Bare Act Search Results

Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 Section 3

Title: Obligation as to Fidelity and Secrecy

State: Central

Year: 1983

.....Banks) Act, 1959(38 of 1959), any corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970( 5 of 1970) or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, any other scheduled bank within the meaning of the Reserve Bank of India Act, 1934(2 of 1934); or (c) any other public financial institution, 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. 1(3) Nothing contained in this section shall apply to the credit information disclosed under the Credit Information Companies (Regulation) Act, 2005.". 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(2 of 1934) subject to the modification that the banking company referred to therein shall mean a bank referred to in clause (b) of this sub-section or a public financial institution. _______________________ 1 . Inserted vide Credit Information Companies (Regulation) Act, 2005.

Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 Section 5

Title: Amendment of Act 15 of 1948

State: Central

Year: 1983

.....Repealed by Repealing and Amending Act 1988. w.e.f 31-3-1988. Prior to repeal Section 5 stood as follows " [ In the Industrial Finance Corporation Act, 1948,- (a) section 39 shall be re-numbered as sub-section (3) thereof and before sub-section (3) as so re-numbered, the following sections shall be inserted, namely:- '(1) The Corporation shall not, except as otherwise required by this Act or any other law for the time being in force, divulge any information relating to, or to the affairs of, its constituents except in circumstances in which it is, in accordance with the law or practice and usage, customary among bankers, necessary or appropriate for the Corporation to divulge such information. (2) The Corporation may, for the purpose of efficient discharge of its functions under this Act, collect from, or furnish to- (a) the Central Government; (b) the State Bank of India constituted under section 3 of the State Bank of India Act, 1955(23 of 1955), any subsidiary bank within the meaning of the State Bank of India (Subsidiary Banks) Act, 1959(38 of 1959), any corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of.....

Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 Section 6

Title: Amendment of Act 63 of 1951

State: Central

Year: 1983

...... Repealed by Repealing and Amending Act 1988 w.e.f 31-3-1988. Prior to repeal Section 6 stood as follows. "[ In the State Financial Corporations Act, 1951,- (a) section 40 shall be re-numbered as sub-section (3) thereof, and before sub-section (3) as so re-numbered, the following sub-sections shall be inserted, namely:- (1) The Financial Corporation shall not, except as otherwise required by this Act or any other law for the time being in force, divulge any information relating to, or to the affairs of, its constituents except in circumstances in which it is, in accordance with the law or practice and usage, customary among bankers, necessary or appropriate for the Financial Corporation to divulge such information. (2) The Financial Corporation may, for the purpose of efficient discharge of its functions under this Act, collect from, or furnish to- (a) the Central Government; (b) The State Bank of India constituted under section 3 of the State Bank of India Act, 1955(23 of 1955), any subsidiary bank within the meaning of the State Bank of India (Subsidiary Banks) Act, 1959(38 of 1959), any corresponding new bank constituted under section 3 of the Banking Companies.....

Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 Complete Act

State: Central

Year: 1983

.....date on which this Act became applicable to such institution, make a declaration of fidelity and secrecy in the form set out in the Schedule to this Act. SECTION 05: AMENDMENT OF ACT 15 OF 1948 [Repealed by Repealing and Amending Act (19 of 1988), Sch. (31 -3-1988)]. SECTION 06: AMENDMENT OF ACT 63 OF 1951 [Repealed by Repealing and Amending Act (19 of 1988), Sch. (31-3-1988)]. SCHEDULE 1 THE SCHEDULE (See section 4-) DECLARATION OF FIDELITY AND SECRECY I, , do hereby declare that I will faithfully, truly find to the best of my skill and ability, execute and perform the duties required of me as director, member of any Committee, auditor, officer or other employee (as the case may be) of the ___ and which properly relate to the office or position held by me in, or in relation to, the___ I further declare that I will not communicate or allow to be communicated to any person not legally entitled thereto any information relating to the affairs of the ___or to the affairs of any person having any dealing with the ___nor will I allow any such person to inspect, or have access to, any books or documents belonging to, or in the possession of the ___or the business of any person having.....