Bare Act Search Results

State Bank of India Subsidiary Banks Act, 1959 Section 37

Title: Other Business Which a Subsidiary Bank May Transact

State: Central

Year: 1959

.....carry on and transact the business of banking as defined in clause (b) of section 5 of the Banking Regulation Act, 1949, and may engage in one or more of the other forms of business specified in sub-section (1) of section 6 of that Act.] (2) The Central Government may, after consultation with the Reserve Bank and the State Bank, by order in writing-- (a) authorise subsidiary bank to do such other forms of business as the Central Government may consider necessary or expedient; (b) direct that any form of business as is mentioned in the order shall be carried on subject to such restrictions, conditions and safeguards as may be specified therein; or (c) prohibit a subsidiary bank from carrying on or transacting any form of business which, but for this clause, it is lawful for the subsidiary bank to engage in. (3) Save as otherwise provided in sub-section (2), a subsidiary bank shall not engage in any form of business other than that referred to in sub-section (1). ________________________ 1. Substituted for sub-section(1) by the State Bank Laws (Amendment) Act, 1973 (43 of 1973), Section 29 w.e.f. 31-12-1973.

Karnataka Co-operative Societies Act, 1959 Section 61

Title: Restrictions on Other Transactions with Non-members

State: Karnataka

Year: 1959

Save as is provided in sections 59 and 60, the transactions of a co-operative society with persons other than members shall be subject to such restrictions, if any, as may be prescribed.

The Chhattisgarh Land Revenue Code, 1959 Complete Act

State: Chattisgarh

Year: 1959

.....the provisions of this Code;(n) legal practitioner means any person entitled to practice in any of the courts in Madhya Pradesh under the Legal Practitioners Act, 1879 (XVIII of 1879), or under any other law for the time being in force;(o) mango grove means mango trees planted in such numbers that they preclude or when full grown are likely to preclude the land on which they stand or any major portion thereof from being used primarily for any purpose other than planting of trees;(p) orchard means fruit trees planted in such numbers that they preclude or when full grown are likely to preclude the land on which they stand or any major portion thereof from being used primarily for any purpose other than planting of trees;(q) plot number means a portion of land in the urban area formed into or recognized as a plot number under section 93, in respect of which the area and the land revenue payable are separately entered in the prescribed records under an indicative number and includes any portion of land entered in the previous records under an indicative number known as khasra or survey number;(r) recognized agent in reference to a party to a proceeding under the Code means (i) a.....

Subsidiary Banks General Regulations, 1959 Complete Act

State: Central

Year: 1959

.....of the requisition. REGULATION 19: BUSINESS AT GENERAL MEETINGS (1) No business other than that specified in sub-section (2) of section 44-of the Act shall be transacted or discussed at the annual general meeting, except with the consent of the chairman or other person presiding at the meeting, unless not les than six week's notice of the same has been given to the chairman or the4[managing director] of the subsidiary bank either by the State Bank or by at least ten other share holders qualified to vote at the meeting. Such notice shall take the form of a definite resolution to be put to the meeting, and shall be included in the notice of the meeting. (2) Except with the consent of the chairman or other person presiding at the meeting, no business shall be transacted or discussed at any special general meeting, except the business for which the meeting has been specifically convened. REGULATION 20 QUORUM AT GENERAL MEETINGS No business shall be transacted at any meeting of the shareholders whether it is the annual general meeting or any special general meeting, unless a quorum of at least five shareholders consisting of the State Bank represented by a proxy or by a duly.....

State Bank of India (Subsidiary Banks) Act, 1959 Complete Act

State: Central

Year: 1959

.....debts, liabilities and obligations of whatever kind, then existing of that bank. (3) Without prejudice to the other provisions contained in this Act, all contracts, deeds, bonds, agreements, powers of attorney grants of legal representation and other instruments of whatever nature, subsisting or having effect immediately before the appointed day and to which any existing bank is a party, or which are in favour of that bank, shall be of full force and effect against or in favour of the corresponding new bank, as the case may be, and may be enforced or acted upon as fully and effectually as if Instead of the existing bank the corresponding new bank had been a party thereto or as if they had been issued in favour of the corresponding new bank. (4) If on the appointed day, any suit, appeal or other legal proceeding of whatever nature by or against an existing bank is pending, the same shall not abate be discontinued or be in any way prejudicially affected by reason of transfer to the corresponding new bank of the undertaking of the existing bank, or of anything contained in this Act, but the suit, appeal or other proceeding may be continued, prosecuted and enforced by or.....

The Kerala Stamp Act, 1959 Complete Act

State: Kerala

Year: 1959

THE KERALA STAMP ACT, 1959 THE KERALA STAMP ACT, 1959 (Act 17 of 1959) CONTENTS CHAPTER I PRELIMINARY Sections. 1. Short title, extent and commencement. 2. Definitions. CHAPTER II STAMP DUTIES. 3. Instruments chargeable with duty. 4. Several instruments used in single transactions of sale, mortgage or settlement. 5. Instruments relating to several distinct matters. 6. Instruments coming within several descriptions in Schedule. 7. Payment of higher duty in respect of certain instruments. 8. Bonds or other securities issued on a loans. 9. Power to reduce remit or compound duties. 10. Duties how to be paid. 11. Use of adhesive stamps. 12. Cancellation of adhesive stamps. 13. Instruments stamped with impressed stamps how to be written. 14. Only one instrument to be on same stamp. 15. Instruments written contrary to section 13 or 14 deemed unstamped. 16. Denoting duty. 17. Instruments executed in the State of Kerala. 18. Instruments executed out of India. 19. Payment of duty on certain instruments liable to increased duty in the State of Kerala. 20. Conversion of amount expressed in foreign currencies. 21. Stock and.....

