Bare Act Search Results

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Complete Act

State: Central

Year: 2002

.....of the State Bank of India (Subsidiary Banks) Act, 1959. (2) Words and expressions used and not defined in this Act but defined in the Indian Contracts Act, 1872 (9 of 1872) or the Transfer of Property Act, 1882 (4 of 1882) or the Companies Act, 1956 (1 of 1956) or the Securities and Exchange Board of India Act, 1992 (15 of 1992) shall have the same meanings respectively assigned to them in those Acts. CHAPTER 2 REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS OF BANKS AND FINANCIAL INSTITUTIONS SECTION 03: REGISTRATION OF SECURITISATION COMPANIES OR RECONSTRUCTION COMPANIES (1) No securitisation company or reconstruction company shall commence or carry on the business of securitisation or asset reconstruction without- (a) obtaining a certificate of registration granted under this section; and (b) having the owned fund of not less than two crore rupees or such other amount not exceeding fifteen per cent of total financial assets acquired or to be acquired by the securitisation company or reconstruction company, as the Reserve Bank may, by notification, specify: Provided that the Reserve Bank may, by notification, specify different amounts of owned fund.....

Maharashtra Protection of Interests of Depositors (in Financial Establishments) Act, 1999 Complete Act

State: Maharashtra

Year: 1999

.....the said provisions a Designated Court shall be deemed to be a Magistrate. SECTION 14: ACT TO OVERRIDE OTHER LAWS Save as otherwise provided in this Act, the provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any custom or usage or any instrument having effect by virtue of any such law. SECTION 15: PROTECTION OF ACTION TAKEN IN GOOD FAITH No suit or other proceedings shall lie against the Government or the Competent Authority or an officer or employee of the Government for anything which is in good faith done or intended to be done under this Act SECTION 16: POWER TO MAKE RULES (1) The State Government may, by notification in the Official Gazette, make rules to carry out the purposes of this Act. (2) Every rule made under this Act shall be laid, as soon as may be, after it is made, before each House of the State legislature, while it is in session for a total period of thirty days, which may be comprised in one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the session immediately following, both Houses agree in making any.....

The Tripura Protection of Interests of Depositors (in Financial Establishments) Act, 2000 Complete Act

State: Tripura

Year: 2000

.....OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS) ACT, 2000 THE TRIPURA PROTECTION OF INTERESTS OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS ) ACT, 2000 An Act to protect the interests of depositors of the Financial Establishments and for matters connected therewith and incidental thereto. Be it enacted by the Tripura Legislative Assembly in the Fifty-First year of the republic of India as follows: CHAPTER I PRELIMINARY Short title, extent & commencement. 1. (I) This act may be called the Tripura Protection of Interests of Depositors (In Financial Establishments) Act, 2000 (2) It extends to the whole of Tripura. (3) It shall come into force at once. Definition. 2. In this Act, unless the context otherwise requires,- (a) "Competent Authority" means the Competent Authority appointed under section 5; (b) "Designated Court" means a Designated Court constituted under section 6 ; (c) "deposit" includes and shall be deemed always to have included any receipt of money of acceptance of any valuable commodity by any Financial Establishment to be returned after a specified period or otherwise, either in case or in kind in the form of a specified service with or without any.....

The Tripura Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2011 Complete Act

State: Tripura

Year: 2011

.....of the competent authority., may file appeal to the State Government within a month from date of the order. Such appeal shall be heard by an officer not below the rank of a Secretary as the State Government may authorize provided that no appeal will be admitted without deposition of the amount of penalty ordered by the competent authority or reduced amount if any by the appellate authority. 4. Substitution of Section 14. For Section 14 of the Principal Act, the following Section shall be substituted, namely:- "14. Notwithstanding anything to the contrary contained in any other Act, except the Act or Acts enacted by Parliament and the rules framed thereunder, the provisions of this Act shall apply." Tripura State Acts

Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 Preamble 1

Title: Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004

State: Karnataka

Year: 2004

THE KARNATAKA PROTECTION OE INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004 [ACT No. 30 OF 2005) (First published in the Karnataka Gazette, Extraordinary on the Twenty-second day of December, 2005) (Received the assent of the President of India on the Fourteenth day of December, 2005) An Act to provide for protection of interest of depositors in financial establishments and matters relating thereto. Whereas, it is expedient to provide for protection of interest of the depositors in financial establishments and the matters relating thereto and for the purpose hereinafter appearing. Be it enacted by the Karnataka State Legislature in the Fifty-fourth year of the Republic of India, as follows.--

