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Bombay Prohibition Act, 1949, (Maharashtra) Section 142

Title: Power of Collector to Close Places Where Intoxicant or Hemp is Sold in Certain Cases

State: Maharashtra

Year: 1949

1[142. Power of Collector to close places where intoxicant or hemp is sold in certain cases (1) If the Collector is of opinion that it is in the interest of public peace to close any place in which any intoxicant or hemp is sold, it shall be lawful for the Collector by an order in writing to the persons holding a licence for the sale of such intoxicant or hemp to require him to close such place at such time or for such period as may be specified in the order. (2) If a not or unlawful assembly is imminent, or takes place; it shall be lawful for any Executive Magistrate or Police Officer who is present to direct that such place shall be closed and kept closed for such period as he thinks fit, and in the absence of any Executive Magistrate or Police Officer the person referred to in Sub-section (1) shall himself close such place. (3) Any order given under this section shall be final.] ______________________ 1. This section was Substituted for the original by Bom. 22 of 1960, s. 93.

Banking Regulation Act, 1949 Complete Act

State: Central

Year: 1949

.....on 19-9-1949. This Act now incorporates the provisions contained therein in the Banking Companies Act. 1949 as a pernabebt basis, in addition. this Act also amends the said Act for the following purposes :- (a) to incorporate special provisions for facilitating quick amalgamations between banking companies: (b) to empower the Reserve Bank to control opening of branches by Indian banks in foreign countries: (c) to provide a meaning of the terms "assets in India" for the purpose of section 25.-Gaz. of Ind.. 24-12-1949. Pt. V. p:501. Act 52 of 1953.- The Banking Companies Act. 1949 (X of 1949) was passed to ensure proper administration of the banking companies in India. The liquidation of banks, however, continued to be governed by the provisions of the Indian Companies Act, 1913. Experience of the liquidation of a large number of banks that failed during the post-war and post-partition period disclosed that the procedure for the liquidation of joint stock companies was totally inadequate for the liquidation of banking companies in a manner satisfactory to the depositors. A bank has a far larger number of debtors than a joint stock company of a comparable size, and the necessity to.....

Bombay Provincial Municipal Corporation Act, 1949 Complete Act

State: Maharashtra

Year: 1949

.....Corporation is inserted. (iv) any joint stock company or any society, registered or deemed to be registered under the Bombay Co-operative Societies Act, 19251[which shall contract with or be employed by the Commissioner or the Transport Manager on behalf of the Corporation ; (v) the occasional sale to the Commissioner or Transport manager on behalf of the Corporation of any article in which he regularly trades to a value not exceeding in the aggregate in any one official year two thousand rupees; or (vi) the occasional letting out on hire to the Corporation or in the hiring from the Corporation of any article for an amount not exceeding in the aggregate in any one official year five hundred rupees ; (c) occupying as a tenant for the purpose of residence any premises belonging to the Corporation ; or (d) receiving conveyance charges as a member of the Transport Committee. SECTION 11: DISABILITIES FROM CONTINUING AS COUNCILLOR A Councillor shall cease to hold office as such if at any time during his term of office he, (a) becomes disqualified for being a Councillor by reason of the provisions of section 10 ; (b) absents himself during three successive months from the meetings of.....

Banking Regulation Act, 1949 Part 2

Title: Business of Banking Companies

State: Central

Year: 1949

.....of guarantee and indemnity business; (f) managing, selling andrealising any property which may come into the possession of the company insatisfaction or part satisfaction of any of its claims; (g) acquiring and holding andgenerally dealing with any property or any right, title or interest in any suchproperty which may form the security or part of the security for any loans or advancesor which may be connected with any such security; (h) undertaking and executingtrusts; (i) undertaking theadministration of estates as executor, trustee or otherwise; (j) establishing and supportingor aiding in the establishment and support of associations, institutions,funds, trusts and conveniences calculated to benefit employees or ex-employeesof the company or the dependents or connections of such persons; grantingpensions and allowances and making payments towards insurance; subscribing toor guaranteeing moneys for charitable or benevolent objects or for anyexhibition or for any public, general or useful object; (k) the acquisition,construction, maintenance and alteration of any building or works necessary orconvenient for the purposes of the company; (l) selling,.....

Banking Regulation Act, 1949 Section 24

Title: Maintenance of a Percentage of Assets

State: Central

Year: 1949

.....26, for certain words and figures w.e.f. 29-3-1985. 8. Substituted by Act 1 of 1984, Section 26, for clause (b) w.e.f.29-9-1985. 9. Inserted by Act 1 of 1984 Section 26 w.e.f. 29-3-1985. 10. Inserted by Act 21 of 1976, Section 33 w.e.f. 26-9-1975. 11. Certain words omitted by Act I of 1984, Section 26 w.e.f. 29-3-1985. 12. Substituted by Act 1 of 1984, Section 26, for sub-section(3) w.e.f. 29-3-1985. 13. Omitted by the Banking Regulation (Amendment) Act, 2007, w.e.f. 23rd January, 2007. Prior to omission the text read as under: "(1) After the expiry of two years from the commencement of this Act, every banking company shall maintain 1[in India] in cash, gold or unencumbered approved securities, valued at a price not exceeding the current market price, an amount which shall not at the close of business on any day be less than 20 percent of the total of its 2[demand and time liabilities] 3[in India]. 4[Explanation.--For the purposes of this section, "unencumbered approved securities" of a banking company shall include its approved securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have.....

