Bare Act Search Results

COMPANIES (APPOINTMENT OF THE SMALL SHAREHOLDERS' DIRECTOR) RULES, 2001 Complete Act

State: Central

Year: 2001

.....shareholders ceases to be a small shareholders' director on and from such date on which he ceased to be a small shareholder; (ii) he has been rendered disqualified by virtue of sub-rule (1) of rule (5); (iii) he fails to pay any call in respect of shares of the company held by him, whether alone or jointly with others, within six months from the last date fixed for the payment of the call; (iv) he absents himself from three consecutive meetings of the Board of directors, or from all meetings of the Board for a continuous period of three months, whichever is longer, without obtaining leave of absence from the Board; (v) he is a partner of any private company of which he is a director, accepts a loan, or any guarantee or security for a loan, from the company in contravention of section 295; (vi) he acts in contravention of section 299; (vii) he becomes disqualified by an order of Court under section 203; (viii) he is removed in pursuance of section 284; 7. Restriction on number of directorship.- No person shall hold office at the same time as small shareholders' director in more than two companies. Central Bare Acts

The Maharashtra Director of Prohibition and Excise (Change in Designation) Act, 1973 Complete Act

State: Maharashtra

Year: 1973

.....OF PROHIBITION AND EXCISE (CHANGE IN DESIGNATION) ACT, 1973 THE MAHARASHTRA DIRECTOR OF PROHIBITION AND EXCISE (CHANGE IN DESIGNATION) ACT, 1973 MAHARASHTRA ACT No. L1I 1973 [27th December, 1973] An Act further to amend certain enactments due to change in designation of the Director of Prohibition and Excise WHEREAS the designation of the post of Director of Prohibition and Excise is proposed to be changed to Commissioner of Prohibition and Excise ; AND WHEREAS as a con5equence thereof it is expedient to amend certain enactments and to provide for matters connected therewith ; It is hereby enacted in the Twenty-fourth Year of Republic of India as follows ;" NOTES As a result of the reappraisal of the Prohibition Policy of Govern ment as announced on the floor of both the Houses of Maharashtra Legisla ture on 8th August, 1972, and the introduction of the Country Liquor Scheme, the responsibilities of Prohibition and Excise administration has increased immensely. It was, therefore, found necessary to upgrade the post of Director of Prohibition, and Excise from the senior time scale, the I.A.S. to its super time scale"Vide Statement of Objects and.....

The Director of Municipal Administration (Orissa) Exercise of Jurisdiction Validation Act, 1970 Complete Act

State: Orissa

Year: 1970

..... 2 . Notwithstanding anything contained in the Orissa Municipal Act, 1950 no action taken or order passed by the Director of Municipal Administration within the period from the 1st day of August 1968 to the 12th day of March 1969 in the belief or purported belief that the said Director while taking such action or making such order was appointed to act as such Director by an appropriate notification issued under the said Act, shall be questioned in any court of law or otherwise open to challenge merely on the ground that he was not appointed by a notification as aforesaid and all such actions and orders shall be deemed to have been validly taken or passed in exercise of the powers conferred by or under that Act. Orissa State Acts

The Orissa Textile & Sericulture Service (Validation of Appointment of Assistant Director of Textiles) Act, 2005 Complete Act

State: Orissa

Year: 2005

.....1 - Short title This Act may be called the Orissa Textile and Sericulture Service (Validation of Appointment of Assistant Director of Textiles) Act, 2005. Section 2 - Definitions In this Act, unless the context otherwise requires,- (a) "Government" means the Government of Orissa; (b) "Recruitment Rules" means the Orissa Textile and Sericulture (Method of Recruitment and Conditions of Service) Rules, 1993; (c) "Service" means the Orissa Textile and Sericulture Service; and (d) "Year" means the calendar year. Section 3 - Validation (1) Notwithstanding anything contained in the Recruitment Rules, Shri Prasanna Kumar Gantayat, who is a Textile Engineer, appointed as Assistant Director of Textile in the Service on ad hoc basis by the Government in Textile and Handloom Department on the 1st day of January, 1999 and continuing as such shall be deemed to have been validly and regularly appointed to the service against the direct recruitment quota under the said Department with effect from the date of commencement of this Act and, accordingly no such appointment shall be challenged in any Court of law merely on ground that such appointment was made otherwise than in accordance with.....

