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State Bank of India Act, 1955 Section 21

Title: Local Boards

State: Central

Year: 1955

.....the Reserve Bank shall, in consultation with the Chairman, appoint-- (a) a member of a Local Board nominated under Cl. (c) of sub-section (1) to be the President thereof; and (b) a member of a Local Board holding office under Cl. (b) or nominated under Cl. (c) of that sub-section to be the Vice-President thereof.] ___________________ 1. Substituted by Act 35 of 1964, Section 5 (w.e.f. 1st December, 1964). 2. Substituted by Act 3 of 1994, Section 10 (w.e.f. 15th October, 1993). 3. Omitted by Act 3 of 1994, Section 10 (w.e.f. 15th October, 1993). 4. Substituted by Act 48 of 1973, Section 5, for the words "the Secretary and Treasurer" (w.e.f. 29th September, 1974). 5. Substituted by Act 3 of 1994, Section 10 (w.e.f. 15th October, 1993). 6. Omitted by (w.e.f. 15th October, 1993). 7. Substituted by Act 3 of 1994, Section 10 for subsection (5) (w.e.f. 15th October, 1993).

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The Orissa District Boards & Local Boards (Control & Management) Act, 1954 Complete Act

State: Orissa

Year: 1954

.....made or where the terms of office of such members have expired by efflux of time, the State Government shall, as soon as may be appoint a Special Officer for a period not exceeding [Substituted by the Orissa District Boards and Local Boards (Control and Management) (Amendment) Act, 1959 (Orissa Act 26 of 59).] [Six and half years] to exercise the powers, discharge the duties and perform the functions of the District Board or the Local Board as the case may be and its Chairman and the Vice-Chairman or the President and the Vice-President and the Executive Officer, if any. Section 3 - Section 3 The Orissa District Boards and Local Boards (Control and Repeal Management) Ordinance, 1953 or Ordinance No. III of 1953 is hereby repealed. Orissa State Acts

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State Bank of India Act, 1955 Section 22

Title: Disqualifications for Directorship of Central Board or Membership of Local Boards or Committees

State: Central

Year: 1955

.....the Chief Executive Officer, by whatever name called, of a Banking company; (c) "private company" has the same meaning as in the Companies Act, 1956 (1 of 1956)]. ___________________ 1.Substituted by Act 26 of 1959, Section 2 for the words, "or managing director" (w.e.f. 28th August, 1959). 2.Substituted by Act 48 of 1973, Section 7, for the words "secretary and treasurer"(w.e.f. 26th June, 1974). 3.Inserted by Act 48 of 1973, Section 7, for the words "secretary and treasurer" (w.e.f. 26th June, 1974). 4. Omitted by Act 3 of 1994,Section 13 (w.e.f. 15th October, 1993). 5.Substituted by Act 3 of 1994,Section 13, (w.e.f. 15th October, 1993). 6.Inserted by Act 26 of 1959, Section 2 (w.e.f. 15th October, 1993). 7.Substituted by Act 3 of 1994, Section 13 (w.e.f. 28th August, 1993).

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State Bank of India Act, 1955 Section 21-A

Title: Term of Office of Members of Local Board

State: Central

Year: 1955

1[21A. Term of office of members of Local Board 2[(1) [(1) Subject to the provisions contained in this section and in sub-section (2) of section 21, a member of a Local Board-- (a) nominated under clause (c) of sub-section (1) of section 21 shall hold office for such term, not exceeding three years, as the Central Government may specify in this behalf and (hereafter until his successor has been duty nominated; (b) elected under clause (d) of sub-section (1) of section 21 shall hold office for three years and5[***], and shall be eligible for re-nomination or re-election, as the case may be: Provided that no such director shall hold office continuously for a period exceeding six years.] 3[* * * * * *] (3) A director of the Central Board becoming a member of a Local Board by virtue of the provisions of Cl. (b) of sub-section (1) of Section 21 shall cease to hold office as such member on his ceasing to be a director or on his ceasing to be ordinarily resident in the relevant area. (4) The President and the Vice-President of a Local Board shall each hold office for two years or the remaining period of his office as a member of the Local Board, whichever is shorter,.....

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State Bank of India Act, 1955 Section 31-A

Title: Meetings of Local Boards

State: Central

Year: 1955

.....reason neither the President nor the Vice-President is able to be present at a meeting of the Local Board, any member,2[other than the Chief General Manager] elected by the members present from amongst themselves shall preside at the meeting. (5) Notwithstanding anything contained in this section, the Chairman shall preside at any meetings of a Local Board at which he is present and in the absence of the Chairman, the Vice-Chairman, if he is a member of the Local Board, shall, whenever he is present, preside at such meetings.] ___________________ 1. Inserted by Act 35 of 1964, Section 10 (w.e.f. 1st December, 1964). 2. Substituted by Act 48 of 1973, Section 11, for the words, "other than the secretary and treasurer" (w.e.f. 29th June, 1974).

