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Start Free TrialGovernment Savings Banks Act, 1873 Amending Act 1
Title: Government Savings Banks (Amendment) Act, 1959
State: Central
Year: 1873
.....the following definition shall be inserted, namely:-- ' "prescribed" means prescribed by rules made under this Act.'. 3.Substitution of new sections for section 4.- For section 4 of the principal Act, the following sections shall be substituted, namely : -- "4.Nomination by depositor.- (1) Notwithstanding anything contained in any law for the time being in force, or in any disposition, whether testamentary or otherwise, by a depositor in respect of his deposit, where any nomination made in the prescribed manner supports to confer on any person the right to receive the deposit on the death of the depositor, the nominee shall, on the death of the depositor become entitled, to the exclusion of all other persons, to be paid the deposit, unless the nomination is varied or cancelled in the prescribed manner. (2) Any nomination referred to in sub-section (1) shall become void in the nominee predeceases, or where there are two or more nominees, all the nominees predecease, the depositor. (3) Where the nominee is a minor it shall be lawful for the depositor to appoint in the prescribed manner any person to receive the deposit in the event of his death during the.....
View Complete Act List Judgments citing this sectionGovernment Savings Certificates Act, 1959 Section 6
Title: Nomination by Holders of Savings Certificates
State: Central
Year: 1959
.....become entitled to the savings certificate and to be paid the sum due thereon to the exclusion of all other persons, unless the nomination is varied or cancelled in the prescribed manner. (2) Any nomination referred to in sub-section (1) shall become void if the nominee predeceases, or where there are two or more nominees all the nominees predecease, the holder of the savings certificate making the nomination. (3) Where the nominee is a minor, it shall be lawful for the holder of the savings certificate making the nomination to appoint in the prescribed manner any person to receive the sum due thereon in the event of his death during the minority of the nominee. (4) A transfer of a savings certificate made in the prescribed manner shall automatically cancel a nomination previously made: Provided that where a savings certificate is held by or on behalf of any person as a pledge or by way of security for any purpose, such holding shall not have the effect of cancelling a nomination but the right of the nominee shall be subject to the right of the person so holding it.
View Complete Act List Judgments citing this sectionGovernment Savings Banks Act, 1873 Amending Act 2
Title: Government Savings Laws (Amendment) Act, 1985
State: Central
Year: 1873
.....of the Republic of India as follows:- 1.Short title.- This Act may be called the Government Savings Laws (Amendment) Act, 1985. 2.Amendment of Act 5 of 1873.- In the Government Savings Banks Act, 1873,- (a) in sub-section (4) of section 4A,- (i) in clause (a), for the words, "five thousand rupees", the words "such limit as may be prescribed" shall be substituted; (ii) in clause (b), for the words "aforesaid limit of five thousand rupees", the words, brackets and letter "limit prescribed under clause (a)" shall be substituted; (b) in sub-section (2) of section 15, after clause (h) , the following clause shall be inserted, namely:- "(i) the limit under clause (a) of sub-section (4) of section 4A.". 3.Amendment of Act 46 of 1959.- In the Government Savings Certificates Act, 1959,- (a) in sub-section (4) of section 7, for the words "five thousand rupees", the words "such limit as may be prescribed" shall be substituted; (b) in sub-section (2) of section 12, after clause (I), the following clause shall be inserted, namely:- "(ia) the limit under sub-section (4) of section 7;".
View Complete Act List Judgments citing this sectionGovernment Savings Banks Act, 1873 Complete Act
Title: Government Savings Banks Act, 1873
State: Central
Year: 1873
Preamble1 - GOVERNMENT SAVINGS BANKS ACT, 1873 Section1 - Short title Section2 - Act not to apply to deposits in Anchal Savings Bank Section3 - Interpretation-clause Section4 - Nomination by depositor Section4A - Payment on death of depositor Section5 - Payment to be a discharge Section6 - Security for due administration Section7 - Power to administer oath Section8 - Deposit when excluded in computing court fees Section9 - [Omitted] Section10 - Payment of deposits to minor or guardian Section11 - [Omitted] Section12 - Payment of deposits belonging to lunatics Section13 - Payment of married womens deposits Section14 to 15 - MISCELLANEOUS Section14 - Protection of action taken in good faith Section15 - Power to make rules Amending Act1 - GOVERNMENT SAVINGS BANKS (AMENDMENT) ACT, 1959 Amending Act2 - GOVERNMENT SAVINGS LAWS (AMENDMENT) ACT, 1985
List Judgments citing this sectionGovernment Savings Certificates Act, 1959 Complete Act
Title: Government Savings Certificates Act, 1959
State: Central
Year: 1959
Preamble1 - GOVERNMENT SAVINGS CERTIFICATES ACT, 1959 Section1 - Short title, commencement and application Section2 - Definitions Section3 - Restrictions on transfer of savings certificates Section4 - Holdings by or on behalf of minors Section5 - Payment where certificate is held by or on behalf of a minor Section6 - Nomination by holders of savings certificates Section7 - Payment on death of holder Section8 - Payment to be a full discharge Section9 - Security for due administration Section10 - Power to administer oath Section11 - Protection of action taken in good faith Section12 - Power to make rules Section13 - Repeal and savings
List Judgments citing this sectionGovernment Savings Banks Act, 1873 Preamble 1
Title: Government Savings Banks Act, 1873
State: Central
Year: 1873
GOVERNMENT SAVINGS BANKS ACT, 1873 [Act, No. 5 of 1873] [AS ON 1957] [28th January, 1873] PREAMBLE An Act to amend the law relating to Government Savings Banks. WHEREAS it is expedient to amend the law relating to the payment of deposits in Government Savings Banks; It is hereby enacted as follows:
View Complete Act List Judgments citing this sectionGovernment Savings Certificates Act, 1959 Preamble 1
Title: Government Savings Certificates Act, 1959
State: Central
Year: 1959
GOVERNMENT SAVINGS CERTIFICATES ACT, 1959 [Act, No. 46 of 1959] [18th September, 1959] PREAMBLE An Act to make certain provisions in respect of Government Savings Certificates. BE it enacted by Parliament in the Tenth Year of the Republic of India as follows: -
View Complete Act List Judgments citing this sectionGovernment Savings Banks Act, 1873 Section 2
Title: Act Not to Apply to Deposits in Anchal Savings Bank
State: Central
Year: 1873
This Act shall not apply to any deposits made in the Anchal Savings Bank of the State of Travancore-Cochin, and, notwithstanding anything contained in this Act, any law in force in the State An immediately before the commencement of the Part B States (laws),.Act, 1951, (3 of 1951) relating to such deposits, shall continue to apply thereto as if that law had not been repealed.]
View Complete Act List Judgments citing this sectionGovernment Savings Certificates Act, 1959 Section 3
Title: Restrictions on Transfer of Savings Certificates
State: Central
Year: 1959
Notwithstanding anything contained in any law for the time being in force, no transfer, of a savings certificate, whether made before or after the commencement of this Act, shall be valid unless it has beep made with the previous consent in writing of prescribed authority.
View Complete Act List Judgments citing this sectionGovernment Savings Certificates Act, 1959 Section 13
Title: Repeal and Savings
State: Central
Year: 1959
(1) The Post Office National Savings Certificates Ordinance, 1944, is hereby repealed. (2) Notwithstanding the repeal of the said Ordinance, any rules made or deemed to have been made or anything done or any action taken in exercise of any of the powers conferred by or under the said Ordinance shall be deemed to have been made, done or taken in exercise of the powers conferred by or under this Act, as if this Act were in force on the day on which such rules were made such thing was, done or such action was taken.
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