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Start Free TrialState Financial Corporations Act, 1951 Chapter V
Title: Miscellaneous
State: Central
Year: 1951
.....the institution shall be deemed to be a Financial Corporation established by the State Government for the State within the meaning of this Act, and the provisions of this Act shall become applicable thereto according to the tenor of the notification: 2[Provided that no notification shall be issued under this sub-section in respect of any institution unless a request is made in that behalf by the State Government concerned.] (2) Any notification issued under Sub-section (1) may suspend the operation of any enactment applicable to any such institution immediately before the issue of the notification. ______________________ 1. Substituted by Act 43 of 1985, section 29, for "Any institution in existence at the commencement of this Act" (w.e.f. 21-8-1985). 2. Inserted by Act 43 of 1985, section 29 (w.e.f. 21-8-1985). Section 46A - Extension of jurisdiction of the Financial Corporation to other States by agreement 1[46A. Extension of jurisdiction of the Financial Corporation to other States by agreement.-- (1) Where a Financial Corporation has been established for any State2[and one or more other States not served in whole or in part by a Financial.....
View Complete Act List Judgments citing this sectionState Financial Corporations Act, 1951 Section 40
Title: Declaration of Fidelity and Secrecy
State: Central
Year: 1951
.....company referred to therein shall mean a bank referred to in Clause (b) of this sub-section.] 3[(3)] Every director, auditor, officer or other employee of the Financial Corporation shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the Schedule. 4(4) Nothing contained in this section shall apply to the credit information disclosed under the Credit Information Companies (Regulation) Act, 2005.". ______________________ 1. Inserted by Act 48 of 1983, section 6 (w.e.f. 30-12-1983). 2. Substituted by Act 39 of 2000, section 29, for "state Co-operative Bank or the Development Bank" (w.e.f. 5-9-2000). 3. Section 40 renumbered as sub-section (3) thereof by Act 48 of 1983, section 6 (w.e.f. 30-12-1983). 4. Inserted vide Credit Information (Regulation) Act, 2005
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