Bare Act Search Results

Reserve Bank of India Act, 1934 (2 of 1934) Chapter 3

Title: Central Banking Functions

State: Central

Year: 1934

.....Government with reference to any place, the Bank may, having regard to public interest, convenience of banking, banking development and such other factors which in its opinion are relevant in this regard, appoint the National Bank, or the State Bank, or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), as its agent at all places, or at any place in India for such purposes as the Bank may specify. (2) When any bank is appointed by the Bank as its agent under sub-section (1) to receive on behalf of the Bank any payment required to be made into the Bank, or any bill, hundies or other securities required to be delivered into the Bank, under any law or rule, regulations or other instructions having the force of law, the same may be paid or delivered into the bank so appointed as the agent of the Bank.] _______________________ 1......

Reserve Bank of India Act, 1934 (2 of 1934) Section 42

Title: Cash Reserves of Scheduled Banks to Be Kept with the Bank

State: Central

Year: 1934

.....The Bank may, for the purposes of this section, specify from time to time with reference to any transaction or class of transactions that such transaction or transactions shall be regarded as liability in India of a scheduled bank, and if any question arises as to whether any transaction or class of transactions shall be regarded, for the purposes of this section, as liability in India of a scheduled bank, the decision of the Bank thereon shall be final.] 21 [(2) Every scheduled bank shall send to the Bank a return signed by two responsible officers of such bank showing- (a) the amount of its demand and time liabilities and the amount of its borrowings from banks in India, 22 [classifying them into demand and time liabilities], 23 [***] (b) the total amount of legal tender notes and coins held by it in India, (c) the balance held by it at the Bank in India, (d) the balances held by it at other banks in current account and the money at call and short notice in India, (e) the investments (at book value) in Central and State Government securities including treasury bills and treasury deposit receipts, (f) the amount of advances in India, (g) the inland bills.....

The Meghalaya Vanaspati Dealers Licensing Order, 1974 Complete Act

State: Meghalaya

Year: 1974

.....sale of Vanaspati in quantities exceeding 40 Kilograms at any one time, but does not include an Industrial undertaking which is engaged in the manufacture of production of Vanaspati and which is registered or licenses under the Industries [Development and Regulation] Act, 1951. Explanation "" For the purpose of this Clause, any Person who stores Vanaspati in any quantity exceeding 40 Kilograms at any time shall, unless the contrary is proved, be deemed to store the Vanaspati for purpose of sale; (b) "Form" means a Form set forth in the Schedule to this Order; (c) " Licensing Authority" means the Director of Supply, the Deputy Commissioner and the Sub " Divisional Officer in their respective jurisdiction or an Officer appointed by the State Government to exercise the Powers and perform the duties of the Licensing Authority under this Order; (d) "State Govt." means the Govt. of the State of Meghalaya. (e) "Vanaspati" means the article commonly known as Vegetable Oil Products. 03. Licensing of Wholesale Dealers:- (1) No Person shall carry on business as a Dealer of Vanaspati within the State of Meghalaya except under and in accordance with the terms and conditions of.....

Banking Regulation Act, 1949 Complete Act

State: Central

Year: 1949

.....in recent years in banking, especially the rapid growth of banking resources and of the number of banks and branches. Regard must also be had to the fact that the banking system is likely in the post-war period to be more vulnerable by reason of the great expansion, both quantitatively and relatively that has taken place in demand deposits, as compared with time deposits, during the war years. The enactment of a separate comprehensive measure has in consequence now become imperative. 2. With this object in view. a Bill to amend the law relating to Banking Companies was introduced in the Legislative Assembly in November. 1944 and was subsequently circulated for eliciting public opinion through the Provincial Governments, In the ensuing Budget Session of the Assembly the Bill was referred to a Select Committee which was due to meet in October, 1945. but it lapsed before its consideration by the Committee. A fresh Bill with certain modifications which suggested themselves on consideration of the opinions and criticisms received on the 1944 Bill was introduced in the Legislative Assembly in March 1946 and was referred to a Select Committee in April 1946. The report of the Select.....

The Meghalaya Pulses, Edible Oilseeds & Edible Oils [Licensing & Control] Order, 1979 Complete Act

State: Meghalaya

Year: 1979

.....Divisional officer, (Supply); (e) "Producer" means a Person carrying on the business of Milling any of the Pulses or expelling, extracting or manufacturing any Edible Oils; (i) By buying Pulses or Edible Oil Seeds for being processed by himself and selling the finished Products to a Wholesaler or through a Commissioner Agent; (ii) By doing any of the processes of Milling, expelling, extracting or manufacturing on behalf of another; (f) "Pulses" means Urd, Moong, Arhar, Massor, Lobia, Raj " Maha, or any other Dal whether whole or split with or without husk; (g) "Edible Oils" means Oil used for Cooking for human consumption and includes hydrogenated Oils; (h) "Retailer" means a Dealer in Pulses or in Edible Oilseeds in Edible Oils who is not a Wholesaler; (i) "Wholesaler" means a Dealer in Pulses or in Edible Oilseeds or in Edible Oils who sells these Commodities to other Dealers or to bulk Consumers; (j) "Commission Agent" means a Commission Agent having in the customary course of business or such Agent Authorised either to sell goods or to consign goods for the purpose of sale or to buy goods; (k) "Bulk Consumer" means a Hotel, Restaurant, Hostel, Hospital or.....

