Judgment Search Results Home > Cases Phrase: banking companies acquisition and transfer of undertakings act 1970 chapter 1 preliminary Court: gujarat Page 1 of about 16 results (0.762 seconds)

Ghanshyambhai Muljibhai Patel Vs. Bank of Inida

Court : Gujarat

..... 1970), the board of directors of bank of india, after consultation with the reserve bank of india and with the previous sanction of the central government hereby makes the following regulations, ..... examined by this court, the relevant regulations of the respondent bank are required to be recorded, which are as under: bank of india (employees) pension regulations, 1995 in exercise of the powers conferred by clause (f) of sub section (2) of section 19 of the banking companies (acquisition and transfer of understandings) act, 1970 ( 5 of ..... shall not apply to an employee who seeks retirement from service for being absorbed permanently in an autonomously body or a public sector undertaking or company or institution or body, whether incorporated or not to which he is on deputation at the time of seeking voluntary retirement: provided that this .....

Bank of Baroda Retired Officers' Association and Anr. Vs. Chairman and ...

Court : Gujarat

Reported in : (2004)IIILLJ720Guj

..... powers conferred by clause (f) of sub.section (2) of section 19 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970), by the board of directors of bank of baroda, after consultation with the reserve bank of india and with the previous sanction of the central government. in that view of ..... submitted that on perusal and consideration of the provisions of the said draft/preliminary regulations, petitioner no. 2 and other similarly situated officers of the bank opted for the pension scheme. that in regulation-13 of the draft/preliminary regulations, it was provided for addition to qualifying service in special circumstances, ..... direct recruitment are normally recruited; (c) for which the candidate was given age relaxation over and above the maximum age limit fixed by the bank on account of his possessing higher qualifications or experience. this regulation is having three provisos. while determining the applicability of a regulation the provisos attached .....

Bank of India Vs. Ghanshyambhai Muljibhai Patel

Court : Gujarat

..... , 1995 in exercise of the powers conferred by clause (f) of sub section (2) of section 19 of the banking companies (acquisition and transfer of understandings) act, 1970 ( 5 of 1970), the board of directors of bank of india, after consultation with the reserve bank of india and with the previous sanction of the central government hereby makes the following regulations, namely:- chapter i preliminary ..... exercise of the powers conferred by clause (f) of sub-section (2) of section 19 of the banking companies (acquisition and transfer of undertakings) act, 1970. the said regulations provide for pensionary benefits for the employees of the appellant-bank. the said regulations define various terms like 'retirement', 'pension', etc. regulation 33 of the 1995 regulations provides for pension on compulsory retirement. regulation 33 .....

Shailesh Textile Industries Vs. the Chief Controlling Revenue Authorit ...

Court : Gujarat

Reported in : AIR1994Guj153

..... to avail of loan and credit facilities and, therefore, approached dena bank, which is a corporate body and a nationalised bank under the provisions of banking companies (acquisition and transfer of undertakings) act, 1970 (hereinafter referred to as 'dena bank' for short). on 24th august, 1974, dena bank sanctioned a term loan of rs. 1,10,000/-(rupees one lac ..... expenditure-tax act, 1957 (29 of j957), the gift-tax act, 1958 (18 of 1958), the super profits tax act, 1963 (14 of 1963) and the companies (profits) surtax act, 1964 (7 of 1964) or (b) the registration of the document will not prejudicially affect the recovery of any existing liability under any of ..... to reduce their bargain regarding deposit of title deeds in writing and, therefore, the deed dated 9th december, 1974 was executed, creating mortgage in favour of dena bank. 26. second relevant surrounding circumstance is to be found in the deed dated 9th december, 1974 itself. after the endorsement made by the joint sub-registrar, .....

State of Gujarat Vs. Central Bank of India and ors.

Court : Gujarat

Reported in : AIR1987Guj113; (1987)1GLR437

..... wit a view to extricate it out of a difficult situation. the central bank of india (hereinafter referred to as 'the bank') stood nationalised as per the provisions of the banking companies (acquisition and transfer of undertakings) act, 1970 (hereinafter referred to as 'the banking companies act'). both the state government and the bank were acting in the best interest of the public. but, at the stage of ..... execution of the decree obtained by the bank it has adopted a hypertechnical stand which .....

Dr. Anil K. Khandelwal and 14 ors. Vs. Shri Maksud Saiyed and anr.

