Bare Act Search Results

State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Chapter IV

Title: Amendment to the State Bank of India (Subsidiary Banks) Act, 1959

State: Central

Year: 2007

..... Section 25 - Amendment of section 55 In section 55 of the State Bank of India (Subsidiary Banks) Act, for the words "Banking Companies Act", the words "Banking Regulation Act" shall be substituted. Section 26 - Amendment of section 63 In section 63 of the State Bank of India (Subsidiary Banks) Act,-- (a) for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) The Board of Directors of a subsidiary bank may, after consultation with the State Bank and with the previous approval of the Reserve Bank, by notification in the Official Gazette, make regulations not inconsistent with this Act and the rules made thereunder, to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Act or any other law for the time being in force;"; (b) in sub-section (2),-- (i) after clause (f), the following clauses shall be inserted, namely:-- "(fa) the procedure for issuing the certificates of shares; (fb) the procedure with respect to increase, whether by public issue or by preferencial allotment or private placement, the issued capital by issue of equity or preference.....

State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Section 20

Title: Insertion of New Section 40a

State: Central

Year: 2007

.....Act, 2007, remains unpaid at such commencement, the subsidiary bank shall, within a period of six months from such commencement, transfer such unpaid amount to the account referred to in sub-section (1). (3) Any money transferred to the unpaid dividend account of the subsidiary bank in pursuance of this section, which remains unpaid or unclaimed for a period of seven years from the date of such transfer shall be transferred by the subsidiary bank to the Investor Education and Protection Fund established under sub-section (1) of section 205C of the Companies Act, 1956 (1 of 1956). (4) The money transferred under sub-section (3) to the Investor Education and Protection Fund shall be utilised for the purposes and in the manner specified in section 205C of the Companies Act, 1956 (1 of 1956)'.

The Jharkhand Fiscal Responsibility and Budget Management Act, 2007 Complete Act

State: Jharkhand

Year: 2007

.....under sub-section (2) of Section 6; and (d) any other matter which is required to be and not inconsistent with the provisions of the Bill. Section 10 - Rules to be laid before the Legislative Assembly Every rule made under this Bill shall be laid, as soon as may be after it is made, before Legislative Assembly, while it is in session, before the expiry of the session or immediately following the session. Section 11 - Protection of action taken in good faith No suit, prosecution or other legal proceedings shall lie against the State Government or any officer of the State Government for anything which is in good faith done or intended to be done under this Bill or the rules made there under. Section 12 - Application of other laws not barred The provisions of this Bill shall be in addition to and not in derogation of, the provisions of any other law for the time being in force. Section 13 - Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Bill, the State Government may be, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear be.....