Income Tax Act, 1961 Section 269P

Title: Statement to Be Furnished in Respect of Transfers of Immovable Property

State: Central

Year: 1961

.....to be transferred and document purporting to transfer such immovable property shall, respectively, be substituted. (2) The registering officer shall, at the end of every fortnight, forward to the competent authority, (a) one set of the statements received by him under sub-section (1) during the fortnight ; and (b) a return in the prescribed form2 and verified in the prescribed manner2 and setting forth such particulars as may be prescribed2 in respect of documents of the nature referred to in sub-section (1) which have been registered by him during the fortnight. ___________________________ 1. See rule 48G and Form No. 37G. 2. See rule 48H and Form No. 37H.

Banking Regulation Act, 1949 Part 2

Title: Business of Banking Companies

State: Central

Year: 1949

.....kind of guarantee and indemnity business; (f) managing, selling andrealising any property which may come into the possession of the company insatisfaction or part satisfaction of any of its claims; (g) acquiring and holding andgenerally dealing with any property or any right, title or interest in any suchproperty which may form the security or part of the security for any loans or advancesor which may be connected with any such security; (h) undertaking and executingtrusts; (i) undertaking theadministration of estates as executor, trustee or otherwise; (j) establishing and supportingor aiding in the establishment and support of associations, institutions,funds, trusts and conveniences calculated to benefit employees or ex-employeesof the company or the dependents or connections of such persons; grantingpensions and allowances and making payments towards insurance; subscribing toor guaranteeing moneys for charitable or benevolent objects or for anyexhibition or for any public, general or useful object; (k) the acquisition,construction, maintenance and alteration of any building or works necessary orconvenient for the purposes of the company; (l) selling,.....

Banking Regulation Act, 1949 Part 5

Title: Application of the Act to Co-operative Banks

State: Central

Year: 1949

.....LESS DEPRECIATION _____________ 12. OTHER ASSETS (to be specified) 13. NON-BANKING ASSETS ACQUIRED IN SATISFACTION OF CLAIMS (standing mode of valuation) _____________ 14. PROFIT AND LOSS 6. BILL FOR COLLECTION BEING BILLS RECEIVABLE As per contra ____________ 7. BRANCH ADJUSTMENTS ____________ 8. OVERDUE INTEREST RESERVE ____________ 9. INTEREST PAYABLE ____________ 10. OTHER LIABILITIES (i) Bills payable (ii) Unclaimed dividends (iii) Suspense (iv) Sundries 11. PROFIT AND LOSS Profit as per last balance-sheet Less appropriations Add profit for the year brought from the Profit and Loss Account ____________ Total ____________ ___________ Total ___________ CONTINGENT LIABILITIES (i) Outstanding liabilities for guarantees issued (ii) Others ___________ Total ___________ ____________ Total ____________ Rs. P. Rs. P. Rs. P. Rs. P. 1......

Banking Regulation Act, 1949 Section 56

Title: Act to Apply to Co-operative Societies Subject to Modifications

State: Central

Year: 1949

.....LESS DEPRECIATION _____________ 12. OTHER ASSETS (to be specified) 13. NON-BANKING ASSETS ACQUIRED IN SATISFACTION OF CLAIMS (standing mode of valuation) _____________ 14. PROFIT AND LOSS 6. BILL FOR COLLECTION BEING BILLS RECEIVABLE As per contra ____________ 7. BRANCH ADJUSTMENTS ____________ 8. OVERDUE INTEREST RESERVE ____________ 9. INTEREST PAYABLE ____________ 10. OTHER LIABILITIES (i) Bills payable (ii) Unclaimed dividends (iii) Suspense (iv) Sundries 11. PROFIT AND LOSS Profit as per last balance-sheet Less appropriations Add profit for the year brought from the Profit and Loss Account ____________ Total ____________ ___________ Total ___________ CONTINGENT LIABILITIES (i) Outstanding liabilities for guarantees issued (ii) Others ___________ Total ___________ ____________ Total ____________ Rs. P. Rs. P. Rs. P. Rs. P. 1......

Banking Laws (Amendment) Act, 2012 Complete Act

State: Central

Year: 2012

.....(1) the auditor shall state in his report" ( a) whether or not the information and explanation required by him have been found to be satisfactory; ( b) whether or not the transactions of the co-operative bank which came to his notice have been within the powers of the co-operative bank; ( c) whether or not the returns received from branch offices of the co-operative bank have been found adequate for the purpose of his audit; ( d) whether the profit and loss accounts, shows a true balance or profit or loss for the period covered by such account; ( e) any other matter which he considers should be brought to the notice of the Reserve Bank and the shareholders of the co-operative bank.'' ˜. CHAPTER III AMENDMENT TO THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 15. Amendment of Section 3." In Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970)" (a) for sub-section (2-A), the following sub-section shall be substituted, namely" "( 2-A) Subject to the provisions of this Act, the authorised capital of every corresponding new bank shall be three thousand crores of rupees divided into.....