Bare Act Search Results

State Bank of India Act, 1955 Chapter 5

Title: Management

State: Central

Year: 1955

.....Vice-Chairman shall receive such salary, fees, allowances and perquisites1[as may be determined by the Central Government]. 2[* * * *] (3) The fact that the Vice-Chairman exercises any of the powers and does any act or thing for or on behalf of the State Bank shall be conclusive proof of his authority to do so. ___________________ 1. Substituted by Act 73 of 1976, Section 4, for the words, "as may be determined by Central Board with the approval of the Central Government" (w.e.f. 11th June, 1976). 2. Proviso omitted by Section 4, for the words, "as may be determined by Central Board with the approval of the Central Government" (w.e.f. 11th June, 1976). Section 29 - Powers and remuneration of Managing Director (1) A Managing Director-- (a) shall be a whole-time officer of the State Bank; and (b) subject to the general control of the Chairman and the Vice-Chairman, shall exercise such powers and perform such duties as may be entrusted or delegated to him by the Central Board. (2) A Managing Director shall receive such salary and allowances1[as may be determined by the Central Government]. 2[* * * * * *] ___________________ 1. Substituted by Act 73 of.....

State Bank of India Subsidiary Banks Act, 1959 Chapter V

Title: Management of Subsidiary Banks

State: Central

Year: 1959

.....things as may be exercised or done by that bank. (3) The Board of Directors of a subsidiary bank shall, in discharging its functions under this Act, act on business principles, regard being had to public interest. ________________________ 1. Substituted fur the words "general manager" by the State Bank Laws (Amendment) Act, 1973(48 of 1973), Section 21 w.e.f. 1-7-1974. Section 25 - Composition Of The Board Of Directors (1) Subject to the provisions of sub-section (2) the Board of Directors of a subsidiary bank shall consist of the following:-- 4[(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;] 1[(aa) the managing director appointed under sub-section (1) of section 29 or under section 32;] 5(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) not more than five directors to be nominated by the State Bank of whom not more than three shall be officers of that bank: 2Provided that any.....

State Bank of India (Subsidiary Banks) Act, 1959 Complete Act

State: Central

Year: 1959

.....in consultation with the Reserve Bank, and shall be offered by it to all those to whom compensation is payable under subsection (1) in full satisfaction thereof. (3) If the amount of compensation offered by the State Bank in terms of sub-section (2) is not acceptable to any shareholder of an existing bank, such shareholder may before such date as may be notified by the Central Government in the Official Gazette, request the Central Government, in writing to have the matter referred to the Tribunal. (4) If, before the date notified under sub-section (3), the Central Government receives request, in terms of that sub-section, from not less than one-fourth in number of the shareholders, holding not less than one-fourth in value of the paid-up share capital of the existing bank, the Central Government shall have the matter referred to the Tribunal for decision. (5) If, before the date notified under sub-section (3). the Central Government does not receive requests as provided in that sub-section, the amount of compensation offered by the State Bank, and where a reference has been made to the Tribunal, the amount determined by it, shall be the compensation payable under sub-sec......

State Bank of India Act, 1955 Section 25

Title: Casual Vacancies

State: Central

Year: 1955

.....by election; and (b) in the case of a director nominated under Cl. (d) of Section 19 or a member of a Local Board nominated under Cl. (c) of sub-section (1) of Section 21, by nomination in consultation with the Reserve Bank : Provided that where the duration of the vacancy in the office of an elected director is likely to be less than six months, the vacancy may be filled by the remaining directors] by co-opting a person not disqualified under Section 22.] (3) A person elected or nominated or co-opted, as the case may be,5[under sub-section (2)] shall hold office for the unexpired portion of the term of his predecessor. 6[(4) Where any vacancy occurs before the expiry of the term of office of a director appointed under Cl. (ca) or Cl. (cb)7[* * *] of Section 19, such vacancy shall be filled in accordance with the said Cl. (ca) or, as the case may be, Cl. (cb), and the director so appointed shall hold office for the period specified under sub-section (3-A) of Section20.] ___________________ 1. Substituted by Act 73 of 1976, Section 4 (w.e.f. 11th June, 1976). 2. Substituted by Act 35 of 1964, Section 8, for sub-section (2) (w.e.f. 1st December, 1964). 3......

Karnataka Entertainments Tax Act, 1958 Section 2

Title: Definitions

State: Karnataka

Year: 1958

.....Sales Tax Act, 1957.] 10 [(fb) "Joint Commissioner" means the Joint Commissioner of Commercial Taxes appointed under the Karnataka Sales Tax Act, 1957 (Karnataka Act 25 of 1957);] 16 [(g) 'local authority' means a municipal corporation a city municipal council, a town municipal council, a cantonment board, a town board, a sanitary board, a notified area committee, 17 [a 18 [Grama panchayat]], as the case may be;] 1 [(gg) '' Multi System Operator `` means person engaged in the business of receiving and distributing satellite television signals, communication network, including production and transmission of programmes and packages.``] (h) "notification" means a notification published in the Official Gazette; (i) "payment for admission" includes,- (i) any payment made by a person who having been admitted to one part of a place of entertainment is subsequently admitted to another part thereof, for admission to which a payment involving a tax or a higher tax is required; (ii) any payment for seats or other accommodation in a place of entertainment; 19 [(iii) any payment made for the loan or use of any instrument or contrivance which enables a person to get a.....