The [Tamil Nadu] Hindu Religious and Charitable Endowments Act, 1959 Complete Act

State: Tamil Nadu

Year: 1959

THE [TAMIL NADU] HINDU RELIGIOUS AND CHARITABLE ENDOWMENTS ACT, 1959 THE 1 [TAMIL NADU] HINDU RELIGIOUS AND CHARITABLE ENDOWMENTS ACT, 1959 1 [Act No. 22 of 1959] 2 [2nd December, 1959] PREAMBLE An Act to amend and consolidate the law relating to the administration and governance of Hindu Religious and Charitable Institutions and Endowments in the 3[State of Tamil Nadu]; WHEREAS it is expedient to amend and consolidate the law relating to the administration and governance of Hindu Religious and Charitable Institutions and Endowments in the 3[State of Tamil Nadu]; BE it enacted in the Tenth Year of the republic of India as follows:- ________________________ 1. These words were substituted for the word "Madras" by the Tamil Nadu Adaptation of Laws Order, 1969, as amended by the Tamil Nadu Adaptation of Laws (Second Amendment) Order, 1969. 2. For the Statement of Objects and Reasons, See Fort St. George Gazette Extraordinary, dated the 13th April 1959, Part IV-A, page 213. This Act as amended by sub-section (2) of section 11 of the Tamil Nadu (Added Territories) Extension of Laws Act, 1962 (Tamil Nadu Act 14 of 1962) was extended to the Added.....

State Bank of India Subsidiary Banks Act, 1959 Chapter VI

Title: Business of Subsidiary Banks

State: Central

Year: 1959

.....carrying on the business of banking. _____________________________ 1. Substituted by the State Bank of India (Subsidiary Banks Laws) Amendment Act, 2007 (Act No. 30 of 2007) for the words and figures "Banking Companies Act, 1949" Section 38A - Arrangement With Subsidiary Banks On Appointment Of Directors To Prevail 1[38A. Arrangement With Subsidiary Banks On Appointment Of Directors To Prevail (1) Where any arrangement entered into by a subsidiary bank with a company provides for the appointment by the subsidiary bank of one or more Directors of such company, such provision and any appointment of Directors made in pursuance thereof shall be valid and effective notwithstanding anything to the contrary contained in the Companies Act, 1956, or in any other law for the time being in force or in the memorandum, articles of association or any other instrument relating to the company and any provision regarding share qualification, age limit number of directorships, removal from office of Directors and such like conditions contained in any such law or instrument aforesaid, shall not apply to any Director appointed by the subsidiary bank in pursuance of the arrangement as.....

Karnataka Co-operative Societies Act, 1959 Chapter IV

Title: Management of Co-operative Societies

State: Karnataka

Year: 1959

.....any contract made with suchco-operative society or in the sale or purchase made by such co-operative society privately or in auction or in any contract or transaction of the cooperative society (other than investment and borrowing) involving financial interests in that contract, sale, purchase or transaction; (c) 1 [he or any of his near relation carries] on a business of the kind carried on by such co-operative society or by a co-operative society of which such co-operative society is a member; 2 [Provided that if any question arises as to whether any person is near relation or not, the case shall be decided by the Registrar and his decision shall be final.] (d) he is employed as legal practitioner on behalf of such co-operativesociety or accepts employment as legal practitioner against such cooperative society; (e) he is a paid employee of such co-operative society or of itsfinancing bank; 3 [Provided that nothing in this clause shall apply to the Chief Executive of such co-operative society.] (f) he is a near relation of a paid employee of such co-operativesociety. 4 [Explanation.--For the purpose of 1 [this clause and clause (c)] 'near relation' means,-- (i).....

Arms Act, 1959 Complete Act

State: Central

Year: 1959

.....of the provisions of the Act. There has been increased use of firearms, mootly unauthorised by terrorists and others in committing violent acts. Such activities have been particularly noticed in 'disturbed areas' like Punjab and Chandigarh. The punishments provided for at present do not have a strong deterrent effect. There is, therefore, an increased need to provide for more stringent punishment to curb unauthorised access to arms and ammunition and to combat the growing menace of terrorism. It is accordingly proposed to provide for very stringent punishments for illegal possession or carrying of arms in disturbed areas and for contravention of sub-section(1B) of section 25of the Act in disturbed areas. It is also proposed to make the Punishments for other contraventions of the said sub-section(1B) more stringent. 2 The.Bill seeks to achieve the above objectives. -S.O.R. - Gaz. of India. 16-5-1985, Pt. II-S. 2. Ext., p. 3 (No29). Act 42 of 1988- The Arms Act, 1959 had been amended to provide for enhanced publishments in respect of offences under that Act in the context of escalating terrorist and anti-national activities. However, it was reported tha'. terrorist and.....