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Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 Complete Act

Title: Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997

State: Central

Year: 1997

Preamble1 - INDUSTRIAL RECONSTRUCTION BANK (TRANSFER OF UNDERTAKINGS AND REPEAL) ACT, 1997 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Undertakings of the Reconstruction Bank to vest in company Section4 - General effect of vesting of undertaking in Company Section5 - Provisions in respect of officers and other employees of Reconstruction Bank Chapter III Section6 - Concession, etc., to be deemed to have been granted to Company Section7 - Tax exemption or benefit to continue to have effect Section8 - Guarantee to be operative Section9 - Arrangement with Company on appointment of directors to prevail Section10 - Act 18 of 1891 to apply to the books of Company Section11 - Shares, bonds and debentures to be deemed to be approved securities Section12 - Substitution in Act, rules or regulations of company in place of the Reconstruction Bank Section13 - Repeal and saving of Act 62 of 1984 Chapter IV Section14 - Insertion of new section 4A Section15 - Repeal and Saving

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Hindu Religious Institutions and Charitable Endowments Act, 1997 Chapter III

Title: Archakas and Temple Servants

State: Karnataka

Year: 1997

.....number of archakas appointed to the temple shall be in keeping with the practice obtaining in the temple immediately before the commencement of this Act. Section 10 - Qualifications for Archakas (1) No person shall be appointed to be a Archaka unless he has passed atleast a certificate course (Wara) in the Agama in the tradition of the temple, from any recognised Sanskruta Patashala or any other institution as the State Government may by notification in the official gazette specify, or has performed as archaka in the tradition of the temple for at least three years. (2) No Archaka who on the date of commencement of this Act is performing in any temple without having the requisite qualification stipulated in this section shall be disqualified, if he has attained the age of forty years. (3) An Agamika or tanthri wherever appointed to perform poojas in a temple on special occasions shall continue to perform such functions as the Committee of management may specify and shall be governed by such conditions of service as may be prescribed. Provided that no person shall after the commencement of this Act be appointed to perform as an Agamika or Tanthri unless he has passed the.....

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Karnataka Souharda Sahakari Act, 1997 Chapter IV

Title: Management of Co--operative

State: Karnataka

Year: 1997

..... (a) unless he needs the services of the Co--operative and accepts the responsibility of membership and is competent to contract under the Contract Act, 1872 (Central Act IX of 1872); (b) if he conducts any business, such business being in conflict or competition with the business of the Co--operative as specified in the bye--laws; and (c) unless he fulfills such other conditions as may be specified in the bye--laws of the Co--operative: Provided that after the registration of a Co--operative, the members shall be admitted only by the elected board. (2) No person shall be eligible to continue as a member if such person,-- (a) has not used the services of the Co--operative for two consecutive years to the minimum level specified in the bye--laws; or (b) has not attended three consecutive general meetings of the Co--operative and such absence has not received the consent of the general body; or (c) is in default regarding any payment to be made to the Co--operative exceeding an amount and for a period specified in the bye--laws. (3) If a question arises as to the eligibility or otherwise of a person to become a member or to continue as a member, the board shall.....

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Karnataka Souharda Sahakari Act, 1997 Section 31

Title: Employees

State: Karnataka

Year: 1997

..... (a) be in--charge of the overall control and supervision of the day--today affairs of the Co--operative; (b) sign documents, enter into agreements and contracts and institute and defend suits and other legal proceedings on behalf of the Co--operative; (c) have powers to endorse, sign, negotiate cheques and other negotiable instruments and operate the bank accounts of the Co--operative; (d) be responsible to assist the board in matters relating to recruitment, performance and discipline of the employees; (e) arrange to maintain proper records and accounts of the Co--operative; (f) present the draft annual report and financial statements for the approval of the board within sixty days of closure of the year; (g) assist to convene the board meetings, general meetings and the special general meeting in accordance with the bye--laws; (h) assist the board in the formulation of policies and programmes; (i) furnish to the board information necessary for monitoring the performance of the Co--operative; and (j) perform any other functions as specified in the bye--laws or as decided by a resolution of the board meetings or general meetings.

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Karnataka Souharda Sahakari Act, 1997 Chapter IX

Title: The Federal Co--operative

State: Karnataka

Year: 1997

.....Co--operative shall be the authority to exercise all the powers and perform all the functions conferred on the Federal Co--operative under this Act, rules and the bye--laws, and shall have powers,-- (a) to elect the President or Chairperson, Vice--President or Vice--Chairperson and other office bearers; (b) to remove from office the President or Chairperson, or Vice-- President or Vice Chairperson and other office bearers; (c) to appoint and remove the Chief Executive; (d) to fix staff strength; (e) to frame policies concerning the organisation and services to the member Co--operatives; (f) to frame regulations regarding,-- (i) custody and investment of funds; (ii) maintenance of accounts; (iii) mobilisation, utilisation and investment of various funds; (iv) monitoring and management of information system including statutory returns to be filed; and (v) such other subjects and matters necessary for the effective performance of the Federal Co--operative; (g) to place the annual report, annual financial statements, and annual plan and budget for the approval of the general body; (h) to consider audit and compliance report and place the reports before.....