The Punjab Municipal Act, 1999 Complete Act

State: Punjab

Year: 1999

.....with the provisions of this Act and the rules and regulations made thereunder; (8) "building" means any shop, house, hut, outhouse, stable, a factory, an industrial shed and a temporary structure erected by means of tents and any other structure including structures raised for entertainment purposes whether roofed or not and whether used for the purposes of human habitation or otherwise and whether of masonry, bricks, wood, mud, thatch, metal or any other material whatever, and includes a wall and a well; (9) "Chief Officer of a Municipality" or "Chief Officer" means " (i) in relation to a Municipal Corporation, the Commissioner; and (ii) in relation to a Municipal Council or a Nagar Panchayat, the Executive Officer; (10) "City" means a larger urban area deemed to be a City under section 6; (11) "Class A smaller urban area", "Class B smaller urban area" and "Class C smaller urban area" means a smaller urban area classified as such by the Government under Section 10; (12) "Commissioner" means the Commissioner of the Municipal Corporation appointed under section 79; (13) "Councillor" means a member of Municipal Corporation referred to in clause (35); (14) "Dangerous disease".....

State Bank of India Subsidiary Banks Act, 1959 Section 26

Title: Term of Office of Directors

State: Central

Year: 1959

.....director appointed under clause (ca) or clause (cb) or a director, not being an officer of the Central Government, nominated under clause (e) of sub-section (1) of section 25 shall hold office for such term not exceeding three years, as the Central Government may specify 6[and thereafter until his successor shall have been duly appointed], and shall be eligible for re-nomination or reappointment, as the case may be: Provided that no such director shall hold office continuously for a period exceeding six years.] 4[(3)* * *] ________________________ 1. Substituted for portion beginning with words "if nominated "and ending with "that sub-section" by Banking Public Financial Instructions and Negotiable Instruments Laws (Amendment) Act (66 of 1988) Section 19 w.e.f. 30-12-88. 2. Substituted for "nominating", by Banking Public Financial 6.Instructions and Negotiable Instruments Laws (Amendment) Act (66 of 1988) Section 19 w.e.f. 30-12-88. 3. Substituted, by Banking Public Financial 6.Instructions and Negotiable Instruments Laws (Amendment) Act (66 of 1988) Section 19 w.e.f. 30-12-88.. 4. Sub-section (3) omitted, by Banking Public Financial 6.Instructions and Negotiable.....

State Bank of India Subsidiary Banks Act, 1959 Section 27

Title: Disqualification for Directorship

State: Central

Year: 1959

.....section,-- (a) "banking company" has the same meaning as in the 3[Banking Regulation Act, 1949](10 of 1949); (b) "manager" means the chief executive officer, by whatever name called of a banking company: (c) "private company" has the same meaning as in the Companies Act, 1956. ________________________ 1. Inserted by the State Bank Laws (Amendment) Act, 1973 (48 of 1973). Section 24 (1-7-1974). 2. Substituted for the words "provided further that," by the State Bank Laws (Amendment) Act, 1973 (48 of 1973). Section 24 w.e.f.1-7-1974. 3. Substituted by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) for the words and figures "Banking Companies Act, 1949"

State Bank of India Subsidiary Banks Act, 1959 Section 33

Title: Casual Vacancies Among Directors

State: Central

Year: 1959

.....(ca) or clause (cb) of sub-section (1) of section 25 the vacancy shall be filled-- (a) in the case of a director nominated under clause (c) of sub-section (1) of section 25 not being an officer of the State Bank, by nomination by the State Bank; (b) in the case of a director elected under clause (d) of sub-section (1) of section 25 by election or where the proviso to that clause is applicable, by nomination by the State Bank. Provided that where the duration of the vacancy in the office of an elected director is likely to be less than six months, the vacancy may be filled by the remaining directors by co-opting a person from amongst the shareholders entitled to elect a director under clause (d) of sub-section (1) of section 25 who is not disqualified under section 27; (c) in the case of a director nominated under clause (e) of sub-section (1) of section 25 not being an officer of the Central Government, by nomination by the Government in consultation with the State Bank. (2) A person nominated or elected or co-opted, as the case may be2[under sub-section (1)] shall hold office for the unexpired portion of the term of his predecessor. 2[(3) Where any vacancy occurs.....

State Bank of India Act, 1955 Section 20

Title: Term of Office of Chairman, Managing Director, Etc.

State: Central

Year: 1955

.....(2) omitted by Act 73 of 1976, Section 4, (w.e.f. 11th June, 1976). 4. Certain words, omitted by Act 66 of 1988, Section 12 (w.e.f. 8th July, 1992). 5. Omitted by Act 3 of 1994, Section 9 (w.e.f. 15th October, 1993). 6. Substituted by Act 66 of 1988, Section 12, for certain words (w.e.f. 8th July, 1992). 7. Substituted by Act 66 of 1988, Section 12, for "four years" (w.e.f. 8th July, 1992). 8. Omitted by Act 66 of 1988, Section 12, (w.e.f. 8th July, 1992). 9. Omitted by Act 66 of 1988, Section 12. 10. Act 66 of 1988, Section 12. 11. Inserted by Act 48 of 1973 Section 4 (w.e.f. 29th April, 1974). 12. Substituted by Act 48 of 1973 Section 4, (w.e.f. 8th July, 1992). 13. Substituted by Act 3 of 1994, Section 9, for the certain words (w.e.f. 15th October, 1993). 14. Substituted by Act 66 of 1988, Section 12 (w.e.f. 8th July, 1992). 15. Inserted by Act 66 of 1988, Section 12 (w.e.f. 8th July, 1992). 16. The following words "until his successor shall have been duly elected" were omitted by the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, dated w.e.f. 16.10.2006.