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Start Free TrialNational Bank for Agriculture and Rural Development Act, 1981 Chapter VI
Title: Credit Functions of the National Bank
State: Central
Year: 1981
.....(Amendment) Act, 2003. 2.Words "to any State Co-operative bank" substituted by National Bankfor Agriculture and Rural Development (Amendment) Act, 2003. Section 22 - Conversion loan for production credit 1[22. Conversion loan for production credit. -- Where the National Bank is satisfied that owing to drought, famine or other natural calamities, military operations or enemy action, any State co-operative bank, central co-operative bank, regional rural bank or any such financial institution or any financial institution falling under any such class of financial institutions, as may be approved by the Reserve Bank in this behalf, requires assistance under this section, it may provide to such bank or institution such financial assistance as it may deem fit by way of making loans and advances repayable on the expiry of fixed periods not exceeding seven years and on such terms and conditions as may be specified in this behalf by the National Bank: Provided that loans and advances may be made under this section only for the purpose of enabling the borrowing bank or institution,-- (a) to pay any dues to the National Bank for credit extended for financing agricultural.....
View Complete Act List Judgments citing this sectionNational Housing Bank Act, 1987 Chapter III
Title: Business of the National Housing Bank
State: Central
Year: 1987
.....of its overall functions; (n) exercising all powers and functions in the performance of duties entrusted to the National Housing Bank under this Act or under any other law for the time being in force; (o) acting as agent of the Central Government, the State Government or the Reserve Bank or of any authority as may be authorised by the Reserve Bank; (p) any other kind of business which the Central Government may on the recommendation of the Reserve Bank, authorise; (q) generally, doing of all such matters and things as may be incidental to or consequential upon the exercise of its powers of the discharge of its duties under this Act. ________________________ 1. "Clause (b)" Substituted by National Housing Bank (Amendment) Act, 2000 (15 of 2000). Prior to substitution it read as under : "(b) making of loans and advances or rendering any other form -of financial assistance whatsoever to housing finance institutions and scheduled banks, 1 [or to any authority established by or under any Central, State or Provincial Act and engaged in slum clearance];" 2. Inserted by National Housing Bank (Amendment) Act, 2000 (15 of 2000) 3. Substituted by National Housing Bank.....
View Complete Act List Judgments citing this sectionNational Service Act, 1972 Chapter III
Title: Registration and Enlistment for National Service
State: Central
Year: 1972
.....the certificate to be corrected and returned to such person or cause a fresh certificate to be issued to him. (9) The Central Government may, by rules made under this Act, provide for the issue, in specified circumstances, of fresh certificates of registration in place of certificates which have been lost, destroyed or defaced. Section 13 - Notice of likelihood of calling up for national service (1) The Central Government may from time to time cause to be served on any qualified person subject to registration under this Act, and, if he is engaged in any employment, also on his employer, a written notice in the prescribed form stating that such person is likely to be called upon, at any time within a period of twelve months next following, to render national service. (2) Omission to serve any notice referred to in sub-section (1) on an employer or the service of such notice on a person who is not, at the time of service of such notice, the employer of the qualified person concerned, shall not invalidate the notice served under sub-section (1) on the qualified person and shall not affect the liability of the qualified person to be called up for national service. (3) The.....
View Complete Act List Judgments citing this sectionNational Bank for Agriculture and Rural Development Act, 1981 Section 50
Title: Staff of National Bank
State: Central
Year: 1981
.....so applying, the availability of vacancies in the National Bank, the exigencies of service in the Reserve Bank and the National Bank and such other factors as may be considered relevant in this regard, and, if the Reserve Bank is satisfied having regard to these factors, that such applicant is suitable for being so appointed recommend his appointment to the National Bank. (c) The National Bank may thereupon, within eighteen months from the appointed day, appoint such a person applying under this sub-section as a member of the staff of the National Bank and on such appointment, such a person shall be deemed to have been appointed in the National Bank under sub-section (3): Provided that the proviso to sub-section (3) and the proviso to sub-section (3) and the proviso to sub-section (5) shall not apply in respect of such person. (5) Notwithstanding anything contained elsewhere in this Act or in any other law or in any contract for the time being in force at any time before the expiry of six months from the appointed day the Reserve Bank may if it considers it necessary in consultation with the National Bank so to do in the interest of the National Bank , transfer on.....
View Complete Act List Judgments citing this sectionNational Service Act, 1972 Chapter II
Title: Liability of Persons to Render National Service
State: Central
Year: 1972
.....to the authority specified therein and shall end on the day when his term of national service is completed in accordance with the provisions of this Act. Section 4 - Voluntary service in lieu of national service (1) If a qualified person has been enlisted under any other law for the time being in force, for service in one of the Armed Forces of the Union for a period of not less than four years, he shall perform the service required of the members of that Force in lieu of the national service required under this Act. (2) If a qualified person has rendered or is rendering service other than service in one of the Armed Forces of the Union and such service is declared by the Central Government to be equivalent to national service, the period of such service shall be deemed to be service in lieu of the national service required under this Act and he shall (unless he has ceased to be liable under this Act to be called up for national service), be liable to be called up for national service for such term as will, together with the service completed by him, be equivalent to the term of service for which persons are liable to serve under this Act. (3) If any qualified person has.....
