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Home Bare Acts Phrase: wholeBanking Regulation Act, 1949 Section 10B
Title: Banking Company to Be Managed by Whole Time Chairman
State: Central
Year: 1949
.....his duties or is absent on leave or otherwise in circumstances notinvolving the vacation of his office, the banking company may, with theapproval of the Reserve Bank, make suitable arrangements for carrying out the 6[duties ofchairman or managing director] for a totalperiod not exceeding four months. ___________________ 1. Subsituted by Act 20 of 1994, Section2, for sub-section (1) w.e.f. 31-1-1994. 2. Subsituted by Act 20 of 1994, Section 2, for certain words w.e.f.31-1-1994. 3. Subsituted by Act 20 of 1994, Section 2 w.e.f. 31-1-1994. 4. Certain words omitted by Act 1 of 1984, Section 17 w.e.f. 15-2-1984. 5. Inserted by Act 1 of 1984, Section 17 w.e.f. 15-2-1984. 6. Subsituted by Act 20 of 1994, Section 2 w.e.f. 31-1-1994.
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 269
Title: Appointment of Managingor Whole-time Director or Manager to Require Government Approval Only Incertain Cases
State: Central
Year: 1956
.....been found to be in contravention of Schedule XIII, shall, if the acts so done are valid otherwise, be valid notwithstanding any order made by the3[Tribunal] under subsection ( 9 ). Explanation. In this section "appointment" includes re-appointment and "whole-time director" includes a director in the 'whole-time employment of the company'.] ______________________ 1. Section 269 substituted by Act 65 of 1960, sec. 91 (w.e.f. 28-12-1960) and again substituted by Act 31 of 1988, sec. 46 (w.e.f. 15-6-1988). 2. Substituted by Act 53 of 2000, sec. 130, for "five hundred rupees" (w.e.f. 13-12-2000). 3. Substituted by Act 11 of 2003, sec. 33, for "Company Law Board". 4. Substituted by Act 53 of 2000, sec. 130, for "five thousand rupees" (w.e.f. 13-12-2000). 5.Substituted by Act 53 of 2000, sec. 130, for "ten thousand rupees" (w.e.f. 13-12-2000). 6. Substituted by Act 53 of 2000, sec. 130, for "fifty rupees" (w.e.f. 13-12-2000).
View Complete Act List Judgments citing this sectionBanking Regulation Act, 1949 Section 10BB
Title: Power of Reserve Bank to Appoint [Chairman of the Board of Directors Appointed on a Whole-time Basis or a Managing Director] of a Banking Company
State: Central
Year: 1949
.....fromthe banking company such pay and allowances as the Reserve Bank may determineand may be removed from office only by the Reserve Bank. (4) Save as otherwise provided inthis section, the provisions of section 10B shall, as far as may be, apply tothe 3 [chairmanof the board of directors appointed on a whole-time basis or a managingdirector] appointed by the Reserve Bank undersubsection (1) as they apply to a 3 [chairman of the board of directors appointed on awhole-time basis or a managing director]appointed by the banking company.] ___________________ 1. Inserted by Act 1 of 1984, Section 18 w.e.f. 15-2-1984. 2. Subsituted by Act 20 of 1994, Section 3 w.e.f. 31-1-1994. 3. Subsituted by Act 20 of 1994, Section 3 w.e.f. 31-1-1994.
View Complete Act List Judgments citing this sectionNational Bank for Agriculture and Rural Development Act, 1981 Section 8
Title: Term of Office of Managing Director and Whole Time Directors Conditions of Service Etc.
State: Central
Year: 1981
.....consultation with the Reserve Bank, determine. (2) The Central Government may in consultation with the Reserve Bank, remove the Managing Director or any whole-time director appointed under sub-section (3) of section 6 at any time before the expiry of his term of office, after giving him a reasonable opportunity of showing cause against the proposed removal. (3) Notwithstanding anything contained in sub-section (1) or sub-section (2) Central Government shall have the right to terminate the term of office of the Managing Director or of any whole-time director appointed under sub-section (3) of section 6 at any time before the expiry of the term fixed under sub-section (1) by giving him notice of not less than three months in writing or three months salary and allowances in lieu of such notice: Provided that the Central Government shall before terminating the term of office of the Managing Director or any whole-time director appointed under sub-section (3) of section 6 consult the Reserve Bank ________________________ 1. Inserted by National Bank For Agriculture And Rural Development (Amendment) Act, 2000 (55 of 2000)
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 196
Title: Appointment of Managing Director, Whole
State: Central
Year: 2013
.....company and by the Central Government in case such appointment is at variance to the conditions specified in that Schedule: Provided that a notice convening Board or general meeting for considering such appointment shall include the terms and conditions of such appointment, remuneration payable and such other matters including interest, of a director or directors in such appointments, if any: Provided further that a return in the prescribed form shall be filed within sixty days of such appointment with the Registrar. (5) Subject to the provisions of this Act, where an appointment of a managing director, whole-time director or manager is not approved by the company at a general meeting, any act done by him before such approval shall not be deemed to be invalid.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 202
Title: Compensation for Loss of Office of Managing or Whole
State: Central
Year: 2013
.....otherwise than on the reconstruction of the company or its amalgamation as aforesaid; (c) where the office of the director is vacated under sub-section (1) of section 167; (d) where the company is being wound up, whether by an order of the Tribunal or voluntarily, provided the winding up was due to the negligence or default of the director; (e) where the director has been guilty of fraud or breach of trust in relation to, or of gross negligence in or gross mismanagement of, the conduct of the affairs of the company or any subsidiary company or holding company thereof; and (f) where the director has instigated, or has taken part directly or indirectly in bringing about, the termination of his office. (3) Any payment made to a managing or whole-time director or manager in pursuance of sub-section (1) shall not exceed the remuneration which he would have earned if he had been in office for the remainder of his term or for three years, whichever is shorter, calculated on the basis of the average remuneration actually earned by him during a period of three years immediately preceding the date on which he ceased to hold office, or where he held the office for a lesser.....