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Preamble 1

Title: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

State: Central

Year: 2002

THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 [Act, No. 54 of 2002] [17th December, 2002] PREAMBLE An Act to regulate securitisation and reconstruction of financial assets and enforcement of security interest and for matters connected therewith or incidental thereto. be it enacted by Parliament in the Fifty-third Year of the Republic of India as follows:--

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Section 2

Title: Definitions

State: Central

Year: 2002

.....of the State Bank of India (Subsidiary Banks) Act, 1959. (2) Words and expressions used and not defined in this Act but defined in the India Contract Act, 1872 or the Transfer of Property Act, 1882 or the Companies Act, 1956 or the Securities and Exchange Board of India Act, 1992 shall have the same meanings respectively assigned to them in those Acts. _________________________ 1. Inserted vide The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 2. The words "in accordance with the directions or guidelines issued by the Reserve Bank;" Omittted by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 3. Substituted for " doubtful or loss asset in accordance with the directions or under guidelines relating to assets classifications issued by the Reserve Bank" by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 4. Substituted for "trustee or any asset management company making investment on behalf of mutual fund or provident fund or gratuity fund or pension fund " by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 5......

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter I

Title: Preliminary

State: Central

Year: 2002

.....of the State Bank of India (Subsidiary Banks) Act, 1959. (2) Words and expressions used and not defined in this Act but defined in the India Contract Act, 1872 or the Transfer of Property Act, 1882 or the Companies Act, 1956 or the Securities and Exchange Board of India Act, 1992 shall have the same meanings respectively assigned to them in those Acts. _________________________ 1. Inserted vide The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 2. The words "in accordance with the directions or guidelines issued by the Reserve Bank;" Omittted by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 3. Substituted for " doubtful or loss asset in accordance with the directions or under guidelines relating to assets classifications issued by the Reserve Bank" by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 4. Substituted for "trustee or any asset management company making investment on behalf of mutual fund or provident fund or gratuity fund or pension fund " by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004. 5......

The Himachal Pradesh [Protection of Interests of Depositors (in Financial Establishments)] Act, 1999 Complete Act

State: Himachal

Year: 1999

.....officer" means an officer empowered, by the Government, by notification in the Official Gazette, to exercise the powers of the Government under section 3 of this Act. Section 3 - Attachment of properties on default of returns of deposits Notwithstanding anything contained in any other law for the time being in force,- (i) where, upon the complaints received from a depositor(s) that any Financial Establishment defaults in the return of deposits after maturity, (ii) where the Government or authorised officer has reason to believe that any Financial Establishment is acting in a calculated manner with an intention to defraud the depositors, and if the Government or the authorised officer is satisfied that such Financial Establishment is not likely to return the deposits, the Government or the authorised officer may, in order to protect the interests of the depositors of such Financial Establishment pass an ad-interim order attaching the money or other property alleged to have been procured either in the name of the Financial Establishment, or in the name of any other person from and out of the deposits collected by the Financial Establishment, or if it transpires that.....

Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act 1997 Complete Act

State: Tamil Nadu

Year: 1997

.....INTERESTS OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS) ACT 1997 TAMIL NADU PROTECTION OF INTERESTS OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS) ACT 1997 Act No. 44 of 1997 An Act to protect the deposits made by the Public in the Financial Establishments and matters relating thereto. BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Forty-eighth Year of the Republic of India as follows:- CHAPTER I. 1. (1) Short title and commencement " This Act may be called the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. (2) It shall come into force at once. 2. Definitions " In this Act, unless the context otherwise requires:- (1) 'Competent authority' means the authority appointed under section 4; (2) 'deposit' means the deposit of a sum of money made with a Financial Establishment for a fixed period, for interest or return in any kind; (3) 'Financial Establishment' means an individual, an association of individuals or a firm carrying on the business of receiving deposits under any scheme or arrangement or in any other manner but does not include a company registered under the Companies Act,.....