View Complete Act List Judgments citing this sectionNational Service Act, 1972 Chapter IV
Title: Postponement of National Service
State: Central
Year: 1972
.....person who is for the time being liable to be called up for national service under this Act and who has been served with a notice referred to in sub-section (1) of Section 13, or any employer of such qualified person, may apply, in the prescribed manner to the Central Government for a certificate of postponement of liability to be called up for national service on the ground that exceptional hardship would ensue if such qualified person were called up for national service, and may, on that ground apply, in the prescribed manner, for the renewal of the postponement certificate granted to him. (2) Where an application for a postponement certificate or for the renewal thereof is made, the Central Government shall refer the application for decision to the National Service (Hardship) Committee. (3) No application for the grant of a postponement certificate shall be referred by the Central Government to the National Service (Hardship) Committee unless such application is made within sixty days from the date of service of the notice referred to in sub-section (1) of section 13: Provided that the Central Government may refer an application for the grant of a postponement.....
View Complete Act List Judgments citing this sectionNational Bank for Agriculture and Rural Development Act, 1981 Chapter III
Title: Management of the National Bank
State: Central
Year: 1981
.....all powers and do all acts and things which may be exercised or done by the National Bank. (4) Any whole-time director appointed under sub-section (3) of section 6 shall assist the Managing Director in the discharge of his functions under sub-section (3) and perform such duties as the Board may entrust or delegate to him. (5) In the discharge of his powers and functions under sub-section (3) the Managing Director shall follow such directions as the Chairman may give. (6) In the discharge of its functions under this Act, the National Bank shall be guided by such directions in matters of policy involving public interest as the Central Government in consultation with the Reserve Bank, or the Reserve Bank may give in writing. Section 6 - Board of Directors 1[(1) The Board of Directors of the National Bank shall consist of the following, namely:-- (a) a Chairman; (b) three directors from amongst experts in rural economics, rural development, village and cottage industries, small-scale industries or persons having experience in the working of co-operative banks, regional rural banks or commercial banks or any other matter the special knowledge or professional.....
View Complete Act List Judgments citing this sectionNational Tax Tribunal Act, 2005 Chapter III
Title: Jurisdiction, Powers and Functions of National Tax Tribunal
State: Central
Year: 2005
.....or proceeding to the National Tax Tribunal; (b) the National Tax Tribunal shall, on receipt of such records, proceed to deal with such matter or proceeding from the stage at which it is transferred or from an earlier stage or de novo as it may deem fit; (c) the Chairperson shall constitute a Bench consisting of such number of Members as he deems fit for hearing cases transferred under this section. Section 24 - Appeal to Supreme Court Any person including any department of the Government aggrieved by any decision or order of the National Tax Tribunal may file an appeal to the Supreme Court within sixty days from the date of communication of the decision or order of the National Tax Tribunal to him: Provided that the Supreme Court may, if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal within the said period, allow it to be filed within such time as it may deem fit.
View Complete Act List Judgments citing this sectionNational Bank for Agriculture and Rural Development Act, 1981 Chapter IV
Title: Transfer of Business to the National Bank
State: Central
Year: 1981
.....by or against the National Bank. Section 17 - Dissolution of the Corporation and repeal of Act 10 of 1963 On the date appointed under sub-section (1) of section 16 (a) the Corporation shall stand dissolved and (b) the Agricultural Refinance and Development Corporation Act 1963 shall stand repealed. Section 18 - Transfer of business from Reserve Bank (1) On such date as the Central Government may in consultation with the Reserve Bank, by notification, appoint the assets and liabilities with the Reserve Bank relating to (a) the National Agricultural Credit (Long Term Operation) Fund established and maintained under section 46A of the Reserve Bank of India Act, 1934 and (b) the National Agricultural Credit (Stabilization) Fund established and maintained under section 46B of the Reserve Bank of India Act, 1934, shall stand transferred to the National Bank and form part of the National Rural Credit (Long Term Operations) Fund referred to in section 42 and the National Rural Credit (Stabilization) Fund referred to in section 43, respectively (2) With effect from such date as the Central Government may, in consultation with the Reserve Bank, by notification,.....
View Complete Act List Judgments citing this sectionPrevention of Insults to National Honour Act, 1971 Section 2
Title: Insults to Indian National Flag and Constitution of India
State: Central
Year: 1971
.....over the hood, top and sides or back or on a vehicle, train, boat or an aircraft or any other similar object; or (k) using the Indian National Flag as a covering for a building; or (l) intentionally displaying the Indian National Flag with the "saffron'' down.] _______________________________ 1. Substituted for words "otherwise brings" by The Prevention of Insults to National Honour (Amendment) Act, 2003 (31 of 2003). 2. Inserted by The Prevention of Insults to National Honour (Amendment) Act, 2003 (31 of 2003). 3. Substituted by Prevention of Insults to National Honour (Amendment) Act, 2005 (51of 2005) for the following words:- "(e) using the Indian National Flag as a portion of costume or uniform of any description or embroidering or printing it on cushions, handkerchiefs, napkins or any dress material; or"
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