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State Agricultural Credit Corporations Act, 1968 Section 19

Title: Business Which the Corporation May Transact

State: Central

Year: 1968

.....of goods, given of receipts and discharges; (f) the entering into contracts of indemnity, suretyship or guarantee with specific security or otherwise; (g) receiving in consideration of the services mentioned in clauses (b), (c), (d), (e) and (f) such commission as may be agreed upon; (h) managing or selling of any property which may come into the possession of the Corporation in satisfaction or part satisfaction of any of its claims; (i) acquiring or holding of any property or any right, title or interest in any property which may form the security or a part of the security for any loan or advance or which may be connected with any business of the Corporation; (j) any other kind of business which the Central Government may, on the recommendation of the Reserve Bank, authorise; (k) generally the doing of such things and matters as may be incidental to or consequential upon the discharge of its functions under this Act.

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State Agricultural Credit Corporations Act, 1968 Chapter 4

Title: Business Which the Corporation May Transact

State: Central

Year: 1968

.....(f) such commission as may be agreed upon; (h) managing or selling of any property which may come into the possession of the Corporation in satisfaction or part satisfaction of any of its claims; (i) acquiring or holding of any property or any right, title or interest in any property which may form the security or a part of the security for any loan or advance or which may be connected with any business of the Corporation; (j) any other kind of business which the Central Government may, on the recommendation of the Reserve Bank, authorise; (k) generally the doing of such things and matters as may be incidental to or consequential upon the discharge of its functions under this Act. Section 20 - Borrowing by the Corporation 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.....

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State Agricultural Credit Corporations Act, 1968 Section 46

Title: Power of the Central Government to Make Rules

State: Central

Year: 1968

.....account shall be prepared. (g) form in which statement of assets and liabilities shall be furnished; (h) any other matter which is required to be, or may be prescribed; 3. Every rule made under this section shall be laid as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days, which may be comprised in one session or1[in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid], both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule. ________________________ 1.Substituted for "in two successive sessions, and if before the expiry of the session in which it is so laid or the session immediately following" by Delegated Legislation Provision (Amendment) Act, 1986 w.e.f. 15-05-1986.

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State Agricultural Credit Corporations Act, 1968 Section 15

Title: Meetings of Board and Committees

State: Central

Year: 1968

.....any committee is unable to attend any meeting of the Board or the Committee, as the case may be, the members present at the meeting shall elect one of them to preside at the meeting. (4) If for any reason a director nominated under clause (a), clause (b) or clause (c) of section 9 is unable to attend any meeting of the Board or of any committee if he is a member thereof , the Government or the Reserve Bank by which such director was nominated may depute any other person to attend such meeting and person so deputed shall, for the purposes of the said meeting be deemed to be a director nominated under clause (a), clause (b) or clause (c), as the case may be , of the said section 9 or a member of the committee concerned. (5) All questions which may come up before any meeting of the Board or a committee shall be decided by a majority of votes of the members present, and in the event of an equality of votes, the Chairman of the Board of the Committee, as the case may be , or in his absence the person presiding, shall have a second or casting vote.

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State Agricultural Credit Corporations Act, 1968 Chapter 8

Title: Miscellaneous

State: Central

Year: 1968

.....this Act, for any loss or damage caused or likely to be caused by anything which is in good faith done or intended to be done in pursuance of this Act. Section 43 - Liquidation of the Corporation (1) No provision of law relating to the winding up of companies or corporations shall apply to the Corporation and the Corporation shall not be placed in liquidation save by order of the Central Government made in consultation with the State Government and in such manner as it may direct. (2) Without prejudice to the provisions of sub-section (1), any order made by the Central Government for the liquidation of a Corporation may provide for all matters for effectively winding up the affairs of the Corporation, including the repayment of capital disposal of any fund established under this Act, the transfer of the business, property, assets and liabilities, rights, interests, privileges and obligations of whatever nature of the Corporation to such institution or institutions as the Central Government may direct and payment, receipt or disposal of compensation arising out of such transfer. Section 44 - Reserve Bank to submit report The Reserve Bank shall, on the expiry of a.....

