Title : Repeal and Saving
State : Central
Year : 2007
(1) The Banking Regulation (Amendment) Ordinance, 2007 (Ord. 1 of 2007) is hereby repealed. (2) Notwithstanding the repeal of the Banking Regulation (Amendment) Ordinance, 2007 (Ord. 1 of 2007), anything done or any action taken under the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken under the corresponding provisions of the principal Act, as amended by this Act. View Complete Act List Judgments citing this sectionTitle : Banking Regulation (Amendment) Act 2007
State : Central
Year : 2007
Preamble1 - BANKING REGULATION (AMENDMENT) ACT, 2007 Section1 - Short title and commencement Section2 - Amendment of section 24 Section3 - Amendment of section 53 Section4 - Repeal and saving List Judgments citing this sectionTitle : Short Title and Commencement
State : Central
Year : 2007
(1) This Act may be called the Banking Regulation (Amendment) Act, 2007. (2) It shall be deemed to have come into force on the 23rd day of January, 2007. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 24
State : Central
Year : 2007
In section 24 of the Banking Regulation Act, 1949 (10 of 1949) (hereinafter referred to as the principal Act),-- (a) sub-sections (1) and (2) shall be omitted; (b) for sub-section (2A), the following sub-section shall be substituted, namely:-- "(2A) A scheduled bank, in addition to the average daily balance which it is, or may be, required to maintain under section 42 of the Reserve Bank of India Act, 1934 (2 of 1934) and every other banking company, in addition to the cash reserve which it is required to maintain under section 18, shall maintain in India, assets, the value of which shall not be less than such percentage not exceeding forty per cent, of the total of its demand and time liabilities in India is on the last Friday of the second preceding fortnight as the Reserve Bank..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 53
State : Central
Year : 2007
In section 53 of the principal Act,-- (i) in sub-section (1), the words and figures "or any of their branches functioning or located in any Special Economic Zone established under the Special Economic Zones Act, 2005 (28 of 2005)" shall be omitted; (ii) in sub-section (2), in the opening portion, for the words, brackets and figure "A copy of every notification proposed to be issued under sub-section (1), shall be laid in draft before each House of Parliament", the following words, brackets and figures shall be substituted, namely:-- "A copy of every notification proposed to be issued under sub-section (1) relating to any banking company or institution or any class, of banking companies or any branch of a banking company or an institution as the case may be, functioning or located..... View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 9
State : Central
Year : 2007
For section 9 of the State Bank of Hyderabad Act, 1956 (79 of 1956) (hereafter in this Chapter referred to as the State Bank of Hyderabad Act), the following section shall be substituted, namely:-- "9. (1) Subject to the provisions of this Act, the authorised capital of the Hyderabad Bank shall be rupees five hundred crores. (2) The authorised capital of the Hyderabad Bank shall be divided into shares of one hundred rupees each or of such denomination as the Hyderabad Bank may, with the approval of the State Bank, decide. (3) The Hyderabad Bank may issue the certificates of shares of equivalent values of such denomination as the Hyderabad Bank may decide with the approval of the State Bank, in accordance with the procedure as maybe specified by regulations made under section 63 of..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 16 of Bom. Lxi of 1947
State : Maharashtra
Year : 2007
In section 16 of the Bombay Primary Education Act, in sub-section (2), after the word "teachers" the words "shikshan sevaks," shall be inserted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 23
State : Central
Year : 2007
In section 23 of the principal Act, in sub-section (1), in clause (c), for the word and figures "section 17", the words, figures and letter "section 17 or section 17A" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Banking Regulation (Amendment) Act, 2007
State : Central
Year : 2007
THE BANKING REGULATION (AMENDMENT) ACT, 2007 [Act No. 17 of 2007] [26th March, 2007] PREAMBLE An Act further to amend the Banking Regulation Act, 1949. BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-- View Complete Act List Judgments citing this sectionTitle : Amendment to the State Bank of India (Subsidiary Banks) Act, 1959
State : Central
Year : 2007
For section 6 of the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) [hereafter in this Chapter referred to as the State Bank of India (Subsidiary Banks) Act], the following section shall be substituted, namely:-- "6. Authorised caption of new bank-(1) Subject to the provisions of this Act, the authorised capital of every new bank shall be rupees five hundred crores. (2) The authorised capital of every new bank shall be divided into shares of one hundred rupees each or of such denomination as the new bank may, with the approval of the State Bank, decide. (3) Every new bank may issue the certificates of shares of equivalent values of such denomination as the new bank may, decide, with the approval of the State Bank, in accordance with the procedure as may be..... View Complete Act List Judgments citing this section