Bare Act Search Results

Industrial Reconstruction Bank of India Act, 1984 Section 61

Title: Obligations as to Fidelity and Secrecy

State: Central

Year: 1984

.....meaning of the State Bank of India (Subsidiary Banks) Act, 1959, or any nationalised bank or any other scheduled bank, or any State co-operative bank or the Development Bank or other public financial institutions, or State level agencies or prescribed institutions or State Financial Corporations, such credit information or other information as it may consider useful for the purpose, in such manner and at such time, as it may think fit. Explanation.-- For the purposes of this sub-section, the expression "credit informa­tion" shall have the same meaning as in clause (c) of section 45A of the Reserve Bank of India Act, 1934, subject to the modification that the banking company referred to therein shall mean an assisted industrial concern.

Industrial Reconstruction Bank of India Act, 1984 Chapter IX

Title: Miscellaneous

State: Central

Year: 1984

.....57 - Act 54 of 1969 not to apply to the expansion or amalgamation of certain undertakings No provision of the Monopolies and Restrictive Trade Practices Act, 1969, in relation to the amalgamation, merger, modernisation or expansion of any undertaking to which Part III of that Act applies, shall apply when such amalgamation, merger, modernisation or expansion of such undertaking, takes place as a result of any sale, lease, purchase, amalgamation or merger in accordance with the provisions of this Act. Section 58 - Returns The Reconstruction Bank shall furnish, from time to time, to the Central Government and the Reserve Bank such returns as the Central Government, or, as the case may be, Reserve Bank, may require. Section 59 - Delegation of powers The Board may, by general or special order, delegate, subject to such conditions and limitations, if any, as may be specified in the said order, to the Executive Committee or any other committee constituted under this Act or to any director, officer or other employee of the Reconstruction Bank or to the directors, administrators, officers, or other persons authorised by the Reconstruction Bank to manage any assisted.....

Industrial Reconstruction Bank of India Act, 1984 Complete Act

State: Central

Year: 1984

.....and obligations of whatever kind then subsisting of the Corporation in relation to its undertaking. (4) Unless otherwise expressly provided by this Act, all contracts, deeds, bonds, agreements, powers of attorney, grants of legal representation and other instruments of whatever nature subsisting or having effect immediately before the appointed day and to which to Corporation is a party or which are in favour of the Corporation, shall be of as full force and effect against or in favour of the Reconstruction Bank, and may be enforced or acted upon as fully and effectually as if, in the place of the Corporation, the Reconstruction Bank had been a party thereto or as if they had been issued in favour of the Reconstruction Bank. (5) If, on the appointed day, any suit, appeal or other proceeding of whatever nature in relation to the business of the undertaking which has been transferred under this section, is pending by, or against, the Corporation, the same shall not abate, be discontinued or be, in any way, prejudicially affected by reason of the transfer of the undertaking of the Corporation or of anything contained in this Act, and the suit, appeal or other proceeding may be.....

Banking Service Commission Act, 1984 [Repealed] Section 23

Title: Obligation as to Secrecy

State: Central

Year: 1984

The Chairman and members and the Secretary or other employees of the Commission, and every member of any committee constituted under sub-section (1) of section 7, shall maintain strictest secrecy regarding the affairs of the Commission and shall not divulge, directly or indirectly, any information of a confidential nature to a member of the public unless compelled to do so by any judicial or other authority or unless instructed to do so by a superior officer in the discharge of his duties.

Banking Service Commission Act, 1984 [Repealed] Chapter IV

Title: Miscellaneous

State: Central

Year: 1984

.....committee constituted under sub-section (1) of section 7shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code Section 25 - Certain defects not to invalidate acts or proceedings (1) All acts done by the Chairman and members and the members of any committee constituted under sub-section (1) of section 7 acting in good faith, shall, notwithstanding any defect in their appointment or procedure, be valid. (2) No act or proceeding of the Commission or of any committee thereof shall he invalid merely on the ground of the existence of any vacancy therein or defect in the constitution of the Commission or the committee, as the case may be. Section 26 - Protection of action taken In good faith No suit, prosecution or other legal proceedings shall lie against the Central Government or the Commission or any committee constituted under sub-section (1) of section 7 or any member of the Commission or of such committee or the Chairman or Secretary or other employee of the Commission for anything which is in good faith done or intended to be done under this Act or any rule made there under. Section 27 - Commission not liable to be.....

Banking Service Commission Act, 1984 Complete Act

State: Central

Year: 1984

.....selections could be ensured. Government had accepted this recommendation of the Banking Commission. Accordingly, the Banking Service Commission Act, 1975 was enacted by Parliament to provide for the establishment of a Banking Service Commission. 2. Before the Commission established under the Banking Service Commission Act, 1975 could start functioning, the Act was repealed in 1978. Thereafter, Banking Service Recruitment Boards were established by way of an alternative machinery to effect recruitment of officers and clerks in the public sector banks. The working of the Recruitment Boards for over five years has shown deficiencies such as duplication of efforts and wastage of resources on the recruitment of officers from different regions. It was, therefore, considered necessary to make some modifications in the existing process for the recruitment of officers in the public sector banks so that there is economy in expenditure, speedier conduct of recruitment and judicious placement and improved quality of candidates. The Bill seeks to give effect to this idea for providing for the establishment of a body corporate to be called "The Banking Service Commission". 3. The proposed.....