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Insecticides Act, 1968 Complete Act

State: Central

Year: 1968

INSECTICIDES ACT, 1968 INSECTICIDES ACT, 1968 46 of 1968 2nd September, 1968 An Act to regulate the import, manufacture, sale, transport, distribution and use of insecticides with a view to prevent risk to human beings or animals, and for matters connected therewith Be it enacted by Parliament in the Nineteenth Year of the Republic of India as follows: SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Insecticides Act, 1968. (2) It extends to the whole of India. (3)'lt shall come into force on such date1as the Central Government may, by notification in the official Gazette, appoint and different dates may be appointed for different States2. SECTION 02: APPLICATION OF OTHER LAWS NOT BARRED The provisions of this Act shall be in addi- tion to, and not in derogation of, any other law for the time being in force. SECTION 03: DEFINITIONS In this Act, unless the context otherwise requires,- (a) "animals" means animals useful to human beings and includes fish and fowl, and such kinds of wild life as the Central Government may, by notification in the official Gazette, specify, being kinds which in its opinion, it is desirable to protect or.....

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Insecticides Act, 1968 Section 7

Title: Procedure for Board

State: Central

Year: 1968

The Board may. subject to the previous approval of the Central Government, make bye-laws for the purpose of regulating its own procedure and the procedure of any committee thereof and the conduct of all business to be transacted by it or such committee.

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Insecticides Act, 1968 Section 5

Title: Registration Committee

State: Central

Year: 1968

(1) The Central Government shall constitute a Registration Committee consisting of a Chairman, and not more than five persons who shall be members of the Board (including the Drugs Controller, India and the Plant Protection Adviser to the Government of India) -- (i) to register insecticides after scrutinising their formulae and verifying claims made by the importer or the manufacturer, as the case may be, as regards their efficacy and safety to human beings and animals; and (ii) to perform such other functions as are assigned to it by or under this Act. (2) Where the Chairman is not a member of the Board, his term of office and other conditions of service shall be such as may be determined by the Central Government. (3) Subject to the provisions of sub-section (2), a member of the Registration Committee shall hold office for so long as he is a member of the Board. (4) The Committee may also co-opt such number of experts and for such purpose or period as it may deem fit, but any expert so co-opted shall have no right to vote. (5) The Registration Committee shall regulate its own procedure and the conduct of business to be transacted by it.

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Deposit Insurance Corporation (Amendment) Act.1968 Section 3

Title: Amendment of Section 2

State: Central

Year: 1968

.....all its deposit liabilities in India to any other institution (iv) which has ceased to be a co-operative bank within the meaning of sub-section (2) of section 36A of the Banking Regulations Act, 1949 (10 of 1949); or (v) which has converted itself into a non-banking co-operative society; or (vi) in respect of which any scheme of compromise or arrangement or of reconstruction has been sanctioned under any law for the time being in force and such scheme does not permit the acceptance of fresh deposit; or (vii) which has been granted a moratorium which is in operation; or (viii) in respect of which an application for winding up is pending before the Registrar of Co-operative Societies or other competent authority under any law relating to co-operative societies for the time being in force in a State; (iii) in clause (g);-- (a) for the words "or a banking company", the words "a banking company or a co-operative bank" shall be substituted; (b) for the words "with a banking company", the words "with a banking company or a co-operative bank" shall be substituted; (c) in sub-clause (I) after the words "where a banking company at the commencement of this Act",.....

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State Agricultural Credit Corporations Act, 1968 Complete Act

Title: State Agricultural Credit Corporations Act, 1968

State: Central

Year: 1968

.....acts , etc. Section18 - Fees and allowances of directors and members of committees Chapter 4 Section19 - Business which the Corporation may transact Section20 - Borrowing by the Corporation Section21 - Deposits with the Corporation Section22 - Limits on borrowings and deposits Section23 - Corporation to maintain two funds Section24 - Stabilisation Fund Section25 - Reserve Fund Section26 - Payment of dividend Section27 - Investment of surplus Funds Section28 - Recovery of moneys due to the Corporation Section29 - Acquisition or transfer by the Corporation of business, assets and liabilities from or to co-operative societies Chapter 5 Section30 - General meetings Chapter 6 Section31 - Accounts Section32 - Audit Section33 - Returns Chapter 7 Section34 - Certain provisions of the Banking Regulations Act, 1949 to apply to the Corporation Section35 - Certain provisions of the Reserve Bank of India Act, 1934 to apply to the Corporation Section36 - Reserve Bank of India Act, 1934 and Banking Regulation Act, 1949, not to apply except as otherwise provided Section37 - The Bankers Books Evidence Act,1891 to apply Section38 - Corporation to be deemed to be a.....

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