Bare Act Search Results

Banking Regulation Act, 1949, (Maharashtra) Section 18

Title: Cash Reserve

State: Maharashtra

Year: 1949

.....to the co-operative bank; (e) any cash with a co-operative bank or any balance, held by a Co-operatie Bank with another bank, shall not, to the extent such cash or such balance represents the balance in, or investment of, Agricultural Credit Stabilisation Fund of such co-operative Bank, be deemed to be cash maintained in India. (2) The Reserve Bank may, for the purpose of this section and Section 24, specify from time to time, with reference to any transaction or class of transactions, that such transaction or transactions shall be regarded as liability in India of a co-operative bank, and if any question arises as to whether any transaction or class of transaction shall be regarded for the purpose of this section and Section 24, as liability in India of a co-operative bank, the decision of the Reserve Bank thereon shall be final.] _________________________ 1. Substituted by Act 1 of 1984. section 42(v) w.e.f. 29.3.1985).

Banking Regulation Act, 1949 Section 18

Title: Cash Reserve

State: Central

Year: 1949

.....shall be reduced by the aggregate of the liabilities of all such banksand institutions to the banking company; (e) the expression"co-operative bank" shall have the meaningassigned to it in clause (cci) of section 56. (2) TheReserve Bank may, for the purposes of this section andsection 24, specify from time to time, with reference to anytransaction or class of transactions, that such transaction ortransactions shall be regarded as liability in India of a banking company and,if any question arises as to whether any transaction or class of transactionsshall be regarded for the purposes of this section and section 24 asliability in India of a banking company, the decision of the Reserve Bankthereon shall be final.] ___________________ 1. Inserted by Act 62 of 1984, Section 71 andThird Schedule 20-3-1985. 2. Inserted by Act 62 of 1984, Section 71 and Third Schedule20-3-1985 3. Inserted by Act 53 of 1987, Section 56 and Schedule w.e.f.9-7-1988. 4. Inserted by Act 39 of 1989, Section 53 and Second Schedule, Pt. IIw.e.f. 25-10-1989.

Reserve Bank of India Act, 1934 (2 of 1934) Section 42

Title: Cash Reserves of Scheduled Banks to Be Kept with the Bank

State: Central

Year: 1934

.....The Bank may, for the purposes of this section, specify from time to time with reference to any transaction or class of transactions that such transaction or transactions shall be regarded as liability in India of a scheduled bank, and if any question arises as to whether any transaction or class of transactions shall be regarded, for the purposes of this section, as liability in India of a scheduled bank, the decision of the Bank thereon shall be final.] 21 [(2) Every scheduled bank shall send to the Bank a return signed by two responsible officers of such bank showing- (a) the amount of its demand and time liabilities and the amount of its borrowings from banks in India, 22 [classifying them into demand and time liabilities], 23 [***] (b) the total amount of legal tender notes and coins held by it in India, (c) the balance held by it at the Bank in India, (d) the balances held by it at other banks in current account and the money at call and short notice in India, (e) the investments (at book value) in Central and State Government securities including treasury bills and treasury deposit receipts, (f) the amount of advances in India, (g) the inland bills.....

Reserve Bank of India Act, 1934 (2 of 1934) Complete Act

Title: Reserve Bank of India Act, 1934 (2 of 1934)

State: Central

Year: 1934

.....constitution of the Central Board (Repealed) Section16 - First constitution of local board (Repealed) Section17 - Business which the Bank may transact Section18 - Power of direct discount Section18A - Validity of loan or advance not to be questioned Section19 - Business which the Bank may not transact Chapter 3 Section20 - Obligation of the Bank to transact Government business Section21 - Bank to have the right to transact Government business in India Section21A - Bank to transact Government business of States on agreement Section21B - Effect of agreements made between the Bank and certain States before the 1st November, 1956 Section22 - Right to issue bank notes Section23 - Issue Department Section24 - Denominations of notes Section25 - Form of bank notes Section26 - Legal tender character of notes Section26A - Certain bank notes to cease to be legal tender Section27 - Re-issue notes Section28 - Recovery of notes lost, stolen, mutilated or imperfect Section28A - Issue of special bank notes and special one rupee notes in certain cases Section29 - Bank exempt from stamp duty on bank notes Section30 - Powers of Central Government to supersede Central Board .....

