year: 2012

All appointments of the staff of the Institute, except that of the Director, shall be made with the prior approval of the Central Government and in accordance with the procedure laid down in the Statutes,- (a) by the Executive Council, if the appointment is made on the academic staff in the post of Assistant Professor or above or if the appointment is made on the non-academic staff in any cadre, the maximum of the pay-scale for which is the same or higher than that of an Assistant Professor; and (b) by the Director, in any other case.

Rajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 11

Title: Authorities of Institute

State: Central

Year: 2012

The Institute shall consist of the following authorities, namely:- (a) the Executive Council; (b) the Academic Council; and (c) such other authorities as may be declared by the Statutes to be the authorities of the Institute.

Rajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 20

Title: Other Authorities

State: Central

Year: 2012

The constitution, powers and functions of the other authorities, as may be declared by the Statutes to be authorities of the Institute, shall be such as may be provided by the Statutes.

Rajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Chapter III

Title: Authorities of the Institute

State: Central

Year: 2012

Chapter III AUTHORITIES OF THE INSTITUTE