Bare Act Search Results

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.....

Maharashtra (Vidarbha Region) Agricultural Debtors Relief Act, 1969 Complete Act

State: Maharashtra

Year: 1969

.....any, in relation to such decree . SECTION 04: EVERY CREDITOR AND DEBTOR TO FILE A TRUE AND CORRECT STATEMENT BEFORE COURT (1) Notwithstanding the fact that no application has been filed under section 3,- (a) every creditor, on being required to do so by notice in writing by any of his debtors, shall, within two months from the date of the receipt of such notice, file before the Court a true and correct statement of all his claims under any decree against such debtor, and shall at the same time send a copy thereof to such debtor and (b) every debtor, on being required to do so by notice in writing by any of his creditors, shall within two months from the date of the receipt of such notice, file before the Court a true and correct statement - (i) of all the debts owed by such debtor under any decree; (ii) whether he holds any land used for agricultural purposes and whether he has been cultivating land personally within the meaning of the Bombay Tenancy and Agricultural Lands (Vidarbha Region) Act, 1958 ; (iii) of his income from agriculture and from sources other man agriculture in the year preceding the date of the notice, The debtor shall at the same time send a copy of such.....

Indira Gandhi National Open University Act, 1985 Schedule II

Title: Second Schedule

State: Central

Year: 1985

.....of Management under the provision of Statute 13(1). Provided also that a Lecturer appointed on probation would be confirmed only after he has satisfactorily completed a proper short-term orientation programme as may be determined by the University and that his performance appraisal reports are satisfactory. (7) Confirmation-(a) It shall be the duty of the Registrar to place before the Board of Management the case of confirmation of a teacher on probation not later than forty days before the end of period of probation. (b) The Board of Management may then either confirm the teacher or decide not to confirm or extend the period of probation so as not to exceed twenty four months in all. In case the Board of Management decides not to confirm the teacher whether before the end of twelve months period of his probation or before the end of the extended period of probation, as the case may be, he shall be informed in writing to the effect not later than thirty days before the expiration of that period. (c) A teacher appointed by the Board of Management under Statute 13(1) shall be deemed to be confirmed with effect from the date he joins duty. (8) Increment-Every teacher shall.....

Indira Gandhi National Open University Act, 1985 Complete Act

State: Central

Year: 1985

.....and related matters; (xv) to create administrative, ministerial and other necessary posts and to make appointments thereto; (xvi) to receive benefactions, donations and gifts and to acquire, hold, maintain and dispose of any property movable or immovable, including trust and Government property, for the purposes of the University; (xvii) to borrow, with the approval of the Central Government, whether on the security of the property of the University or otherwise, money for the purposes of the University; (viii) to enter into, carry out, vary or cancel contracts; (xix) to demand and receive such fees and other charges as may be laid down by the Ordinances;. (xx) to provide, control and maintain discipline among the students and all categories of employees and to lay down the conditions of service of such employees, including their codes of conduct; (xxi) to recognise any institution of higher learning or studies for such purposes as the University may determine and to withdraw such recognition; (xxii) to appoint, either on contract or otherwise, visiting Professors, Emeritus Professors, Consultants, fellows, scholars, artists, course writers and such other persons who may......

The Bombay Agricultural Debtors Relief Act, 1947 Complete Act

State: Maharashtra

Year: 1947

.....a minor or a person who is subject to physical or mental disability, such heir shall be deemed to cultivate the land personally notwithstanding the fact that the land is cultivated on behalf of such heir by servants or hired labour or by tenants. 1. Clause (7a) was inserted by Bom 37 of 1950, s. 2. Explanation:-In the case of an undivided Hindu family, the land shall be deemed to have been cultivated personally if it is cultivated by any member of such family. If there are no adult male co-parceners in such family capable of cultivating the land personally, such family shall be deemed to be cultivating the land personally if the land is cultivated on behalf of such family by servants or hired labour or by tenants. (15) Words and expressions used in this Act, but not defined, have the meanings assigned to them in the Code of Civil Procedure, 1908, or the Bombay Land Revenue Code, 1879, as the case may be. SECTION 03: SAVINGS Save as otherwise expressly provided, nothing in this act shall affect the debts and liabilities of a debtor failing under the following heads, namely : (i) any revenue or tax payable to Government or any other sum due to it by way of loan or otherwise, (ii).....