Reserve Bank of India Act, 1934 Complete Act

State: Central

Year: 1934

RESERVE BANK OF INDIA ACT, 1934 RESERVE BANK OF INDIA ACT, 1934 1934 An Act to constitute a Reserve Bank of India WHEREAS it is expedient to constitute a Reserve Bank for India to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage ; AND WHEREAS in the present disorganisation of the monetary systems of the world it is not possible to determine what will be suitable as a permanent basis for the Indian monetary system ; BUT WHEREAS it is expedient to make temporary provision on the basis of the existing monetary system, and to leave the question of the monetary standard best suited to India to be considered when the international monetary position has become sufficiently clear and stable to make it possible to frame permanent measures; It is hereby enacted as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Reserve Bank of India Act, 1934. (2) It extends to the whole of India. (3) This section shall come into force at once, and the remaining provisions of this Act shall come into.....

Reserve Bank of India Act, 1934 (2 of 1934) Chapter 3

Title: Central Banking Functions

State: Central

Year: 1934

.....words "Part B" omitted by Act 37 of 1956, section 104 (w.e.f. 1-11-1956). 3. The words "(including the autonomous State of Meghalaya)" Inserted by Act 54 of 1969, section 75 and omitted by Act 81 of 1971, section 72 (w.e.f. 21-1-1972). Section 21B - Effect of agreements made between the Bank and certain States before the 1st November, 1956 1 [21B. Effect of agreements made between the Bank and certain States before the 1st November, 1956 (1) Any agreement made under section 21 or section 21A between the Bank and the Government of a State specified in the Explanation below and in force immediately before the 1st day of November, 1956, shall, as from that day have effect as if it were an agreement made on that day under section 21A between the Bank and the Government of the corresponding State subject to such modifications, if any, being of a character not affecting the general operation of the agreement, as may be agreed upon between the Bank and the Government of the corresponding State, or in default of such agreement, as may be made therein by order of the Central Government. Explanation.-In this sub-section "corresponding State" means,- (a) in relation to the.....

Post Office Cash Certificates Act, 1917 Preamble 1

Title: Post Office Cash Certificates Act, 1917

State: Central

Year: 1917

THE POST OFFICE CASH CERTIFICATES ACT, 1917 [Act, 18 of 1917] [19th September, 1917] PREAMBLE An Act to restrict the transfer of Post Office 5-Year Cash Certificates and to provide for the payment of Certificates standing in the name of deceased persons. WHEREAS it is expedient to restrict the transfer of Post Office 5-year cash certificates and to provide for the payment of certificates standing in the name of deceased persons ; It is hereby enacted as follows :

Post Office Cash Certificates Act, 1917 Section 3

Title: Payment on Death of Holder of Post Office 5-year Cash Certificate

State: Central

Year: 1917

.....Savings Bank and the sum for the time being due on such certificate were a deposit in such a Bank1[and as if for the words "three thousand" in2[Section 8] of the said Act the words "five thousand" were substituted] : Provided that the powers conferred by the said provisions on the Secretary of a Government Savings Bank shall be exercisable by the Post Master General for the area within which the post office of issue of such certificate is situate3[or if that area is in Pakistan, by the Postmaster-General for such area in India as the Central Government may be general or special order specify in this behalf] : Provided further that, where in any one case payment is to be made of certificates issued from more post offices than one, the said powers shall be exercisable by the Post Master General for the area in which any of the said post offices is situate. (2) Nothing in sub-section (1) shall be deemed to require any person to accept payment of the amount due on a Post Office 5-year Cash Certificate before the same has reached maturity. ________________________ 1. Inserted by the Post Office Cash Certificates (Amendment) Act, 1920 (32 of 1920), Section 3. 2......

Post Office Cash Certificates Act, 1917 Complete Act

Title: Post Office Cash Certificates Act, 1917

State: Central

Year: 1917

Preamble1 - POST OFFICE CASH CERTIFICATES ACT, 1917 Section1 - Short title Section2 - Prohibition of transfer of Post Office 5-year Cash Certificates without the consent of an authorised officer Section3 - Payment on death of holder of Post Office 5-year Cash Certificate

Abolition of Cash Grants Act, 1967 (15 of 1967) Preamble 1

Title: Karnataka Abolition of Cash Grants Act, 1967

State: Karnataka

Year: 1967

THE1[KARNATAKA] (ABOLITION OF CASH GRANTS) ACT, 19672 [Act, No. 15 of 1967] [11th December, 1967] PREAMBLE An act to discontinue certain classes of cash grants in the1[Gulburga Area] of the1[State of Karnataka]. WHEREAS it is expedient to discontinue certain classes of cash grants in the1[Gulburga Area] of the1[State of Karnataka]; BE it enacted by the1[Karnataka] State Legislature in the Eighteenth Year of the Republic of India as follows:- ________________________ 1.Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973. 2.First Published in the Karnataka Gazette on the Twenty-first day of December, 1967.