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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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State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 Chapter IV

Title : Amendment to the State Bank of India (Subsidiary Banks) Act, 1959

State : Central

Year : 2007

.....them, in the manner as may be prescribed.", Section 8 - Amendment of section 18 In section 18 of the State Bank of India (Subsidiary Banks) Act, in sub-section (2), for the words "fifty-five per cent, of the issued capital", the words "fifty-one per cent. of the issued capital consisting of equity shares" shall be substituted. Section 9 - Insertion of new section 18A After section 18 of the State Bank of India (Subsidiary Banks) Act, the following section shall be inserted, namely:-- "18A. Right of registered shareholder to nominate-(1) Every individual registered shareholder of a subsidiary bank may, at any time, nominate, in the prescribed manner, an individual to whom all his rights in the shares shall vest in the event of his death. (2) Where the shares are registered in the name of more than one individual jointly, the joint holders may together nominate in the prescribed manner, an individual to whom all their rights in the shares shall vest in the event of the death of all the joint holders. (3) Notwithstanding anything contained in any other law for the time being in force or in any disposition, whether testamentary or otherwise, in respect of such.....

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Multi State Co-operative Societies Act, 1984 [Repealed] Chapter IV

Title : Direction and Management of Multi-state Co-operative Societies

State : Central

Year : 1984

..... (i) To sanction, loans to the members; and (j) To take such other measures or to do such other acts as may be prescribed or required under this Act. Section 43 - Meetings of the board (1) The Chief Executive shall convene the meetings of the board at the instance of the chairman or president of the multi-State co-operative society. (2) The total number of meetings of the board in a year and the venue of meetings may be such as may be prescribed: Provided that the Board shall meet at least once in every quarter. Section 44 - Chief Executive (1) There shall be a Chief Executive, by whatever designation called, of every multi-State co-operative society, to be appointed by the board and he shall be a full-time employee of such multi-State co-operative society. (2) The Chief Executive shall be a member of the board and of the Executive Committee and such other committees or sub-committees as may be constituted under sub-section (1) of section 46-. (3) The functional directors in national co-operative societies shall also be members of the board. (4) Where the Central Government has subscribed to the extent of more than one-half of the share capital of a national.....

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Multi State Co-operative Societies Act, 1984 [Repealed] Repealing Act 1

Title : Multi-state Co-operative Societies Act, 2002

State : Central

Year : 1984

.....from the salary or wages payable to him, such amount as may be specified in the agreement and to pay the amount so deducted to the society in satisfaction of any debt or other demand the member owes to the society. (2) On the execution of such agreement, the employer disbursing the salary or wages of the members shall, if so required by the multi-State co-operative society, by a requisition in writing and so long as the society does not intimate that the whole of such debt or other demand has been paid, make the deduction in accordance with the agreement and pay the amount so deducted to the society within a period of fourteen days of the date on which deduction has been made, as if it were a part of the salary or wages payable on the day as required under the Payment of Wages Act, 1936(4 of 1936), and such payment shall be valid discharge of the employer for his liability to pay the amount deducted. (3) If after the receipt of a requisition made under sub-section (2), the employer disbursing the salary or wages of the member at any time fails to deduct the amount specified in the requisition from the salary or wages payable to the member concerned or makes default in.....

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State Financial Corporations Act, 1951 Chapter II

Title : Insorporation of State Financial Corporations, their Capital and Management

State : Central

Year : 1951

.....Financial Corporation.] ______________________ 1. Section 7 Substituted by Act 6 of 1962, section 5 (w.e.f. 16-4-1962) and again Substituted by Act. 39 Section 8 - Deposits with the Financial Corporation 1[8. Deposits with the Financial Corporation (1) The Financial Corporation may accept from the State Government, or with the prior approval of the Reserve Bank, from a local authority or any other person deposits repayable after the expiry of a period which shall not be less than twelve months from the date of the making of the deposit and on such other terms as the Board thinks fit: Provided that the total amount of such deposits shall not exceed twice the paid-up share capital of the Financial Corporation: Provided further that the State Government may permit the Financial Corporation to accept deposits up to a higher limit not exceeding ten times the paid-up share capital of the Financial Corporation. (2) Any deposit accepted under Sub-section (1), other than a deposit from the State Government may, if so required by the Financial Corporation, be guaranteed by the State Government as to the repayment of the principal and payment of interest.] .....

