Bare Act Search Results

Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 3

Title: Establishment of Corresponding New Banks and Business Thereof

State: Central

Year: 1970

.....(b) of section 5 of the Banking Regulation Act, 1949 (10 of 1949) and may engage in 4 [one or more of the other forms of business] specified in sub-section (1) of section 6 of that Act. (6) Every corresponding new bank shall establish a reserve fund to which shall be transferred the share premiums and the balance, if any, standing to the credit of the reserve fund of the existing bank in relation to which it is the corresponding new bank, and such further sums, if any, as may be transferred in accordance with the provisions of section 17 of the Banking Regulation Act, 1949 (10 of 1949). 5 [(7) (i) The corresponding new bank shall, if so required by the Reserve Bank, act as agent of the Reserve Bank at all places in India where it has a branch, for- (a) paying, receiving, collecting and remitting money, bullion and securities on behalf of any Government in India; and (b) undertaking and transacting any other business which the Reserve Bank may from time to time entrust to it. (ii) The terms and conditions on which any such agency business shall be carried on by the corresponding new bank on behalf of the Reserve Bank shall be such as may be agreed upon. (iii) If no.....

Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Complete Act

State: Central

Year: 1970

.....by him in this behalf realise any asset and discharge any liability of the existing bank. (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 commencement of this Act and to which the existing bank is a party or which are in favour of the existing bank shall be of full force and effect against or in favour of the corresponding new bank. and may be enforced or acted upon as fully and effectually as if in the place of the existing bank the corresponding new bank had been a party thereto or as if they had been issued in favour ot the corresponding new' bank. (5) If, on the appointed day. any suit. appeal or other proceeding of whatever nature in relation to any business of the undertaking which has been transferred under Section 4-, is pending by or against the existing bank the same shall not abate, be discontinued or be. in any way, prejudicially affected by reason of the transfer of the undertaking of the existing bank or of anything contained in this Act but the suit, appeal or other.....

Maharashtra National and State Parks Act, 1970 Complete Act

State: Maharashtra

Year: 1970

.....to the validity of anything previously done or omitted to be done under that rule. SECTION 27: REPEALS AND SAVINGS (1) On the commencement of this Act, the Bombay National arks Act, 1950. and the Madhya Pradesh National Parks Act, 1955, shall stand repealed. (2) Notwithstanding the repeal of the said laws by sub-section (1), - (a) any area constituted or declared to be a National Park under either of the repealed laws shall be deemed to be a constituted National Park under this Act; (b) anything else done or any other action taken(including any appointment or application made, notification, order or direction issued fee levied, proceeding taken or permission given) under either of the two laws so repealed and in force immediately before the commencement of this Act, shall in so far as it is not inconsistent with the provisions of this Act, and unless the State Government otherwise, directs, be deemed to have been made, issued, levied, taken or given under relevant provisions of this Act, and continue to be in force in the respective area accordingly, unless and until superseded by anything done or any action taken under this Act: Provided that, no regulations, rules, by-laws,.....

The Orissa Bhoodan and Gramdan Act, 1970 Complete Act

State: Orissa

Year: 1970

.....of property both moveable and immoveable and may, by the said name, sue or be sued. (Substituted by the Orisw Bhoodan and Gramdan (Amendment) Act, 1977 (Or. Act 4 of 1977), S. 2.) [4. Composition of the Samiti. (1) The Samiti shall consist of a Chairman, a Vice-Chairman and nine other members to be appointed by the State Government. ] (2) The appointment of the Chairman, the Vice- Chairman and the other members of the Samiti shall be notified in the Gazette. (3) The Chairman shall exercise such powers and perform such functions as may be prescribed. (4) The Vice-Chairman shall exercise such powers and perform such functions of the Chairman as the Chairman may, from time to time, delegate to him in writing in that behalf and he shall also exercise the powers and perform the functions of the Chairman during his absence. 5. Term of Office. Every member of the Samiti, including the Chairman and Vice-Chairman shall hold office for a term of four years from the date of notification of his appointment, and shall be eligible for reappointment. (Added by the Orissa Bhoodan and Gramdan (Amendment) Act, 1977 (Or. Act 4 of 1977), S. 3) [Provided that the State.....

The Pondicherry Revenue Recovery Act, 1970 Complete Act

State: Pondicherry

Year: 1970

.....aggrieved by proceedings. 60. Claim of Government to have precedence over all others. 61. Repeal and savings. THE PONDICHERRY REVENUE RECOVERY ACT, 1970 (Act No. 14 of 1970) 20th June 1970. An Act to provide for the recovery of arrears of revenue in the Union territory of Pondicherry. Be it enacted by the Legislative Assembly of Pondicherry in the Twenty-first Year of the Republic of India as follows:- Short title, extend and commencement:- 1. (1) This Act may be called the Pondicherry Revenue Recovery Act, 1970. (2) It extends to the whole of the Union territory of Pondicherry. (3) It shall come into force on such The Act came into force on the 1st day of August, 1970 vide Notification No.B-819/68-Rev. I, dated 25th July, 1970 date as the Government may, by notification in the Official Gazette, appoint. Definitions:- 2. In this Act, unless the context otherwise requires,- (a) "Collector" means the Secretary to Government Revenue, Finance, and Planning Department, Pondicherry and includes the Deputy Collector (Revenue), Pondicherry for Pondicherry region, and the Administrators, Karaikal, Mahe and Yanam in their respective regions; (b) "Fasli Year".....