Banking Regulation Act, 1949 Part 3

Title: Suspension of Business and Winding Up of Banking Companies

State: Central

Year: 1949

.....in the opinion of the Reserve Bank- (i) a compromise or arrangement sanctioned by a court in respect of the banking company cannot be worked satisfactorily with or without modifications; or (ii) the returns, statements or information furnished to it under or in pursuance of the provisions of this Act disclose that the banking company is unable to pay its debts; or (iii) the continuance of the banking company is prejudicial to the interests of its depositors. (4) Without prejudice to the provisions contained in section 434 of the Companies Act, 1956 (I of 1956) a banking company shall be deemed to be unable to pay its debts if it has refused to meet any lawful demand made at any of its offices or branches within two working days, if such demand is made at a place where there is an office, branch or agency of the Reserve Bank, or within five working days, if such demand is made elsewhere, and if the Reserve Bank certifies in writing that the banking company is unable to pay its debts. (5) A copy of every application made by the Reserve Bank under sub-section (1) shall be sent by the Reserve Bank to the registrar. ] ______________________ 1. Substituted by Act 33 of.....

Banking Regulation Act, 1949 Section 43A

Title: Preferential Payments to Depositors

State: Central

Year: 1949

.....referred to in sub-section (9)available for payment to general creditors shall be utilised for payment on prorata basis of the debts of the general creditors and of the sums due to thedepositors: Provided thatwhere any amount in respect of any deposit is to be paid by the liquidator tothe Deposit Insurance Corporation under section 21 of the Deposit InsuranceCorporation Act, 1961 (47 of 1961), only the balance, if any, left after makingthe said payment shall be payable to the depositor.] ______________________ 1. Substituted byAct 37 of 1960, Section 4, for section 43A. 2. Substituted by Act47 of 1961, Section 51 and Schedule II, Pt. II, for "the foregoing provisions"w.e.f. 1-1- 1962. 3. Inserted by Act47 of 1961, Section 51 and Schedule II, Pt. II w.e.f. 1-1-1962

Bombay Agricultural Debtors Relief Act, 1947, (Maharashtra) Section 31

Title: Debts Payable by Debtors to Be Scaled Down

State: Maharashtra

Year: 1947

(1) Notwithstanding any law, custom, contract, award or decree of a Court to the contrary the amounts found due under section 22 from a debtor shall be further scaled down in the manner hereinafter provided. (2) If all the debts found due by a debtor after taking accounts under section 22 are unsecured, such debts shall be further scaled down pro rata to the paying capacity of the debtor. (3) If all the debts found due by after taking accounts under section 22, are secured debts, and the total amount of such debts is more than sixty per cent. of the value of the property belonging to the debtor, such debts shall be, further scaled down pro rata to the paying capacity of the debtor. (4) If the debts found due by a debtor after taking accounts under section 22 are both secured and unsecured, and if the total amount of the secured debts is more than sixty per cent of the value of the property on which such debts are secured, the secured debts shall be further scaled down pro rata to sixty per cent. of the value of other the property on which such debts are secured and the unsecured debts shall be further scaled down pro rata to sixty per cent. of the value of the other.....

Multi State Cooperative Societies Act, 1984 Complete Act

State: Central

Year: 1984

.....refusing admission to the applicant. ' (6) Notwithstanding anything contained in this section, the Central Government may, having regard to the fact that the interest of any person or class of persons conflicts or is likely to conflict with the objects of any multi-State co-operative society or class of multi-State co-operative societies, by general or special order published in the Official Gazette, declare that any person or class of persons engaged in or carrying on any profession, business or employment shall be disqualified from being admitted, or for continuing, as members or shall be eligible for membership only to a limited extent of any specified multi-State cooperative society or class of multi-State co-operative societies, so long as such person or persons is or are engaged in or carrying on, that profession, business or employment, as the case may be. SECTION 20: MEMBERS NOT TO EXERCISE RIGHTS TILL DUE PAYMENT MADE No member of a multi-State co-operative society shall exercise the rights of a member, unless he has made such payments to the society in respect of membership, or has acquired such interest in the society, as may be specified in the bye-laws. SECTION.....

Multistate Cooperative Societies Act, 2002 Complete Act

State: Central

Year: 2002

.....from the salary or wages payable to him, such amount as may be specified in the agreement and to pay the amount so deducted to the society in satisfaction of any debt or other demand the member owes to the society. (2) On the execution of such agreement, the employer disbursing the salary or wages of the members shall, if so required by the multi-State cooperative society, by a requisition in writing and so long as the society does not intimate that the whole of such debt or other demand has been paid, make the deduction in accordance with the agreement and pay the amount so deducted to the society within a period of fourteen days of the date on which deduction has been made, as if it were a part of the salary or wages payable on the day as required under the Payment of Wages Act, 1936 (4 of 1936), and such payment shall be valid discharge of the employer for his liability to pay the amount deducted. (3) If after the receipt of a requisition made under sub-sec. (2), the employer disbursing the salary or wages of the member at any time fails to deduct the amount specified in the requisition from the salary or wages payable to the member concerned or makes default in remitting.....