Bare Act Search Results

Payment and Settlement Systems Act 2007 Section 23

Title: Settlement and Netting

State: Central

Year: 2007

.....that has become final and irrevocable and the right of the system provider to appropriate any collaterals contributed by the system participant towards its settlement or other obligations in accordance with the rules, regulations or bye-laws of such system provider. Explanation-For the removal of doubts, it is hereby declared that the settlement, whether gross or net, referred to in this section is final and irrevocable as soon as the money, securities, foreign exchange or derivatives or other transactions payable as a result of such settlement is determined, whether or not such money, securities or foreign exchange or derivatives or other transactions is actually paid.

Life Insurance Corporation (Modification of Settlements) Act, 1976 Preamble 1

Title: Life Insurance Corporation (Modification of Settlements) Act, 1976

State: Central

Year: 1976

LIFE INSURANCE CORPORATION (MODIFICATION OF SETTLEMENTS) ACT, 1976 [Act, No. 72 of 1976] [29th May, 1976] PREAMBLE An Act to provide for the modification of the settlements arrived at between the Life Insurance Corporation of India and their workmen. BE it enacted by Parliament in the Twenty-seventh Year of the Republic of India as follows:--

Payment and Settlement Systems Act 2007 Preamble 1

Title: Payment and Settlement Systems Act 2007

State: Central

Year: 2007

THE PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 [Act No. 51 of 2007] [20th December, 2007] PREAMBLE An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:

Payment and Settlement Systems Act 2007 Chapter VI

Title: Settlement of Disputes

State: Central

Year: 2007

.....funds transfer through an instruction, authorisation, order or agreement, did not have reason to believe at the time of such instruction, authorisation, order or agreement that the credit of his account is insufficient to effect the electronic funds transfer. (4) The Court shall, in respect of every proceeding under this section, on production of a communication from the bank denoting the dishonour of electronic funds transfer, presume the fact of dishonour of such electronic funds transfer, unless and until such fact is disproved. (5) The provisions of Chapter XVII of the Negotiable Instruments Act, 1881(26 of 1881) shall apply to the dishonour of electronic funds transfer to the extent the circumstances admit. Explanation. For the purposes of this section, "debt or other liability" means a legally enforceable debt or other liability, as the case may be.

Payment and Settlement Systems Act 2007 Section 24

Title: Settlement of Disputes

State: Central

Year: 2007

.....system providers or where any of the system participants is not satisfied with the decision of the panel referred to in sub-section (1), the dispute shall be referred to the Reserve Bank. (4) The dispute referred to the Reserve Bank for adjudication under sub-section (3) shall be disposed of by an officer of the Reserve Bank generally or specially authorised in this behalf and the decision of the Reserve Bank shall be final and binding. (5) Where a dispute arises between the Reserve Bank, while acting in its capactiy as system provider or as system participant, and another system provider or system participant, the matter shall be referred to the Central Government which may authorise an officer not below the rank of Joint Secretary for settlement of the dispute and the decision of such officer shall be final.

Life Insurance Corporation (Modification of Settlements) Act, 1976 Section 3

Title: Modification of Settlements

State: Central

Year: 1976

Notwithstanding anything contained in the Industrial Disputes Act, 1947, the provisions of each of the settlements, in so far as they relate to the payment of an annual cash bonus to every Class III and Class IV employee of the Corporation at the rate of fifteen per cent of his annual salary, shall not have any force or effect and shall not be deemed to have had any force or effect on and from the 1st day of April, 1975.

West Bengal Mining Settlements (Health and Welfare) Act, 1964 Complete Act

State: West Bengal

Year: 1964

.....mutandis the procedure laid down in the foregoing sub-section, add to or alter the area included in mining settlement. Section 5 Application of the Act The provisions of this Act shall not apply to any area included within a municipality constituted under the provisions of the Bengal Municipal Act, 1932. CHAPTER 2 The Mines Board of Health Section 6 Establishment and incorporation of Mines Board of Health (1) The State Government may, by notification, establish a Mines Board of Health for a mining settlement. (2) The Board shall, by the name of the Mines Board of Health of the mining settlement for which it is established, be a body corporate and shall have perpetual succession and a common seal with power to hold and acquire property, both movable and immovable, and, subject to such restrictions as may be prescribed, to transfer any such property held by it and to do all other things necessary for the purposes of this Act, and to sue and be sued in its corporate name. Section 7 Constitution of Board and term of office of members (1) A Board shall consist of not less than sixteen and not more than seventeen members as follows: (a) four members to be nominated by the Coal.....

The Pondicherry Settlement Act, 1970 Complete Act

State: Pondicherry

Year: 1970

.....by rules framed under this Act; (k) "registered holder" means a registered holder as defined under the Pondicherry Survey and Boundaries Act, 1967 (Act 8 of 1967); (l) "settlement" means the result of the operations conducted in a zone in order to determine the land assessment; (m) "Settlement Officer" means an officer appointed by the Government under sub-section (2) of section 3 and includes an office empowered under the Act to perform the functions of a Settlement Officer; (n) "Union territory" means the Union territory of Pondicherry; and (o) "zone" means a local area comprising one or more Communes or portions thereof which in the opinion of the Settlement Officer are contiguous and homogenous in respect of soil characteristics, physical configuration, yield of principal crops, rainfall and other irrigation facilities. CHAPTER II OFFICERS, THEIR POWERS, DUTIES AND FUNCTIONS Director and Settlement Officers:- 3. (1) The Government may appoint a Director to carry out the settlement operations and to perform the duties and discharge the functions assigned to him by or under this Act. (2) The Government may appoint one or more Settlement Officers to.....

The Orissa Government Land Settlement Act, 1962 Complete Act

State: Orissa

Year: 1962

.....2. Definitions. In this Act unless the context otherwise requires" (Inserted by the Orissa Government Land Settlement (Amendment and Validation) Act, 1974 (Or. Act 5 of 1974), S. 2 (a) w, e. f. 1-2-1974) [(a) 'Collector' shall include an Additional District Magistrate;] (Renumbered by ibid, w. e. f. 1-2-1974) [(aa)) 'Government' means the State Government of Orissa; (b) 'Government land' means any waste land belonging to Government, whether cultivable or not, recorded as House-site, Anabadi, Chot Jungle, Puratan patit, Nutan patit, Parityakta Bedakhah (Inserted by the Orissa Government Land Settlement (Amendment and Validation) Act, 1975 (Or. Act 48 of 1975), S. 2) [(Gochar] or by any other description, whatsoever; (c) 'prescribed' means prescribed by rules made under this Act. (Inserted by the Orissa Government Land Settlement (Amendment and Validation) Act, 1974 (Or. Act 5 of 1974), S. 2 (b) w, e. f. 1-2-1974) [(d) 'Revenue Officer' means any officer appointed as such by the Government to discharge any of the functions of a Revenue Officer under the provisions of the Orissa Land Reforms Act, 1960; (e) 'Tahasildar' includes an Additional Tahasildar.] 3......

Payment and Settlement Systems Act, 2007 Complete Act

State: Central

Year: 2007

PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 51 OF 2007 An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:- CHAPTER 1 : Preliminary SECTION 1 : Short title extent and commencement (1) This Act may be called the Payment and Settlement Systems Act, 2007. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act, and any reference to the commencement in any such provision of this Act shall be construed as a reference to the commencement of that provision. SECTION 2 : Definitions (1) In this Act, unless the context otherwise requires,- (a) "bank" means,- (i) a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934); (ii) a post office savings bank; (iii) a banking company.....