Bare Act Search Results

Banking Service Commission Act, 1984 [Repealed] Section 12

Title: Duty of Public Sector Banks to Communicate to the Commission of Number of Vacancies

State: Central

Year: 1984

.....direct recruitment, (c) vacancies in posts of officers of and above the rank of Assistant General Manager or of its equivalent rank required to be filled by promotion. and such communication shall be sent in respect of all such vacancies which are likely to occur during the unexpired portion of the year in which this section comes into force, as soon as may be after such commencement and in respect of all such vacancies as are likely to occur during each subsequent year, as soon as may be after the commencement of such year: PROVIDED that in relation to junior management grade in the general category, the Central Government may, if it is of opinion that it is necessary so to do in the interests of the public sector banks, by notification, raise the percentage of vacancies to be communicated to the Commission to thirty-three and one-third per cent. (2) Communications of vacancies referred to in sub-section (1) shall be made in such form and in such manner as maybe specified in the regulations.

Banking Service Commission Act, 1984 [Repealed] Section 10

Title: Duty of Commission to Hold Competitive Examinations or Make Selections for Appointment to Posts in Public Sector Banks

State: Central

Year: 1984

It shall be the duty of the Commission lo conduct examination or to make selections or both for appointments in public sector banks for filling vacancies in- (a) posts of officers required to be filled by direct recruitment. (b) posts of officers of and above the rank of Assistant General Manager or of its equivalent rank required to be filled by promotion; and (c) such other posts as the Central Government may, by notification, specify.

Banking Service Commission Act, 1984 Complete Act

State: Central

Year: 1984

.....selections could be ensured. Government had accepted this recommendation of the Banking Commission. Accordingly, the Banking Service Commission Act, 1975 was enacted by Parliament to provide for the establishment of a Banking Service Commission. 2. Before the Commission established under the Banking Service Commission Act, 1975 could start functioning, the Act was repealed in 1978. Thereafter, Banking Service Recruitment Boards were established by way of an alternative machinery to effect recruitment of officers and clerks in the public sector banks. The working of the Recruitment Boards for over five years has shown deficiencies such as duplication of efforts and wastage of resources on the recruitment of officers from different regions. It was, therefore, considered necessary to make some modifications in the existing process for the recruitment of officers in the public sector banks so that there is economy in expenditure, speedier conduct of recruitment and judicious placement and improved quality of candidates. The Bill seeks to give effect to this idea for providing for the establishment of a body corporate to be called "The Banking Service Commission". 3. The proposed.....

Banking Service Commission Act, 1984 [Repealed] Chapter III

Title: Functions of the Commission

State: Central

Year: 1984

.....shall be audited by a person who is qualified to act as an auditor of a company under section 226 of the Companies Act, 1956, and the auditor shall receive such remuneration as the Commission may, in consultation with the Central Government, fix. (3) In conducting the audit, the auditor shall have the same rights and duties as are possessed by an auditor of a company as if the Commission were a company within the meaning of the Companies Act, 1956. Section 22 - Annual report The Commission shall prepare once every year, in such form and at such time as may be prescribed, an annual report giving a full account of its activities during the previous year, and copies thereof along with copies of its annual accounts and auditor's report shall be forwarded to the Central Government and that Government shall cause the same to be laid before both Houses of Parliament.

Banking Service Commission Act, 1984 [Repealed] Section 19

Title: Payment to the Commission

State: Central

Year: 1984

(1) The Central Government may, subject to any rules that may be made in this behalf, direct every public sector bank to pay to the Commission such fee as it may determine and the aggregate amount of the fee so determined shall not exceed the expenses incurred by the Commission. (2) The aggregate amount of fee payable under sub-section (1) shall be apportioned by the Central Government between different public sector banks and in making such apportionment in relation to a public sector bank, the Central Government shall have due regard to the demand and time liabilities of that public sector bank. (3) For the purpose of meeting the expenditure of the Commission, the Central Government may, by general or special order, direct the payment by every public sector bank of an advance of such amount as it may specify and the advance so made shall be appropriated or adjusted in such manner as may be prescribed.

