Bare Act Search Results

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

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

State: Central

Year: 2006

Preamble1 - BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) AND FINANCIAL INSTITUTIONS LAWS (AMENDMENT) ACT, 2006 Chapter I Section1 - Short title and Commencement Chapter II Section2 - Amendment of section 3 Section3 - Amendment of section 9 Section4 - Insertion of new section 9A Section5 - Amendment of section 10A Section6 - Insertion of new section 10B Section7 - Insertion of new section 18A Chapter III Section8 - Amendment of section 3 Section9 - Amendment of section 9 Section10 - Insertion of new section 9A Section11 - Amendment of section 10A Section12 - Insertion of new section 10B Section13 - Insertion of new section 18A Chapter IV Section14 - Amendment of section 20 Section15 - Amendment of section 21A Chapter V Section16 - Amendment of section 26 of Act 38 of 1959 Chapter VI Section17 - Amendment of section 6 of Act 47 of 1961 Section18 - Amendment of section 6 of Act 28 of 1981 Section19 - Amendment of section 7 of Act 53 of 1987

Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Amendment Act, 2006 Complete Act

Title: Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Amendment Act, 2006

State: Central

Year: 2006

Preamble1 - DALMIA DADRI CEMENT LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) AMENDMENT ACT, 2006 Section1 - Short title Section2 - Amendment of section 9 if Act 31 of 1981

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.....

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.....

Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Preamble 1

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

State: Central

Year: 2006

THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) AND FINANCIAL INSTITUTIONS LAWS (AMENDMENT) ACT, 2006 [Act No. 45 OF 2006] [25th September, 2006.] PREAMBLE An Act further to amend the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, the State Bank of India Act, 1955, the State Bank of India (Subsidiary Banks) 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:--

The Assam Apartments (Construction and Transfer of Ownership) Act, 2006 Complete Act

State: Assam

Year: 2006

.....different areas, cities and towns or group of areas or cities or towns as the Government may deem fit and proper. Section 2 - Application of the Act (1) This Act shall apply to every apartment and/or building defined as such under Section 3 of this Act: Provided that sole owner or all the owners of every such building shall submit the same to the provisions of this Act by duly executing and registering a declaration setting out the particulars referred to in Section 12. (2) This Act shall also apply to all the promoters/builders/ land owners/purchasers and construction of all apartment buildings undertaken by such promoters/builders/land owners/ purchasers who are required to execute and submit declaration before the Competent Authority in such manner as may be prescribed that he intends to submit the property wherein the apartment is or to be located, to the provisions of this Act. Section 3 - Definitions In this Act unless the context otherwise requires- (a) "apartment" means part of a property intended for any type of independent use, including one or more rooms or enclosed spaces located on one more floor or part or parts thereof in a building intended to.....

Tamil Nadu Acquisition, Transfer and Taking over of the Administration of Cable Television Network (Including Multiple Service Optical Transport System) Act, 2006 Complete Act

State: Tamil Nadu

Year: 2006

.....Commissioner of Payments appointed under Section 13; f. "Company" means a Company or any corporate body as defined in Section 3 of the Companies Act, 1956 (Act 1 of 1956) and includes a firm or other association of individuals and such other persons included in the definition of "person" in Section 2(i); g. "Custodian" means the person who is so appointed in terms of the provisions of this Act to function as the Custodian; h. "Director", in relation to a firm, means a partner in the firm; i. "Government" means the State Government; j. "Multiple Service Optical Transport System" means a system wherein Television signals transmitted by telecasting stations into the air have been received by means of a device or apparatus wherein the receiver may receive either a single telecasting system or multiple telecasting system of various Television establishments which are thereafter sent through optical transport system or any other mode for further onward transmission so as to achieve the purpose of giving signals by connecting to receiver sets, namely Television sets, of consumers; k. "Person" means" 1. an individual who is a citizen of India; 2. an association.....

Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Section 6

Title: Insertion of New Section 10b

State: Central

Year: 2006

.....of 1956), remains unpaid at such commencement, the corresponding new bank shall, within a period of six months from such commencement, transfer such unpaid amount to the account referred to in sub-section (1). (3) Any money transferred to the Unpaid Dividend Account of a corresponding new bank in pursuance of this section which remains unpaid or unclaimed for a period of seven years from the date of such transfer, shall be transferred by the corresponding new bank to the Investor Education and Protection Fund established under sub-section (1) of section 205C of the Companies Act, 1956. (4) The money transferred under sub-section (3) to the Investor Education and Protection Fund shall be utilised for the purposes and in the manner specified in section 205C of the Companies Act, 1956.'.

Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Section 12

Title: Insertion of New Section 10b

State: Central

Year: 2006

.....remains unpaid at such commencement, the corresponding new bank shall, within a period of six months from such commencement, transfer such unpaid amount to the account referred to in sub-section (1). (3) Any money transferred to the Unpaid Dividend Account of a corresponding new bank in pursuance of this section which remains Unpaid or unclaimed for a period of seven years from the date of such transfer, shall be transferred by the corresponding new bank to the Investor Education and Protection Fund established under sub-section (1) of section 205C of the Companies Act, 1956(1 of 1956). (4) The money transferred under sub-section (3) to the Investor Education and Protection Fund shall be utilised for the purposes and in the manner specified in section 205C of the Companies Act,1956(1 of 1956).'.

Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Section 9

Title: Amendment of Section 9

State: Central

Year: 2006

.....(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 than sixteen per cent. but not more than thirty-two per cent. of the total paid-up capital, two directors; (III) more than thirty-two per cent. of the total paid-up capital, three directors, to be elected by the shareholders, other than the Central Government, from amongst themselves: Provided that on the assumption of charge after election of any such director under this clause, equal number of directors nominated under clause (h) shall retire in such manner as may be specified in the scheme: Provided further that in case the number of directors elected, on or before the commencement of the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, in a corresponding new bank exceed the number of directors specified in sub-clause (I) or sub-clause (II) or sub-clause (III), as the case may be, such excess number of directors elected before such.....