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State Bank of India Act, 1955 Section 21-B

Title: Powers of Local Board

State: Central

Year: 1955

.....and the acquiring, holding, issuing on commission, under-writing and dealing in stock, funds, shares, debentures, debenture stock, bonds, obligations, securities and investments, only if the Central Board approves any of such businesses in this behalf and confers or assigns any of such business to the Local Board.]] ___________________ 1. Inserted by Act 35 of 1964, Section 6 (w.e.f. 1st December, 1964). 2. Substituted by Act 3 of 1994, Section 12 (w.e.f. 15th October, 1993). 3. Substituted by Act 48 of 1973, Section 6, for the words "in relation to any business that may be carried on or transacted by the State Bank under sub-section (1) of Section 32 and Clause. (i) excluding the proviso), (ii), (iii), (v) to (ix), (xa), (xii) to (xv), (xvii), (xviii), (xix-b) and (xix-c) of Section 38 and shall"; (w.e.f 1st March, 1973). 4. Added by Act 48 of 1973, Section 6 (w.e.f. 1st March, 1973).

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Reserve Bank of India Act, 1934 (2 of 1934) Section 9

Title: Local Boards, their Constitution and Functions

State: Central

Year: 1934

1[9. Local Boards, their constitution and functions (1) A Local Board shall be constituted for each of the four areas specified in the First Schedule and shall consist of five members to be appointed by the Central Government to represent, as far as possible, territorial and economic interests and the interests of cooperative and indigenous banks. (2) The members of the Local Board shall elect from amongst themselves one person to be the chairman of the Board. 2[(3) Every member of a Local Board shall hold office for a term of four years and thereafter until his successor shall have been appointed and shall be eligible for re-appointment.] (4) A Local Board shall advise the Central Board on such matters as may be generally or specifically referred to it and shall perform such duties as the Central Board may delegate to it.] ______________________ 1. Substituted by Act 62 of 1948, section 7 and Schedule, for section 9 (w.e.f. 1-1-1949). 2. Substituted by Act 51 of 1974, section 5, for sub-section (3) (w.e.f. 13-12-1974).

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State Bank of India Act, 1955 Section 46

Title: Indemnity of Directors and Members of Local Boards and Local Committees, Etc.

State: Central

Year: 1955

(1) Every director and every member of a Local Board or a Local Committee shall be indemnified by the State Bank against all losses and expenses incurred by him in or in relation to the discharge of his duties except such as are caused by his own wilful act or default. (2) Neither a director nor a member of a Local Board or a Local Committee shall be responsible for any loss or expense caused to the State Bank by the insufficiency or deficiency of the value of or title to any property or security acquired or taken on behalf of the State Bank or by the insolvency or wrongful act of any customer or debtor or by anything done in or in relation to the execution of the duties of his office or otherwise than for his wilful act or default.

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Reserve Bank of India Act, 1934 (2 of 1934) Section 10

Title: Disqualifications of Directors and Members of Local Boards

State: Central

Year: 1934

.....of the same private company, or one of whom is the general agent of or holds a power of procuration from the other, or from a mercantile firm of which the other is a partner, may be Directors or members of the same Local Board at the same time. (3) Nothing in clause (a), clause (d) or clause (e) of sub-section (1) shall apply to the Governor, or to a Deputy Governor or to the Director nominated under clause (d) of sub-section (1) of section 8. ______________________ 1. The words "or a salaried official of a State in India" omitted by the A.O. 1950. 2. The words "or Burma" Inserted by the India and Burma (Burma Monetary Arrangements) Order, 1937 and omitted by Act 11 of 1947, section 8 (w.e.f. 1-4-1947). 3. Substituted by Act 23 of 1965, section 3, for clause (e) (w.e.f. 1-3-1966). 4. Substituted by Act 51 of 1974, section 3, for "Banking Companies Act, 1949" (w.e.f. 13-12-1974).

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Bombay Primary Education Act, 1947, (Maharashtra) Section 4

Title: Constitution of School Boards

State: Maharashtra

Year: 1947

.....that the members so nominated shall cease to hold office with effect from such date as may be specified in such notification, notwithstanding the fact that the term of office of such members for which they had been nominated has not expired.] (9) Except as otherwise provided in this Act, the term of office of the members of a school board shall cease on the expiry of the term of the electing district local board or authorised municipality; Provided that the term of office of such members shall not be deemed to expire by reason only of the fact that the district local board or authorized municipality, as the case may be, is dissolved or superseded. (10) (a) If the term of office of the members of a school board expires during the supersession of the electing district local board or authorised municipality a new school board shall be constituted as provided in sub-sections (1) to (7) until the district local board or authorized municipality, as the case may be, is re-established, provided that the member of such school board shall be nominated by the9 [State] Government. (b) The term of office of the members of the school board so nominated shall be for such period not.....

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