Title : Certain Provisions of the Reserve Bank of India Act, 1934 to Apply to the Corporation
State : Central
Year : 1968
The provisions of sections 18 and 42 of the Reserve Bank of India Act, 1934 (2 of 1934), shall apply to or in relation to the Corporation as they apply to or in relation to a State Co-operative Bank. View Complete Act List Judgments citing this sectionTitle : Power of the Board to Make Regulations
State : Central
Year : 1968
(1) The Board 1 [after consultation with the Reserve Bank may]make regulations not inconsistent with the provisions of this Act, and the rules made thereafter, to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing provisions, such regulations may provide for all or any of the following matters, namely;- (a) duties which the managing director shall perform; (b) fees and allowances which may be paid to every director for attending any meeting of the Board or any committee thereof or for attending to any other work of the Corporation; (c) duties, conduct, salaries and allowances and conditions of service of officers and other..... View Complete Act List Judgments citing this sectionTitle : Reserve Bank of India Act, 1934 and Banking Regulation Act, 1949, Not to Apply Except as Otherwise Provided
State : Central
Year : 1968
Save as otherwise provided in this Act, nothing contained in the Reserve Bank of India Act, 1934 (2 of 1934) and the Banking Regulations Act, 1949 (10 of 1949), shall apply to or in relation to the Corporation. View Complete Act List Judgments citing this sectionTitle : Court, Tribunal, Etc., Not to Require Production of Report on Inspection Made by the Reserve Bank
State : Central
Year : 1968
Notwithstanding anything contained in the Indian Evidence Act, 1872 (1 of 1872), or any other law for the time being in force, no Court, Tribunal or other authority shall have power to require the Corporation, the Reserve Bank or any other officer of the Corporation or the Reserve Bank to produce before such Court, Tribunal or other authority the report of any inspection, or any copy thereof, made by the Reserve Bank in pursuance of section 35 of the Banking Regulation Act, 1949(10 of 1949) , as applied to the Corporation under section 34. View Complete Act List Judgments citing this sectionTitle : Defects in Appointments Not to Invalidate Acts , Etc.
State : Central
Year : 1968
(1) No act or proceeding of the Board or of any of its committees shall be questioned or be invalid on the ground merely of the existence of any vacancy in, or any defect in the constitution of, the Board or the committee , as the case may be. (2) No act done by any person actin in good faith as a director or member of any committee shall be deemed to be invalid merely on the ground that he was disqualified to be a director or member or that there was any other defect in his nomination or appointment. View Complete Act List Judgments citing this sectionTitle : Borrowing by the Corporation
State : Central
Year : 1968
Subject to the provisions of this Act , the Corporation may, for the purposes of carrying out of its functions under this Act,- (a) re- discount; with or sell to; the Reserve Bank or borrow money from that Bank and for that purpose, the Corporation shall be deemed to be a State Co- operative Bank within the meaning of clause 2 (a) , clause 2(b), clause 2(bb) and clause (4) of section 17 , sub- section (2) of section 46A and sub- section (2) of section 46B of the Reserve Bank of India Act, 1934 (2 of 1934); (b) borrow money from the Central Government or the State Government or such other authority or institution as approved in this behalf by the Central Government, on such terms and conditions as may be agreed upon. View Complete Act List Judgments citing this sectionTitle : The Bankers Books Evidence Act,1891 to Apply
State : Central
Year : 1968
The Bankers' Books Evidence Act, 1891(18 of 1891), shall apply to or in relation to the Corporation as it applies to or in relation to a bank as defined in section 2 of that Act. View Complete Act List Judgments citing this sectionTitle : Certain Provisions of the Banking Regulations Act, 1949 to Apply to the Corporation
State : Central
Year : 1968
The provisions of sections 8, 9, 20, 20A, 21, 23, 24, 26, 34A, 35, [excluding sub-section (4)], 35A, clause (a) of sub-section (1) of section 36, and sections 46,47,50 and 54 of the Banking Regulation Act, 1949 (10 of 1949), shall apply to or in relation to the Corporation as they apply to or in relation to co-operative banks. View Complete Act List Judgments citing this sectionTitle : Power of the Central Government to Make Rules
State : Central
Year : 1968
(1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act (2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely;- (a) functions which shall be discharged by the Executive Committee (b) rules of procedure with regard to the transaction of business at a meeting of the Board. (c) rules of procedure with regard to the transaction of business at a meeting of any committee constituted by the Board. (d) the procedure to be followed by the appropriate Government or the authority specified by the appropriate Government for issuing the certificate under section 28. (e) the manner in which the general meeting shall be..... View Complete Act List Judgments citing this sectionTitle : State Agricultural Credit Corporations Act, 1968
State : Central
Year : 1968
THE STATE AGRICULTURAL CREDIT CORPORATIONS ACT, 1968 [Act, No. 60 of 1968] [29th December, 1968] PREAMBLE An Act to provide for the establishment in the States and Union territories of Agricultural Credit Corporation and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Nineteenth Year of the Republic of India as follows;- View Complete Act List Judgments citing this section