EMPLOYEES' PROVIDENT FUND ORGANISATION [ASSISTANT DIRECTOR (VIGILANCE)] RECRUITMENT RULES, 1999 Complete Act

State: Central

Year: 1999

.....with any person; shall be eligible for appointment to the said post. Provided that the Central Board may, if satisfied that such marriage is permissible under the personal law applicable to such person and the other party to the marriage & that there are other grounds for so doing, exempt any person from the operation of this rule. RULE 05: POWER TO RELAX -Where the Central Board is of the opinion that it is necessary or expedient so to do, it may, by order for reasons to be recorded in writing, and in consultation With the Ministry of Labour, relax any of the provisions of these rules with respect to any class or category of persons. RULE 06: SAVINGS Nothing in these rules shall affect reservations, relaxation of age limit and other concessions required to be provided for the Scheduled Castes, the Scheduled Tribes, Ex-Servicemen and other special categories of persons in accordance with the orders issued by the Central Government from time to time in this regard. Central Bare Acts

EMPLOYEES' PROVIDENT FUND ORGANISATION [DEPUTY DIRECTOR (OFFICIAL LANGUAGE)] RECRUITMENT RULES, 1999 Complete Act

State: Central

Year: 1999

.....with any person; shall be eligible for appointment to the said post. Provided that the Central Board may, if satisfied that such marriage is permissible under the personal law applicable to such person and the other party to the marriage & that there are other grounds for so doing, exempt any person from the operation of this rule. RULE 05: POWER TO RELAX -Where the Central Board is of the opinion that it is necessary or expedient so to do, it may, by order for reasons to be recorded in writing, and in consultation with the Ministry of Labour, relax any of the provisions of these rules with respect to any class or category of persons. RULE 06: SAVINGS -Nothing in these rules shall affect reservations, relaxation of age limit and other concessions required to be provided for the Scheduled Castes, the Scheduled Tribes, Ex-Servicemen and other special categories of persons in accordance with the orders issued by the Central Government from time to time in this regard. Central Bare Acts

Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 Complete Act

State: Central

Year: 1988

.....1989. 2. Every company shall, in the report of its board of directors.-disclose particulars with respect to the following matters, namely:- A. Conservation of energy - (a) energy conservation measures taken; (b) additional investments and proposals, if any, being implemented for reduction of consumption of energy; (c) impact of the measures at (a) and (b) above for reduction of energy consumption and consequent impact on the cost of production of goods; (d) total energy consumption and energy consumption per unit of production as per Form A of the Annexure in respect of industries specified in the Schedule thereto. B. Technology absorption- (e) efforts made in technology absorption as per Form B of the Annexure: C. Foreign exchange earnings and outgo- (f) activities relating to exports; initiatives taken to increase exports; development of new export markets for products and services and export plans: (g) total foreign exchange used and earned. Central Bare Acts

Companies Act, 1956 Chapter 2

Title: Directors

State: Central

Year: 1956

.....) Sub-section ( 1 ) shall not apply to a private company, unless it is a subsidiary of a public company. ______________________ 1. Inserted by Act 31 of 1988, Section 45 (w.e.f. 15-6-1988). 2. Inserted by Act 65 of 1960, Section 85 (w.e.f. 28-12-1960). Section 258 - Right of company to increase or reduce the number of directors 1[***] Subject to the provisions of sections 252 , 255 and 259 , a company in general me eting may, by ordinary resolution, increase or reduce the number of its directors within the limits fixed in that behalf by its articles. ______________________ 1. The brackets and figure "(1) omitted by Act 36 of 1957, Section 3 and Schedule II." Section 259 - Increase in number of directors to require Government sanction In the case of a public company or a private company which is a subsidiary of a public company, any increase in the number of its directors, except- (a) in the case of a company which was in existence on the 21 st day of July, 1951 , an increase which was within the permissible maximum under its articles as in force on that date, and (b) in the case of a company which came or may come into existence after that date, an.....

State Bank of India Subsidiary Banks Act, 1959 Section 25

Title: Composition of the Board of Directors

State: Central

Year: 1959

.....Act(66 of 1988), Section 18 w.e.f 30-12-88. 4. Substituted for the following by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) "(a) the chairman for the time being of the State Bank, ex officio;" 5. Substituted for the following by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) "(b) an officer of the Reserve Bank, to be nominated by that Bank;" 6. Substituted for the following by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) "(d) two directors to be elected in the prescribed manner by the shareholders, other than the State Bank: Provided that if the total amount of the holdings of all such shareholders registered in the books of the subsidiary bank three months before the date fixed for election is below five per cent of the total issued capital, or if there are no shareholders other than the State Bank registered on the bonks of the subsidiary bank, the directors to be elected by the shareholders shall be nominated by the State Bank and such directors shall, for the purposes of this Act, be deemed to be directors elected under this.....

State Bank of India Subsidiary Banks Act, 1959 Section 34

Title: Meetings or the Board of Directors

State: Central

Year: 1959

.....Act, 1973 (48 of 1973), Section 28 w.e.f.1-7-1974. 3. Substituted for the following by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) "(1)The Board of Directors of a subsidiary bank shall meet at such time and place and shall observe such rules of procedure in regard to the transaction of business at its meetings as may be prescribed." 4. Substituted by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) for the words "The chairman of the State Bank". 5. Substituted for the following by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) "(3) All questions at a meeting of the Board of Directors of a subsidiary bank shall be decided by a majority of the votes of the directors present, and in case of equality of votes, the person presiding at the meeting shall have a second or casting vote." 6. Substituted by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) for the the words, brackets and letter "of the Reserve Bank or the State Bank nominated under clause (b) or clause (c)" 7. Omitted the words "and the Reserve.....