Title : Amendment of Section 18
State : Central
Year : 2006
In section 18 of the principal Act,- (i) for sub-sections (3), (4) and (5), the following sub-sections shall be substituted, namely:- "(3) The Council shall keep proper accounts of the fund distinguishing capital from revenue in the manner prescribed. (4) The Council shall prepare in the manner prescribed and approve, prior to the start of the financial year, an annual financial statement (the budget) indicating all its anticipated revenues as well as all proposed expenditures for the forthcoming year. (5) The annual accounts of the Council shall be prepared in such manner as may be prescribed and be subject to audit by a chartered accountant in practice to be appointed annually by the Council: Provided that no member of the Council or a person who has been a member of the..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 19
State : Central
Year : 2006
In section 19 of the principal Act,- (i) in sub-section (3), the words "on payment of such amount as may be prescribed" shall be inserted at the end; (ii) for sub-section (4), the following sub-section shall be substituted, namely:- "(4) Every member of the Institute shall, on his name being entered in the Register, pay such annual membership fee as may be determined, by notification, by the Council, which shall not exceed rupees five thousand: Provided that the Council may with the prior approval of the Central Government, determine the fee exceeding rupees five thousand, which shall not in any case exceed rupees ten thousand.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 20
State : Central
Year : 2006
In section 20 of the principal Act, after sub-section (2), the following sub-section shall be inserted, namely:- "(3) If the name of any member has been removed from the Register under clause (c) of sub-section (1), on receipt of an application, his name may be entered again in the Register on payment of the arrears of annual fee and entrance fee along with such additional fee, as may be determined, by notification, by the Council which shall not exceed rupees two thousand: Provided that the Council may with the prior approval of the Central Government, determine the fee exceeding rupees two thousand, which shall not in any case exceed rupees four thousand.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 24a
State : Central
Year : 2006
In section 24A of the principal Act, sub-section (3) shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 26
State : Central
Year : 2006
In section 26 of the principal Act, for sub-section (2), the following sub-section shall be substituted, namely:- "(2) Any person who contravenes the provisions of sub-section (1) shall, without prejudice to any other proceedings, which may be taken against him, be punishable on first conviction with a fine not less than five thousand rupees but which may extend to one lakh rupees, and in the event of a second or subsequent conviction with imprisonment for a term which may extend to one year or with fine not less ten thousand rupees but which may extend to two lakh rupees or with both.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 30
State : Central
Year : 2006
In section 30 of the principal Act,- (a) in sub-section (1), the words " and a copy of such regulations shall be sent to each member of the Institute" shall be omitted. (b) in sub-section (2),- (i) in clause (g), the words "the Council and" shall be omitted; (ii) in clause (j), for the word "clerks" occuring at both the places, the word "assistants" shall be substituted; (iii) in clause (r), the word " and" shall be inserted at the end; (iv) clause (s), shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10a
State : Central
Year : 2006
In section 10A of the Bank Nationalisation Act,-- (a) in sub-section (2), for the words "shall be entitled to discuss", the words "shall be entitled to discuss, approve and adopt" shall be substituted; (b) after sub-section (2), the following sub-section shall be inserted, namely:-- "(3) Nothing contained in this section shall apply during the period for which the Board of Directors of a corresponding new bank had been superseded under sub-section (1) of section 18A: Provided that the Administrator may, if he considers it appropriate in the interest of the corresponding new bank whose Board of Directors had been superseded, call annual general meeting in accordance with the provisions of this section.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10a
State : Central
Year : 2006
In section 10A of the Bank (Second) Nationalisation Act,-- (a) in sub-section (2), for the words "shall be entitled to discuss", the words "shall be entitled to discuss, approve and adopt" shall be substituted; (b) after sub-section (2), the following sub-section shall be inserted, namely:-- "(3) Nothing contained in this section shall apply during the period for which the Board of Directors of a corresponding new bank had been superseded under sub-section (1) of section 18A: Provided that the Administrator may, if he considers it appropriate in the interest of the corresponding new bank whose Board of Directors had been superseded, call annual general meeting in accordance with the provisions of this section.". View Complete Act List Judgments citing this sectionTitle : Amendment of Section 21a
State : Central
Year : 2006
In section 21A of the State Bank Act, in sub-section (1), the words "and thereafter until his successor has been duly nominated" shall be omitted. View Complete Act List Judgments citing this sectionTitle : Amendment of Section 4
State : Central
Year : 2006
In section 4 of the principal Act, for sub-section (3), the following sub-section shall be substituted, namely: -- "(3) Every person belonging to any of the classes mentioned in clauses (ii), (iii), (iv) and (v) of sub-section (1) shall have his name entered in the Register on application being made and granted in the prescribed manner and on payment of such fees, as may be determined, by notification, by the Council, which shall not exceed rupees three thousand: Provided that the Council may with the prior approval of the Central Government, determine the fee exceeding rupees three thousand, which shall not in any case exceed rupees six thousand.". View Complete Act List Judgments citing this section