Title : Amendment of Section 18
State : Central
Year : 2007
In section 18 of the State Bank of India (Subsidiary Banks) Act, in sub-section (2), for the words "fifty-five per cent, of the issued capital", the words "fifty-one per cent. of the issued capital consisting of equity shares" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 18a
State : Central
Year : 2007
After section 18 of the State Bank of India (Subsidiary Banks) Act, the following section shall be inserted, namely:-- "18A. Right of registered shareholder to nominate-(1) Every individual registered shareholder of a subsidiary bank may, at any time, nominate, in the prescribed manner, an individual to whom all his rights in the shares shall vest in the event of his death. (2) Where the shares are registered in the name of more than one individual jointly, the joint holders may together nominate in the prescribed manner, an individual to whom all their rights in the shares shall vest in the event of the death of all the joint holders. (3) Notwithstanding anything contained in any other law for the time being in force or in any disposition, whether testamentary or otherwise, in..... View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 19
State : Central
Year : 2007
For section 19 of the State Bank of India (Subsidiary Banks) Act, the following section shall be substituted, namely:-- "19. Restriction on Voting rights-No shareholder, other than the State Bank, shall be entitled to exercise voting rights in respect of any shares held by him in excess of ten per cent. of the issued capital of the subsidiary bank concerned: Provided that the shareholder holding any preference share capital in the subsidiary bank shall, in respect of such capital, have a right to vote only on resolutions placed before such subsidiary bank which directly affect the rights attached to his preference shares: Provided further that no preference shareholder shall be entitled to exercise voting rights in respect of preference shares held by him in excess of ten per..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 22
State : Central
Year : 2007
In section 22 of the State Bank of India (Subsidiary Banks) Act, for the words and figures "Notwithstanding anything contained in section 19, no notice of any trust,", the words "No notice of any trust," shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 25
State : Central
Year : 2007
In section 25 of the State Bank of India (Subsidiary Banks) Act,-- (i) in sub-section (1)-- (a) for clause (a), the following clause shall be substituted, namely:-- "(a) the Chairman for the time being of the State Bank, ex officio or an official of the State Bank or of the subsidiary bank nominated by him as Chairman, with the approval of the Reserve Bank;"; (b) for clause (b), the following clause shall be substituted, namely:-- "(b) one director, possessing necessary expertise and experience in the matters relating to regulation or supervision of commercial banks, to be nominated by the Reserve Bank;"; (c) for clause (d), the following clause shall be substituted, namely:-- "(d) not more than three directors to be elected in the following manner, namely:-- (i) if the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 43
State : Central
Year : 2007
In section 43 of the State Bank of India (Subsidiary Banks) Act,-- (a) in sub-section (1), in clause (a), for the word "December", the word "March" shall be substituted; (b) for sub-section (2), the following sub-section shall be substituted, namely.-- "(2) The balance-sheet and profit and loss account of the subsidiary bank shall be signed by persons holding the office of the chairman, managing director, and a majority of the other directors of the subsidiary bank in office.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 44
State : Central
Year : 2007
In section 44 of the State Bank of India (Subsidiary Banks) Act,-- (a) in sub-section (2),-- (i) for the words "discuss the balance-sheet", the words "discuss and adopt the balance-sheet" shall be substituted; (ii) for the word "December", the word "March" shall be substituted; (b) in sub-section (3), for the word "December", the word "March" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 50
State : Central
Year : 2007
In section 50 of the State Ban]k of India (Subsidiary Banks) Act, after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) The officers, advisers and employees of the subsidiary bank concerned shall individually or jointly, or with other officers, advisers and employees in a committee exercise such powers and perform such duties as may, by general or special order, be entrusted or delegated to them by the Board of Directors or its Executive Committee.". View Complete Act List Judgments citing this sectionTitle : Short Title
State : Central
Year : 2007
This Act may be called the Cable Television Networks (Regulation) Amendment Act, 2007. View Complete Act List Judgments citing this sectionTitle : Short Title
State : Central
Year : 2007
This Act may be called the Securities Contracts (Regulation) Amendment Act, 2007. View Complete Act List Judgments citing this section