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Start Free TrialBanking Regulation Act, 1949 Section 50
Title: Certain Claims for Compensation Barred
State: Central
Year: 1949
No person shall have any right, whether in contract or otherwise, to any compensation for any loss incurred by reason of the operation of any of the provisions 1[contained in sections 10, 12A, 16, 35A, 35B, 2[36, 43A and 45] or by reason of the compliance by a banking company with any order or direction given to it under this Act]. _______________________ _ 1. Substituted by Act 95 of 1956, Section 12, for certain words w.e.f. 14-1-1957. 2. Substituted by act 37 of 1960, Section 8, for "and 36".
View Complete Act List Judgments citing this sectionBanking Regulation Act, 1949 Section 45I
Title: Duty of Directors and Officers of Banking Company to Assist in the Realisation or Property
State: Central
Year: 1949
Every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and distribution of the property of the banking company.
View Complete Act List Judgments citing this sectionAbolition of Privy Council Jurisdiction Act, 1949 [Repealed] Section 4
Title: Continuance of Privy Council Jurisdiction in Certain Pending Cases
State: Central
Year: 1949
Nothing contained in shall affect the jurisdiction of His Majesty in Council to dispose of- (a) any Indian appeal or petition on which the Judicial Committee of the Privy Council has before the appointed day delivered judgment or, as the case may be, reported to His Majesty, but which has not been determined by an Order in Council of His Majesty; or (b) any Indian appeal or petition on which the Judicial Committee has after hearing the parties, reserved judgment or order; or (c) any Indian appeal which has been entered before the appointed day in the list of business of the Judicial Committee for the Michaelmas sittings of the year 1949 and which after that day is not directed to be removed there from, by or under the authority of the Judicial Committee; or (d) any Indian petition which has been lodged before the appointed day in the Registry of the Privy Council.
View Complete Act List Judgments citing this sectionAbolition of Privy Council Jurisdiction Act, 1949 [Repealed] Section 6
Title: Transfer of Pending Appeals to the Federal Court
State: Central
Year: 1949
All proceedings in respect of any Indian appeals pending before His Majesty in Council immediately before the appointed day, except those referred to in, shall by virtue of this Act stand transferred to the Federal Court, and shall be disposed of by it in the exercise of the jurisdiction conferred on it by this Act.
View Complete Act List Judgments citing this sectionAbolition of Privy Council Jurisdiction Act, 1949 [Repealed] Section 7
Title: Continuance of Certain Proceedings in High Court
State: Central
Year: 1949
All proceedings and steps taken in, and orders made and certificates granted by, a High Court in connection with an Indian appeal or petition shall, except in the case of any such appeal or petition as is referred to in, be deemed to be in connection with an appeal or petition to the Federal Court from, or in respect of, the same judgment, decree or order under the provisions of this Act, and shall be concluded, or as the case may be, have effect accordingly.
View Complete Act List Judgments citing this sectionAbolition of Privy Council Jurisdiction Act, 1949 [Repealed] Section 8
Title: Effect of Orders of His Majesty in Council
State: Central
Year: 1949
Any order of His Majesty in Council made on an Indian appeal or petition, whether before, on or after the appointed day, shall for all purposes have effect, not only as an order of His Majesty in Council, but also as if it were an order or decree made by the Federal Court in the exercise of the jurisdiction conferred by this Act.
View Complete Act List Judgments citing this sectionAbolition of Privy Council Jurisdiction Act, 1949 [Repealed] Section 10
Title: Modification of Existing Laws
State: Central
Year: 1949
The provisions of-, and of any other law in force on the appointed day relating to Indian appeals and petitions shall as from that day have effect, except in relation to the appeals and petitions referred to in, as if in the said provisions, for all references to His Majesty in Council, there had been substituted references to the Federal Court.
View Complete Act List Judgments citing this sectionSeaward Artillery Practice Act, 1949 Section 1
Title: Short Title, Extent and Application
State: Central
Year: 1949
(1) This Act may be called the Seaward Artillery Practice Act, 1949. (2) It extends to all the States {The words " and Acceding States of India " rep.by the A.O.1950.} which have a sea coast and applies also to, and to persons on, any vessel which is registered in India or which belongs to any person domiciled in India, wherever it may be.
View Complete Act List Judgments citing this sectionBanking Regulation Act, 1949 Section 14
Title: Prohibition of Charge on Unpaid Capital
State: Central
Year: 1949
No banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.
View Complete Act List Judgments citing this sectionBanking Regulation Act, 1949 Section 34
Title: Accounting Provisions of This Act Not Retrospective
State: Central
Year: 1949
Nothing in this Act shall apply to the preparation of accounts by a banking company and the audit and submission thereof in respect of any accounting year which has expired prior to the commencement of this Act, and notwithstanding the other provisions of this Act, such accounts shall be prepared, audited and submitted in accordance with the law in force immediately before the commencement of this Act.
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