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Karnataka Souharda Sahakari Act, 1997 Section 53

Title: Constitution, Functions and Management of Federal Co--operative

State: Karnataka

Year: 1997

.....of the member Co-operatives; (s) convene the special general body meeting where a member Co-operative fails to convene such a meeting under sub section (2) of section 30; (t) prepare a panel of auditors and Chartered Accountants and send the same to the member Co-operatives for appointment; 1 [(u) have the power of inspection of the member Co-operatives: Provided that in the case of a Co-operative Bank, no action under this clause shall be taken unless it has the approval of the Reserve Bank.] 2 [(8) The provisions of section 23 relating to general body shall mutatis mutandis apply to the Federal Co-operative.] 3 [(9)] The President or Chairperson of a member Co-operative shall be the representative at the general body of the Federal Co-operative. If for any reason, the Chairperson or President is unable to represent, he may nominate any director of the board to be the representative. The representative shall continue to represent the Co-operative in the Federal Co-operative as along as he remains in office in the member Co-operative. ______________________________________ 1. Substituted by Act 21 of 2004 w.e.f. 31.3.2004. 2. Inserted by Act 21 of 2004 w.e.f......

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Karnataka Souharda Sahakari Act, 1997 Section 56

Title: Powers and Functions of the Board

State: Karnataka

Year: 1997

.....Co--operative shall be the authority to exercise all the powers and perform all the functions conferred on the Federal Co--operative under this Act, rules and the bye--laws, and shall have powers,-- (a) to elect the President or Chairperson, Vice--President or Vice--Chairperson and other office bearers; (b) to remove from office the President or Chairperson, or Vice-- President or Vice Chairperson and other office bearers; (c) to appoint and remove the Chief Executive; (d) to fix staff strength; (e) to frame policies concerning the organisation and services to the member Co--operatives; (f) to frame regulations regarding,-- (i) custody and investment of funds; (ii) maintenance of accounts; (iii) mobilisation, utilisation and investment of various funds; (iv) monitoring and management of information system including statutory returns to be filed; and (v) such other subjects and matters necessary for the effective performance of the Federal Co--operative; (g) to place the annual report, annual financial statements, and annual plan and budget for the approval of the general body; (h) to consider audit and compliance report and place the reports before.....

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Karnataka Souharda Sahakari Act, 1997 Section 61

Title: Employees of the Federal Co--operative

State: Karnataka

Year: 1997

.....other negotiable instruments and operate the bank accounts of the Federal Co--operative; (d) be responsible for appointment of employees and to ensure discipline, performance and welfare; (e) be the person to enter into agreements or contracts on behalf of the Federal Co--operative; (f) arrange to maintain proper records and accounts of the Federal Co--operative; (g) present the draft annual report and financial statements for the approval of the board within the time stipulated in the bye--laws; (h) convene the board meetings and general body meetings in consultation with the President or Chairperson, in accordance with the bye--laws and record the proceedings thereof; (i) assist the board in the formation of policies and plans; (j) be responsible to the board; (k) furnish to the board information necessary for monitoring the performance of the Federal Co--operative; (l) furnish registers and accounts at the time of audit by the auditor or by the Chartered Accountant; and (m) perform any other function authorised by a resolution of the board and general body.

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Hindu Religious Institutions and Charitable Endowments Act, 1997 Chapter I

Title: Preliminary

State: Karnataka

Year: 1997

.....and religious education and teaching of philosophy; (e) observance of religious festivals; and (f) any other public religious purpose; (25) 'Rules' means the rules made under this Act; (26) 'Specific Endowment' means any property or money endowed for the performance of any specific service or charity in a Hindu religious institution or charitable institution or for the performance of any other charity. Explanation: Where a specific endowment attached to a charitable institution or a Hindu religious institution is situated partly within the State and partly outside the State, control shall be exercised in accordance with the provisions of this Act over the whole of the specific endowment provided the Charitable Institution or the Hindu religious institution is situated within the State; (27) 'Temple' means a place by whatever designation known, used as a place of public religious worship having separate existence and dedicated to or for the benefit of or used as of right by the Hindu community or any section thereof as a place of public religious worship and includes a Mandira, Samadhi, Brindavana, Gaddige, shrine, Sub-shrine, Utsava Mantapa, tank or other necessary.....

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Hindu Religious Institutions and Charitable Endowments Act, 1997 Section 2

Title: Definitions

State: Karnataka

Year: 1997

.....and religious education and teaching of philosophy; (e) observance of religious festivals; and (f) any other public religious purpose; (25) 'Rules' means the rules made under this Act; (26) 'Specific Endowment' means any property or money endowed for the performance of any specific service or charity in a Hindu religious institution or charitable institution or for the performance of any other charity. Explanation: Where a specific endowment attached to a charitable institution or a Hindu religious institution is situated partly within the State and partly outside the State, control shall be exercised in accordance with the provisions of this Act over the whole of the specific endowment provided the Charitable Institution or the Hindu religious institution is situated within the State; (27) 'Temple' means a place by whatever designation known, used as a place of public religious worship having separate existence and dedicated to or for the benefit of or used as of right by the Hindu community or any section thereof as a place of public religious worship and includes a Mandira, Samadhi, Brindavana, Gaddige, shrine, Sub-shrine, Utsava Mantapa, tank or other necessary.....

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