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Reserve Bank of India Act, 1934 (2 of 1934) Complete Act

Title : Reserve Bank of India Act, 1934 (2 of 1934)

State : Central

Year : 1934

.....constitution of the Central Board (Repealed) Section16 - First constitution of local board (Repealed) Section17 - Business which the Bank may transact Section18 - Power of direct discount Section18A - Validity of loan or advance not to be questioned Section19 - Business which the Bank may not transact Chapter 3 Section20 - Obligation of the Bank to transact Government business Section21 - Bank to have the right to transact Government business in India Section21A - Bank to transact Government business of States on agreement Section21B - Effect of agreements made between the Bank and certain States before the 1st November, 1956 Section22 - Right to issue bank notes Section23 - Issue Department Section24 - Denominations of notes Section25 - Form of bank notes Section26 - Legal tender character of notes Section26A - Certain bank notes to cease to be legal tender Section27 - Re-issue notes Section28 - Recovery of notes lost, stolen, mutilated or imperfect Section28A - Issue of special bank notes and special one rupee notes in certain cases Section29 - Bank exempt from stamp duty on bank notes Section30 - Powers of Central Government to supersede Central Board .....

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Reserve Bank of India Act, 1934 (2 of 1934) Amending Act 1

Title : Reserve Bank of India (Amendment) Act, 2006

State : Central

Year : 1934

.....may, by notification in the Official Gazette, appoint; and different dates may be appointed for different provisions of this Act. 2. Amendment of section 17 In section 17 of the Reserve Bank of India Act, 1934(2 of 1934) (hereinafter referred to as the principal Act),-- (i) after clause (6), the following shall be inserted, namely:-- '(6A) dealing in derivatives, and, with the approval of the Central Board, in any other financial instrument. Explanation.--For the purposes of this clause, "derivative" means an instrument, to be settled at a future date, whose value is derived from change in one or a combination of more than one of the following underlyings, namely:-- (a) interest rate, (b) price of securities of the Central Government or a State Government or of such securities of a local authority as may be specified in this behalf by the Central Government, (c) price of foreign securities, (d) foreign exchange rate, (e) index of rates or prices, (f) credit rating or credit index, (g) price of gold or silver coins, or gold or silver bullion, or (h) any other variable of similar nature;'; (ii) after clause (12A), the following shall be inserted,.....

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Reserve Bank of India (Amendment) Act, 2006 Complete Act

Title : Reserve Bank of India (Amendment) Act, 2006

State : Central

Year : 2006

Preamble1 - RESERVE BANK OF INDIA (AMENDMENT) ACT, 2006 Section1 - Short title and commencement Section2 - Amendment of section 17 Section3 - Amendment of section 42 Section4 - Insertion of new Chapter IIID

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State Bank of India Subsidiary Banks Act, 1959 Amending Act 2

Title : The State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007

State : Central

Year : 1959

.....a reference to the coming into force of that provision. CHAPTER II AMENDMENTS TO THE STATE BANK OF SAURASHTRA ACT, 1950 2. Substitution of new section for section 5 For section 5 of the State Bank of Saurashtra Act, 1950 (hereafter in this Chapter referred to as the State Bank of Saurashtra Act), the following section shall be substituted, namely:-- "5. Authorised Capital - (1) Subject to the provisions of this Act, the authorised capital of the Saurashtra Bank shall be rupees five hundred crores. (2) The authorised capital of the Saurashtra Bank shall be divided into shares of one hundred rupees each or of such denomination as the Saurashtra Bank may, with the approval of the State Bank, decide. (3) The Saurashtra Bank may issue the certificates of shares of equivalent values of such denomination as the Saurashtra Bank may decide with the approval of the State Bank, in accordance with the procedure as may be specified by regulations made under section 63 of the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) and every shareholder of the Saurashtra Bank shall be entitled to have the certificate of shares of equivalent value of such denomination. (4).....

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State Bank of India Act, 1955 Amending Act 2

Title : The State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007

State : Central

Year : 1955

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The State Bank of India (Amendment) Act, 2010 No. 27 of 2010[24th August, 2010.] Complete Act

Title : The State Bank of India (Amendment) Act, 2010 No. 27 of 2010[24th August, 2010.]

