Title : Short Title
State : Maharashtra
Year : 2007
This Act may be called the Bombay Primary Education and the Maharashtra Employees of Private Schools (Conditions of Service) Regulation (Amendment) Act, 2007. View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 40a
State : Central
Year : 2007
After section 40 of the State Bank of India (Subsidiary Banks) Act, the following section shall be inserted, namely:-- '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 claimed, within thirty days from the date of declaration, to or by any shareholder entitled to the payment of the dividend, the subsidiary bank shall, within seven days from the date of the expiry of such period of thirty days, transfer the total amount of dividend which remains unpaid, or unclaimed within the said period of thirty days, to a special account to be called "unpaid dividend account..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 55
State : Central
Year : 2007
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. View Complete Act List Judgments citing this sectionTitle : Regularisation of Appointments of Shikshan Sevaks and Savings
State : Maharashtra
Year : 2007
Notwithstanding anything contained in the of Maharashtra Employees of Private Schools (Conditions of Service) Regulation Act, 1977; shikshan sevaks appointed in accordance with the provisions of the Government Resolution published in the Maharashtra Government Gazette, Extraordinary, No. 12, Part I-Central Sub-Section, dated the 15th February 2007, shall be deemed to have been appointed as base cadre shikshan sevak under the said Act, for appointment as teachers on completion of three years service as such shikshan sevak rendered heretobefore or heretoafter, as the case may be. (2) The terms and conditions prescribed by Government for appointment of shikshan sevak, by issuing Government Resolutions, front time to time, before the date of commencement of the Bombay Primary Education and..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 6
State : Central
Year : 2007
In section 6 of the State Bank of Saurashtra Act,-- (a) after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) Notwithstanding anything contained in sub-section (1), the issued capital of the Saurashtra Bank, shall consist of such amount as the State Bank may, with the approval of the Reserve Bank, fix, and, shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 5."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Saurashtra Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 2007
In section 10 of the State Bank of Hyderabad Act,-- (a) after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) Notwithstanding anything contained in sub-section (1), the issued capital of the Hyderabad Bank, shall consist of such amount as the State Bank may, with the approval of the Reserve Bank, fix, and shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 9."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Hyderabad Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by..... View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 6
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 sectionTitle : Amendment of Section 21
State : Central
Year : 2007
Section 21 of the State Bank of India (Subsidiary Banks) Act shall be numbered as sub-section (1) thereof and after sub-section (1) as so numbered, the following sub-sections shall be inserted, namely:-- "(2) Notwithstanding anything contained in sub-section (1), it shall be lawful for a subsidiary bank to keep the register of shareholders in computer floppies or diskettes or any other electronic form subject to such safeguards as may be prescribed. (3) Notwithstanding anything contained in the Indian Evidence Act, 1872 (1 of 1872), a copy of, or extract from, the register of shareholders, certified to be a true copy under the hand of any officer of the subsidiary bank authorised in this behalf shall in all legal proceedings, be admissible in evidence.". View Complete Act List Judgments citing this sectionTitle : Insertion of New Sections 25a and 25b
State : Central
Year : 2007
After section 25 of the State Bank of India (Subsidiary Banks) Act, the following sections shall be inserted, namely:-- "25A. Fit and proper status of an elected director-(1) The Directors to be elected under clause (d) of sub-section (1) of section 25 shall-- (a) have special knowledge or practical experience in respect of one or more of the following matters, namely:-- (i) agricultural and rural economy, (ii) banking, (iii) co-operation, (iv) economics, (v) finance, (vi) law, (vii) small-scale industry, (viii) any other matter the special knowledge of, and practical experience in, which would, in the opinion of the Reserve Bank, be useful to the subsidiary bank; (b) represent the interests of depositor\orkers and artisans. (2) Without prejudice to the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 27
State : Central
Year : 2007
In section 27 of the State Bank of India (Subsidiary Banks) Act, in sub-section (5), in clause (a), for the words and figures "Banking Companies Act, 1949", the words and figures "Banking Regulation Act, 1949" shall be substituted. View Complete Act List Judgments citing this section