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Multi-state Co-operative Societies Act, 2002 Chapter II

Title : Central Registrar and Registration of Multi-state Co-operative Societies

State : Central

Year : 2002

.....to have been accepted for registration and the Central Registrar shall issue registration certificate in accordance with the provisions of this Act. Section 12 - When amendment of bye-laws comes into force An amendment of the bye-laws of a multi-State co-operative society shall, unless it is expressed to come into operation on a particular day, come into force on the day on which it is registered, Section 13 - Change of name (1) A multi-State co-operative society may, by an amendment of its bye-laws, change its name but such change shall not affect any right or obligation of the multi-State co-operative society or of any of its members or past members, and any legal proceedings which might have been continued or commenced by or against the multi-State co-operative society by its former name, may be continued or commenced by or against its new name. (2) Where a multi-State co-operative society changes its name, the Central Registrar shall enter the new name on the register of multi-State co-operative society in place of the former name and shall amend the certificate of registration accordingly. Section 14 - Change of address Every multi-State co-operative.....

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Multi-state Co-operative Societies Act, 2002 Chapter V

Title : Direction and Management of Multi-state Co-operative Societies

State : Central

Year : 2002

.....for the refusal or failure to convene the special general meeting. Section 41 - Board of directors (1) Subject to the provisions of this Act and rules, there shall be a board of directors for every multi-State co-operative society consisting of such number of members as specified in sub-section (3). (2) The members of a multi-State co-operative society, by a resolution in a general meeting, shall elect directors who shall be members of board. (3) The board shall consist of such number of directors as may be specified in the bye-laws: Provided that the maximum number of directors in no case shall exceed twenty-one: Provided further that the board may co-opt we directors in addition to twenty-one directors specified in the first proviso: Provided also that the functional directors in the national co-operative societies shall also be the members of the board and such members shall be excluded for the purpose of counting the total number of directors specified in the first proviso. Section 42 - Association of employees in management decision making process Every multi-State co-operative society shall devise such procedure, as may be specified in the bye-laws.....

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States Reorganisation Act 1956 Part II

Title : Terriorial Changes and Formation of New States

State : Central

Year : 1956

.....(1) of section 3 and sub-section (1) of section 4 of the Andhra State Act, 1953, and the territories specified in clause (b) of sub-section (1) of section 5, section 6 and clause (d) of sub-section (1) of section 7 of the States Reorganization Act, 1956. 8. MYSORE -- The territories specified in sub-section (1) of section 7 of the States Reorganization Act, 1956. 9. ORISSA--The territories which immediately before the commencement of this Constitution were either comprised in the Province of Orissa or were being administered as if they formed part of that Province. 10. PUNJAB -- The territories specified in section 11 of the States Reorganization Act, 1956. 11. RAJASTHAN -- The territories specified in section 10 of the States Reorganization Act, 1956. 12. UTTAR PRADESH -- The territories which immediately before the commencement of this Constitution were either comprised in the Province known as the United Provinces or were being administered as if they formed part pf that Province. 13. WEST BENGAL -- The territories which immediately before the commencement of this Constitution were either comprised in the Province of West Bengal or were being administered as if.....

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States Reorganisation Act 1956 Part VII

Title : Apportionment of Assets and Liabilities of Certain Part a and Part B States

State : Central

Year : 1956

.....for the purpose of raising a public loan and having any of the forms specified in, or prescribed under, clause (2) of section 2 of the Public Debt Act, 1944 Section 83 - Refund of taxes collected in excess The liability of an existing State to refund any tax or duty on property, including land revenue, collected in excess shall be the liability of the successor State in which the property is situated, and the liability of an existing State to refund any other tax or duty collected in excess shall be the liability of the successor State in whose territories the place of assessment of that tax or duly is included. Section 84 - Deposits The liability of an existing State in respect of any civil deposit or local fund deposit shall, as from the appointed day, be the liability of the successor State in whose area the deposit has been made. Section 85 - Provident funds The liability of an existing State in respect of the provident fund account of a Government servant in service on the appointed day shall, as from that day, be the liability of the successor State to which that Government servant is permanently allotted. Section 86 - Pensions The liability of the.....

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