Title : Power of Central Government to Make Rules for the Preservation of Records
State : Central
Year : 1949
The Central Government may, after consultation with the Reserve Bank and by notification in the Official Gazette, make rules specifying the periods for which (a) a banking company shall preserve its books, accounts and other documents; and (b) a banking company shall preserve and keep with itself different instruments paid by it. View Complete Act List Judgments citing this sectionTitle : Notice of Claims of Other Persons Regarding Deposits Not Receivable
State : Central
Year : 1949
No notice of the claim of any person, other than the person or persons in whose name a deposit is held by a banking company, shall be receivable by the banking company, nor shall the banking company be bound by any such notice though even expressly given to it: Provided that where any decree, order, certificate or other authority from a court of competent jurisdiction relating to such deposit is produced before a banking company, the banking company shall take due note of such decree, order, certificate or other authority. View Complete Act List Judgments citing this sectionTitle : Notice of Claims of Other Persons Regarding Articles Not Receivable
State : Central
Year : 1949
No notice of the claim of any person, other than the person or persons in whose name any article is held by a banking company in safe custody, shall be receivable by the banking company, nor shall the banking company be bound by any such notice even though expressly given to it: Provided that where any decree, order, certificate or other authority from a court of competent jurisdiction relating to such article is produced before a banking company, the banking company shall take due note of such decree, order, certificate or other authority. View Complete Act List Judgments citing this sectionTitle : Notice of Claims of Oilier Persons Regarding Safety Lockers Not Receivable
State : Central
Year : 1949
No notice of the claim of any person, other than hirer or hirers of a locker, shall be receivable by a banking company nor shall the banking company be bound by any such notice even though expressly given to it: Provided that where any decree, order, certificate or other authority from a court of competent jurisdiction relating to the locker or its contents is produced before the banking company, the banking company shall take due note of such decree, order, certificate or other authority.] View Complete Act List Judgments citing this sectionTitle : Banking Regulation (Amendment) Act, 2007
State : Central
Year : 1949
THE BANKING REGULATION (AMENDMENT) ACT, 2007 [Act No. 31 of 2007] [9th March, 2007] PREAMBLE further to amend the Banking Regulation Act, 1949. BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-- 1. Short title and commencement.-- (1) This Act may be called the Banking Regulation (Amendment) Act, 2007. (2) It shall be deemed to have come into force on the 23rd day of January, 2007. 2. Amendment of section 24.-- In section 24 of the Banking Regulation Act, 1949(10 of 1949) (hereinafter referred to as the principal Act),-- (a) sub-sections (1) and (2) shall be omitted; (b) for sub-section (2A), the following sub-section shall be substituted, namely:-- "(2A) A scheduled bank, in addition to the average daily balance which it..... View Complete Act List Judgments citing this sectionTitle : Sponsored Schemes
State : Central
Year : 2007
Notwithstanding anything in this Act, whenever the Institute receives funds from any Government, the University Grants Commission or any other agency including industry sponsoring a research scheme, a consultancy assignment, a teaching programme or a chaired professorship or a scholarship, to be executed or endowed at the Institute,-- (a) the amount received shall be kept by the Institute separately from the fund of the Institute and utilised only for the purpose of the scheme; and (b) the staff required to execute the same shall be recruited in accordance with the terms and conditions stipulated by the sponsoring organisation: Provided that any money remaining unutilised under clause (a) shall be transferred to the endowment fund created under section 25. View Complete Act List Judgments citing this sectionTitle : Statutes, Ordinances and Notification to Be Published in the Officialgazette Land to Be Laid Before Parliament
State : Central
Year : 2007
(1) Every Statute and every Ordinance made or notification issued under this Act shall be published in the Official Gazette. (2) Every Statute and every Ordinance made or notification issued under this Act 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 or 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 Statute, Ordinance or notification or both Houses agree that the Statute, Ordinance or notification should not be made or issued, the Statute, Ordinance or notification shall thereafter have effect only in..... View Complete Act List Judgments citing this sectionTitle : Statutes, Ordinances and Regulations to Be Published in the Officialgazette and to Be Laid Before Parliament
State : Central
Year : 2007
(1) Every Statute, Ordinance or Regulation made under this Act shall be published in the Official Gazette. (2) Every Statute, Ordinance or Regulation made under this Act 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 or 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 Statute, Ordinance or Regulation or both Houses agree that the Statute, Ordinance or Regulation should not be made, the Statute, Ordinance or Regulation shall thereafter have effect only in such modified form or be of no effect, as the case..... View Complete Act List Judgments citing this sectionTitle : Opportunity to Be Given Before Adjudication of Confiscation
State : Central
Year : 1976
No order of adjudication of confiscation shall be made unless a reasonable opportunity of making a representation against such confiscation has been given to the person from whom any article or currency has been seized. View Complete Act List Judgments citing this sectionTitle : General Responsibility of Common Carrier
State : Central
Year : 2007
Save as otherwise provided in this Act, a common carrier shall be responsible for the loss, destruction, damage or deterioration in transit or non-delivery of any consignment entrusted to him for carriage, arising from any cause except the following, namely: (a) act of God; (b) act of war or public enemy; (c) riots and civil commotion; (d) arrest, restraint or seizure under legal process; (e) order or restriction or prohibition imposed by the Central Government or a State Government or by an officer or authority subordinate to the Central Government or a State Government authorised by it in this behalf: Provided that the common carrier shall not be relieved of its responsibility for the loss, destruction, damage, deterioration or non-delivery of the consignment if the common..... View Complete Act List Judgments citing this section