Banking Regulation Act, 1949, (Maharashtra) Section 24

Title: Maintenance of a Percentage of Assets

State: Maharashtra

Year: 1949

.....banking company had sufficient cause for its failure to comply with the provisions of clause (a) of sub-section (2-A) the Reserve Bank may not demand the payment of the penal interest. Explanation : In this section, the expression "public holiday" means a day which is a public holiday under the Negotiable Instruments Act, 1881 (26 of 1881)]. ______________________ 1. Omitted by Act 1 of 1984 section 42. 2. Inserted by Act 33 of 1959. section 15 (w.e.f. 1.10.1959). 3. Inserted by Act 1 of 1984 section 61 and Schedule II (w.e.f. 15.2.1984). 4. Substituted for the words "in the States" by Act 20 of 1950. 5. Substituted for the orginial Explnation by Act 33 of 1959, section 15. 6. Sub-sections 2 and 2(a) substituted by Act 1 of 1984. 7. Inserted by Act 21 of 1976, section 33 (w.e.f. 26.9.1975). 8. Omitted by Act No. 1 of 1984, section 26 (w.e.f. 29.3.1985). 9. Substituted by Act No. 1 of 1984, section 26 (w.e.f. 29.3.1985).

The Bombay Prohibition Act, 1949 Complete Act

State: Maharashtra

Year: 1949

.....intoxicating substance which the 4[State] Government may by notification in the Official Gazette, declare to be liquor for the purposes of this Act; (25) "manufacture" includes- (a) even, process whether natural or artificial by which any liquor or intoxicating drug is produced, prepared or blended and also redistillation and every process for the 5 [rectification, flavouring. Or colouring of liquor or intoxicating drug] but does not include flavouring, blending or colouring of liquor or intoxicating drug lawfully possessed for private consumption; and (b) even, process of producing and drawing of toddy from trees; (26) "Medical Board" means a board constituted under section 8: (27) "mhowra flower," does not include the berry or seed of the mhowra tree; (28) "molasses" means the heavy. dark coloured 6[viscous liquid produced] in the final stage of the manufacture of gur or sugar containing, in solution or suspension, sugars which can be fermented, 7[and includes the solid form of such liquid and also any product formed by the addition to such liquid or solid of any ingredient which does not substantially alter the character of such liquid or solid;] 8[land shall also include.....

The Assam Cooperative Societies Act, 1949 Complete Act

State: Assam

Year: 1949

.....and amend the law relating to Co-operative Societies in the Province of Assam. It is hereby enacted as follows: COMMENTS Preamble. This act has been enacted to facilitate the formation and working of Co-operative Societies and to consolidate and amend the law relating to the Co operative Societies in the State of Assam. There is a Central Act, viz., the Co-operative Societies Act, 1912, which amended the Co-operative Credit Societies Act, 1904. The Act of 1904 applies to Societies for the purpose of Co-operative Credit only and not to Co-operative Societies of other kinds. The Central Act has been repealed in its application to Assam and Nagaland by the present Assam Act 1 of 1950. The policy of the Co-operative Societies Act is to save the person concerned from protractive, expensive and sometimes ruinous litigation of the civil courts and its object is to encourage, help and bring co-operation among the persons having limited means. The object of the Co-operative Societies is also to create the quality of credit-worthiness among agriculturists, artisans and other persons with common economic needs so as to bring about a higher standard of living, better business,.....

Banking Regulation Act, 1949 Section 25

Title: Assets in India

State: Central

Year: 1949

.....behalf and also such securities as the Reserve Bank may approvein this behalf notwithstanding that all or any of the said bills or securitiesare held outside India;] 4 [(b) "liabilities in India" shall not include thepaid-up capital or the reserves or any crredit balance in the profit and lossaccount of the banking company;] 5 [(c)] "quarter"means the period of three months ending on the last day of March, June,September or December. ___________________ 1. Subsituted by Act 33 of 1959, Section 16, for sub-sections (1)and (2) w.e.f. 1-10-1959. 2. Inserted by Act 61 of 1981, Section 61 and Second Schedule, Pt. IIw.e.f. 10-5-1982. 3. Subsituted by Act 20 of 1950, Section 7, for clause (a). 4. Inserted by Act 33 of 1959, Section 16 w.e.f. 1-10-1959. 5. Clause (b) relettered as clause (c) by Act 33 of 1959, Section 16w.e.f. 1-10-1959.

Banking Regulation Act, 1949 Section 27

Title: Monthly Returns and Power to Call for Other Returns and Information

State: Central

Year: 1949

.....of the foregoing power may call for information every half-year regarding 2 [the investments of a banking company and the classification of its advances in respect of industry, commerce and agriculture].] 3 [(3). Every regional rural bank shall submit a copy of the return which it submits to the Reserve Bank under sub-section (1) also to the National Bank and the powers exercisable by the Reserve Bank under sub-section (2) may also be exercised by the National Bank in relation to regional rural banks.] ___________________ 1. Inserted by Act 61 of 1981, Section 61 and Second Schedule, Pt. II w.e.f. 1-5-1982. 2. Subsituted by Act 95 of 1956, Section 6, for sub-section (2)w.e.f. 14-1-1957. 3. Subsituted by Act 33 of 1959, Section 17, for certain words w.e.f.1-10-1959.