View Complete Act List Judgments citing this sectionBombay Police Act, 1951, (Maharashtra) Section 3
Title: One Police Force for the Whole of the State of Maharashtra
State: Maharashtra
Year: 1951
3. One Police Force for the1[whole of the2[State of Maharashtra] There shall be one Police Force for the3[whole of the2[State of Maharashtra]4[and such Police Force shall include every Police officer referred to in clause (6) of section 2]: Provided that, the members of the Police Forces constituted under any of the Acts mentioned in Schedule I, immediately before the coming into force of this Act5[in the relevant part of the State] shall be deemed to be the members of the said Police Force . ___________________ 1. These words were substituted for the words "whole State" by Bom. 34 of 1959, s. 6. 2. These words were substituted for the words "State of Bombay" by the Maharashtra Adaptation of Laws (State and Concurrent Subjects) Order, 1960. 3. These words were substituted for the words "whole of the State" by Bom. 34 of 1959, s. 6. 4. These words, brackets and figures shall be deemed always to have been inserted, by Mah. 32 of 1987, s. 3. 5. These words were inserted, by Bom. 34 of 1959, s. 6.
View Complete Act List Judgments citing this sectionUnit Trust of India Act, 1963 (52 of 1963) Section 14A
Title: Emergency Powers of the Whole-time Chairman
State: Central
Year: 1963
1 [14-A. Emergency powers of the whole-time Chairman If the Chairman, whose appointment is whole-time is of opinion that circumstances exist which render it necessary for him to take immediate action in respect of any matter which is within the competence of the Board and that the interests of the Trust may be prejudicially affected if such action is deferred until after the next meeting of the Board, then, notwithstanding anything contained in Cl. (c) of sub-section (2) of Section 14, the Chairman may take such action in respect of that matter as he deems necessary and for such purpose, he may exercise all powers and do all acts and things which may be exercised or done by the Board, but in every such case, he shall, as soon as may be after the action is taken, make a written report to the Board containing a statement of the action taken and the circumstances under which it was taken.] ______________________ 1. Inserted by Act 63 of 1985, Section 4 (w.e.f. 23rd April, 1985).
View Complete Act List Judgments citing this sectionKarnataka Police Act, 1963 Section 3
Title: One Police Force for the Whole State
State: Karnataka
Year: 1963
Section 3 - One Police Force for the whole State There shall be one Police Force1[including the State Reserve Police Force established under section 145] for the whole of the State: State Provided that the members of the Police Forces constituted under any of the Acts mentioned in Schedule I, immediately before coming into force of this Act, shall be deemed to be the members of the said Police Force. _______________________________ 1. Inserted by Act 18 of 1975 w.e.f. 15.5.1975.
View Complete Act List Judgments citing this sectionCentral Provinces Court of Wards Act, 1899 Section 10
Title: Assumption of Superintendence to Be Notified and to Extend to Whole of Government Wards Property
State: Central
Year: 1899
(1)Whenever the Court of Wards assumes the superintendence of the property of anyperson under this Act, the fact of such assumption, and the date on which it wassanctioned by the 1 [2 [State] Government], shall benotified in the 3 [Official Gazette]. (2)On and with effect from the date of such sanction, the whole of the property,moveable and immoveable, of such person, whether the existence of any suchproperty may be known to the said Court or not, shall be deemed to be under thesuperintendence of the Court of Wards. (3)Any property which the Government ward may inherit subsequently to the date ofsuch sanction, shall also be deemed to be under the superintendence of the Courtof Wards. (4)The Court of Wards may, in its discretion, assume, or refrain from assuming, thesuperintendence of any property which the ward may acquire, otherwise than byinheritance, subsequently to the date of such notification. ________________________ 1.Substituted by the A. O. 1937for "L.G.". 2.Substituted by for "provincial" by the A.O. 1950. 3.Substituted by the A. O. 1937for "local officialGazette".
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