Title : Head Office and Other Offices
State : Central
Year : 1968
(1) The Corporation shall establish head office at such place in the State or Union territory as the appropriate Government may, after consultation with the Reserve Bank, specify; (2) The Corporation may, after consultation with the appropriate Government, establish offices or agencies at other places in the State or Union territory , as the case may be. View Complete Act List Judgments citing this sectionTitle : Amendment of Act 10 of 1963
State : Central
Year : 1968
In clause (f) of section (2) of the Agricultural Refinance Corporation Act, 1963, after sub-clause (ii) the following sub-clause shall be inserted, namely; "(iii) an Agricultural Credit Corporation established under section 3 of the State Agricultural Credit Corporation Act, 1968". View Complete Act List Judgments citing this sectionTitle : Corporation to Be Guided by Directions of Central Government
State : Central
Year : 1968
In the discharge of its functions, the Corporation shall be guided by such directions in matters of policy involving public interest as the Central Government may, in consultation with the Reserve Bank, give to it in writing and , if any question arises whether a direction relates to a matter of policy involving public interest, the decision of the Central Government thereon shall be final. View Complete Act List Judgments citing this sectionTitle : Deposits with the Corporation
State : Central
Year : 1968
The Corporation may, with the prior approval of the Reserve Bank, accept deposits from the appropriate Government, a local authority or any other person whether incorporated or not. View Complete Act List Judgments citing this sectionTitle : Limits on Borrowings and Deposits
State : Central
Year : 1968
The aggregate of the amounts borrowed and deposits accepted by the Corporation and outstanding shall not at any time exceed ten times the amount of paid- up share capital and the reserve fund of the Corporation or , with the prior approval of the Central Government , fifteen times the amount of such paid up share capital and reserve fund. View Complete Act List Judgments citing this sectionTitle : Recovery of Moneys Due to the Corporation
State : Central
Year : 1968
Where any amount is due to the Corporation in respect of loans or advances or other financial accommodation granted by it to any person , the Corporation or any person authorised by it in writing in this behalf , may, without prejudice to any other mode of recovery, make an application to the appropriate Government for the recovery of the amount due to it , and if the appropriate Government, or such authority , as that Government may specify in this behalf is satisfied after following such ;procedure as may be prescribed, that any amount id so due it may issue a certificate for that amount to the Collector, and the Collector shall proceed to recover that amount in the same manner and under the same condition as if it were an arrears of land revenue. View Complete Act List Judgments citing this sectionTitle : Disqualifications
State : Central
Year : 1968
No person shall be director, who,- (a) except in the case of the managing director , is a salaried official of the Corporation, or (b) is, or at any time has been, adjudged insolvent or has suspended payment of his debts or has compounded with his creditors, or (c) is of unsound mind and stands so declared by a competent court or (d) is or has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude. View Complete Act List Judgments citing this sectionTitle : Acquisition or Transfer by the Corporation of Business, Assets and Liabilities from or to Co-operative Societies
State : Central
Year : 1968
(1) Subject to the provisions of any law relating to co-operative societies for the time being in force, the corporation may-- (a) acquire the whole or any part of the business, including the assets and liabilities of a co-operative society; (b) transfer the whole or any part of its business, including its assets or liabilities to a co-operative society. (2) The terms and conditions relating to such acquisition or transfer, if agreed upon by the Board and the co-operative society concerned shall be submitted to the Reserve Bank for its approval and that Bank may by order in writing (hereafter in this section referred to as the order of approval) accord its approval thereto; Provided that where such acquisition or transfer involves the acquisition of the assets of the..... View Complete Act List Judgments citing this sectionTitle : Payment of Dividend
State : Central
Year : 1968
After making provision for bad and doubtful debts, depreciation of assets and all other matters which are usually provided for by bankers , and after crediting to the Stabilisation Fund under section 24 and to the Reserve Fund under section 25, the Corporation may, out of its annual net profits, declare a dividend. View Complete Act List Judgments citing this sectionTitle : General Meetings
State : Central
Year : 1968
(1) A general meeting (in this Act to as an annual general meeting) of the Corporation shall be held at the Head Office of the Corporation within three months from the date on which the annual accounts of the Corporation are closed, and any other general meeting may be convened by the Board at any other time; Provided that the Central Government may extend the time within which any annual general meeting shall be held, by a period not exceeding one month. (2) The shareholders present at an annual general meeting shall be entitled to discuss the balance-sheet and profit and loss account of the Corporation, the report of the Board on the working of the Corporation for the period covered by the accounts and the auditor's report on the balance-sheet and account. View Complete Act List Judgments citing this section