Banking Service Commission Act, 1984 [Repealed] Section 15

Title: Communicated Vacancies to Be Filled Only on the Recommendation of the Commission

State: Central

Year: 1984

(1) Notwithstanding anything to the contrary contained in any award, settlement or agreement, or in any judgment, decree or order of any court or tribunal or other authority or in any other law in force for the time being, appointments to all the vacancies required to be communicated to the Commission under section 12, shall, on or from such date as the Commission may notify in respect of each public sector bank, be made by such public sector bank only on the recommendation of the Commission, except where consultation with the Commission is not necessary under this Act. (2) If, in any year, the Commission is unable to make recommendation for appointment to all the vacancies communicated to it by a public vector bank under section 12, or if the public sector bank is unable, in any year, to make appointments on the basis of recommendations made by the Commission, the vacancies may be carried forward to the subsequent year, to be filled in the said manner: PROVIDED that the public sector bank may, in consultation with the Commission, fill such vacancies temporarily in such manner and for such period as the Commission may, by regulations, specify.

Banking Service Commission Act, 1984 [Repealed] Chapter I

Title: Preliminary

State: Central

Year: 1984

.....force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions of this Act. Section 2 - Definitions In this Act unless the context otherwise requires. - (a) "banking company" has the meaning assigned to it in the Banking Regulation Act, 1949; (b) "Chairman" means the Chairman of the Commission; (c) "Commission" means the Banking Service Commission, established under sub-section (1) of section 31; (d) "grade", in relation to a public sector bank, means a grade for officers as specified in the rules or, as the case maybe, the regulations of the bank; (e) "junior management grade", in relation to a public sector bank, means the lowest grade of officers in that bank; (f) "members" means a member of the Commission but does not include the Chairman; (g) "notification" means a notification published in the Official Gazette; (h) "officer" means an officer of any grade; (i) "prescribed" means prescribed by rules made under this Act; (j) "public sector bank" means- (i) a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of.....

Banking Service Commission Act, 1984 [Repealed] Section 2

Title: Definitions

State: Central

Year: 1984

.....Act, 1949; (b) "Chairman" means the Chairman of the Commission; (c) "Commission" means the Banking Service Commission, established under sub-section (1) of section 31; (d) "grade", in relation to a public sector bank, means a grade for officers as specified in the rules or, as the case maybe, the regulations of the bank; (e) "junior management grade", in relation to a public sector bank, means the lowest grade of officers in that bank; (f) "members" means a member of the Commission but does not include the Chairman; (g) "notification" means a notification published in the Official Gazette; (h) "officer" means an officer of any grade; (i) "prescribed" means prescribed by rules made under this Act; (j) "public sector bank" means- (i) a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970; (ii) a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980; (iii) the State Bank of India constituted under the State Bank of India Act, 1955; (iv) a subsidiary bank as defined in the State Bank of India.....

Banking Service Commission Act, 1984 [Repealed] Chapter IV

Title: Miscellaneous

State: Central

Year: 1984

.....committee constituted under sub-section (1) of section 7shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code Section 25 - Certain defects not to invalidate acts or proceedings (1) All acts done by the Chairman and members and the members of any committee constituted under sub-section (1) of section 7 acting in good faith, shall, notwithstanding any defect in their appointment or procedure, be valid. (2) No act or proceeding of the Commission or of any committee thereof shall he invalid merely on the ground of the existence of any vacancy therein or defect in the constitution of the Commission or the committee, as the case may be. Section 26 - Protection of action taken In good faith No suit, prosecution or other legal proceedings shall lie against the Central Government or the Commission or any committee constituted under sub-section (1) of section 7 or any member of the Commission or of such committee or the Chairman or Secretary or other employee of the Commission for anything which is in good faith done or intended to be done under this Act or any rule made there under. Section 27 - Commission not liable to be.....

Ganesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Complete Act

State: Central

Year: 1984

.....Act, 1951. 2, Certain units of the aforesaid company, namely:- (i) The Delhi Vanaspati factory, Delhi; (ii) The Hindustan Breakfast food Manufacturing factory, New Delhi, including the Ganesh Electrical factory, New Delhi, which is interlinked with it by reason of its location, common services and infrastructure; (iii) the Kanpur Vanaspati factory, Kanpur; and (iv) The Solvent Extraction plant, Bombay- (hereinafter referred to as the Ganesh Flour Mills) being managed by the Central Government under section 18AA of the Industrial (Development and Regulation) Act, 1951, have been refining crude rapeseed oil imported from abroad for supply to the public distribution system all over the country. It has also been producing wholesome vanaspati for sale at reasonable prices in the open market. The Ganesh Flour Mills has, thus, been playing an important role in the supply of commodities essential to the needs of the common man. It is intended further to extend the role of the Ganesh Flour Mills by means of expansion of its production capacity and diversification of its production function as a part of the nucleus of the instrumentalities under the public sector so as to provide.....