State : Central

Year : 2010

.....section 2 of the State Bank of India Act, 1955 (hereinafter referred to as the principal Act), clause (i) shall be omitted. 3. Substitution of new section for section 4. - For section 4 of the principal Act, the following section shall be substituted, namely:-"4. Authorised capital. - Subject to the provisions of this Act, the authorised capital of the State Bank shall be five thousand crores of rupees divided into five hundred crores of fully paid-up shares of ten rupees each:Provided that the Central Board may reduce the nominal or face value of the shares, and divide the authorised capital into such denomination as it may decide with the approval of the Reserve Bank:Provided further that the Central Government may, in consultation with the Reserve Bank, increase or reduce the authorised capital so however that the shares in all cases shall be fully paid-up shares.". 4. Amendment of section 5. - In section 5 of the principal Act,-(a) for sub-section (2), the following sub-section shall be substituted, namely:-"(2) The issued capital of the State Bank shall consist of equity shares or equity and preference shares:Provided that the issue of preference shares shall be in.....

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Reserve Bank of India Act, 1934 (2 of 1934) Section 3

Title : Establishment and Incorporation of Reserve Bank

State : Central

Year : 1934

(1) A bank to be called the Reserve Bank of India shall be constituted for the purposes of taking over the management of the currency from the1[Central Government] and of carrying on the business of banking in accordance with the provisions of this Act. (2) The Bank shall be a body corporate by the name of the Reserve Bank of India, having perpetual succession and a common seal, and shall by the said name sue and be sued. ______________________ 1. Substituted by the India and Burma (Burma Monetary Arrangements) Order, 1937, for "Governor-General in Council".

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Reserve Bank of India Act, 1934 (2 of 1934) Preamble 1

Title : Reserve Bank of India Act, 1934

State : Central

Year : 1934

..... 1. For Statement of Objects and Reasons, see Gazette of India, 1933, Pt. V, p. 160; and for Report of Select Committee, see Gazette of India, 1933. Pt. V, pp. 197-207. For the functioning of the Reserve Bank in or in relation to Burma, after the separation of that country from India, see the India and Burna (Burma Monetary Arrangements) Order, 1937. This Act was extended to Berar by Act 4 of 1941; to Goa, Daman and Diu by Regulation 6 of 1962; to Dadra and Nagar Haveli by Regulation 6 of 1963, section 2 and Schedule 1 (w.e.f. 1-7-1965); to the whole of the Union Territory of Lakshadweep by Regulation 8 of 1965, section 3 and Schedule; to the State of Sikkim: vide Notification No. S.O. 208 (E), dated 16th May, 1975, Extraordinary, Pt. II, Section 3 (ii), p. 1213 and came into force in Sikkim (w.e.f. 14-8-1976); vide Notification No. S.O. 547 (E), dated 13th August, 1976. This Act has been supplemented by Act 28 of 1964. 2. Substituted by the A.O. 1948, for 'British India'.

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Reserve Bank of India (Amendment) Act, 2006 Preamble 1

Title : Reserve Bank of India (Amendment) Act, 2006

State : Central

Year : 2006

THE RESERVE BANK OF INDIA (AMENDMENT) ACT, 2006 [Act, No. 26 of 2006] [12th June, 2006] PREAMBLE An Act further to amend the Reserve Bank of India Act, 1934. BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows:--

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Companies Act, 1956 Amending Act 4

Title : Companies (Second Amendment) Act, 2002

State : Central

Year : 1956

.....one or more industrial undertakings; (19AB) "industrial undertaking" means any undertaking, pertaining to any industry carried on in one or more factories or units by any company, as defined in clause (aa) of section 3 of the Industries (Development and Regulation) Act, 1951 (65 of 1951) but does not include a small-scale industrial undertaking as defined in clause (j) of that section;'; (c) after clause (29), the following clause shall be inserted, namely:-- '(29A) "net worth" means the sum total of the paid-up capital and free reserves after deducting the provisions or expenses as may be prescribed. Explanation.--for the purposes of this clause, "free reserves" means all reserves created out of the profits and share premium account but does not include reserves created out of revaluation of assets, write back of depreciation provisions and amalgamation;'; (d) after clause (31A), the following clause shall be inserted, namely:-- '(31AA) "operating agency" means any group of experts consisting of persons having special knowledge of business or industry in which the sick industrial company is engaged and includes public financial institution, State level institution,.....

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