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Home Bare Acts Phrase: settlement conferencePayment 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.
View Complete Act List Judgments citing this sectionPayment and Settlement Systems Act 2007 Complete Act
Title: Payment and Settlement Systems Act 2007
State: Central
Year: 2007
.....documents in the payment system confidential Section23 - Settlement and netting Chapter VI Section24 - Settlement of disputes Section25 - Dishonour of electronic funds transfer for insufficiency, etc., of funds in the account Chapter VII Section26 - Penalties Section27 - Offences by companies Section28 - Cognizance of offences Section29 - Application of fine Section30 - Power of Reserve Bank to impose fines Section31 - Power to compound offences Chapter VIII Section32 - Act to have overriding effect Section33 - Mode of recovery of penalty Section34 - Act not to apply to stock exchanges or clearing corporations of stock exchanges Section35 - Certain persons deemed to be public servants Section36 - Protection of action taken in good faith Section37 - Power of Reserve Bank to make regulations Section38 - Power of Reserve Bank to make regulations
List Judgments citing this sectionLife 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:--
View Complete Act List Judgments citing this sectionLife Insurance Corporation (Modification of Settlements) Act, 1976 Complete Act
Title: Life Insurance Corporation (Modification of Settlements) Act, 1976
State: Central
Year: 1976
Preamble1 - LIFE INSURANCE CORPORATION (MODIFICATION OF SETTLEMENTS) ACT, 1976 Section1 - Short title Section2 - Definitions Section3 - Modification of settlements
List Judgments citing this sectionPayment 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:
View Complete Act List Judgments citing this sectionPayment 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.
View Complete Act List Judgments citing this sectionPayment 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.
View Complete Act List Judgments citing this sectionLife 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.
View Complete Act List Judgments citing this sectionDiplomatic Immunities Conferences with Common-wealth Countries and Republic of Ireland Act 1961 Section 1
Title: Diplomatic Immunities of Commonwealth Representatives Attending Conferences
State: Central
Year: 1961
.....this section in relation to any conference shall include a statement of the date from which the list or amendment takes or took effect; and the fact that any person is or was included or not included at any time among the persons entitled to diplomatic immunities as representatives attending the conference or as members of the official staff of any such representative may, if a list of those persons has been so published, be conclusively proved by producing the Gazette containing the list or, as the case may be, the last list taking effect before that time, together with the Gazettes (if any) containing notices of the amendments taking effect before that time, and by showing that the name of that person is or was at that time included or not included in the said list. (4) A person who is a member of the official staffer a representative of the government of a country to which this section applies and is not entitled under the foregoing provisions of this section to any immunity except in respect of things done or omitted to be done in the course of the performance of his duties, shall be entered in a separate part of any list compiled by the Secretary of State under.....
View Complete Act List Judgments citing this sectionDiplomatic Immunities Conferences with Common-wealth Countries and Republic of Ireland Act 1961 Preamble 1
Title: Diplomatic Immunities (Conferences with Common-wealth Countries and Republic of Ireland) Act, 1961
State: Central
Year: 1961
DIPLOMATIC IMMUNITIES (CONFERENCES WITH COMMON-WEALTH COUNTRIES AND REPUBLIC OF IRELAND) ACT, 1961 [Act, No. 9 of 1961] [2nd March, 1961] PREAMBLE An Act to provide for conferring certain immunities on representatives of Governments of Commonwealth Countries and of the Republic of Ireland attending conferences in the United Kingdom and on their staffs.
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