Court : Gujarat

Reported in : 2006CriLJ3180; (2006)3GLR2043

..... share was being made pursuant to the sanction of government of india and in consultation of the reserve bank of india (rbi) vide its letter f no. 001/26/2003-boa dated october 19, 2004 under section 3(2b)(c) of the banking companies (acquisition & transfer of undertaking) act, 1970, as amended and the resolution passed at the meeting of ..... board of directors of the bank on october 23, 2003 and the shareholders of the bank at the egm held on november 25, 2003. it is alleged by the ..... accused no. 14 has without any authority signed and affirmed some statements. the gravamen of the allegation of the complainant is that the bank has filed a false claim against the company by virtue of which the business of the complainant got seriously affected and his reputation in the society has got tarnished and thereby he .....

N.H. Dhyani and ors. Vs. Dena Bank and ors.

Court : Gujarat

Reported in : (1984)2GLR1441

..... regulations have been framed in exercise of the powers conferred under section 19 read with sub-section (2) of section 12 of the banking companies (acquisition and transfer of undertakings) act, 1970 (5 of 1970). the regulations have come into force from july 1, 1979.5. in order to understand and ..... category.regulation 7 as it stood prior to amendment reads as follows:7. subject to the provisions of regulation 6, the various posts of officers in the bank on the appointed date shall be categorised as specified in the table below: tableposts grade in which placedgeneral manager top executive gradescale viijoint general manager top executive ..... 7 as it stands after the amendment brought in force april, 1980:7. subject to the provisions of regulation 6, the various posts of officers in the bank on the appointed date shall be categorised as specified in the table below: tableposts grade in which placedgeneral manager top executive gradescale viijoint general manager/ top executive gradedeputy .....

Commissioner of Income-tax, Gujarat Ii Vs. Vimlaben Bhagwandas Patel a ...

Court : Gujarat

Reported in : (1979)GLR413; (1979)0GLR413; [1979]118ITR134(Guj)

..... context of property tax under the calcutta municipal act (3 of 1923), while rustam cavasjee cooper's case was in the context of the principles of acquisition under the banking companies (acquisition and transfer of undertakings) act (22 of 1969). the supreme court in padma debi's case : [1962]3scr49 , held that the rental value ..... case [1070] 40 comp cas 325 the supreme court ruled that for purposes of awarding compensation of land and building of an undertaking acquired under the banking companies (acquisition and transfer of undertakings) act on the basis of 12 times the amount of annual rent or the rent which the building may reasonably expected to ..... be 3 to 5 per cent. when there are competitive and alluring investments in the money market, viz., insurance policies, unit trust, preferential shareholdings, company and bank deposits, equity shareholdings of corporations having prospect of return ranging between 12 to 15 per cent. and also of capital appreciation which prove more attractive .....

Commissioner of Income-tax Vs. Karamchand Premchand Pvt. Ltd.

Court : Gujarat

Reported in : (1992)107CTR(Guj)340; [1993]200ITR281(Guj)

..... this rebate was a concession subject to the fulfilment of the conditions prescribed under the proviso, and the creation of a reserve fund under section 17 of the banking companies act was not sufficient compliance with the proviso, even though the amount so carried to the reserve fund might be large enough to cover both requirements.' 42 ..... , all these points were not highlighted before the tribunal and, therefore, the tribunal felt that even if clear entries are not passed linking up this reserve with acquisition of assets, some other material may perhaps be necessary. such observations, on the facts of this case, are not useful as there is overwhelming evidence on record ..... and that the tribunal agreed that something more was necessary for this purpose, and even if clear entries are not passed linking up this reserve with the acquisition of assets. some other material may perhaps be necessary. in this connection, it was urged that there was overwhelming evidence on record to show that a .....

In Re: Mafatlal Industries Ltd.

Court : Gujarat

Reported in : [1995]84CompCas230(Guj)

..... tapping financial resources and in the changed new economic scenario and globalisation of the economy will create more confidence in the persons dealing with the company. it is pointed out that dilution of investment in ggcl and acquisition of shares in nocil sold by shell has no relevance to the scheme. it is pointed out that nocil was jointly promoted by mil ..... to march 31, 1993. they have, in para 9.3, noticed that the paid-up capital of mf, on giving effect to the fact that the company has furnished a guarantee to financial institutions and banks on behalf of meil, would work out to rs. 31.49 crores as on march 31, 1993. mil holds 12,06,914 ordinary shares of rs ..... a matter of the commercial wisdom of the shareholders. the approach of the court in such matters is pointed out by the calcutta high court in the case of united bank of india ltd. v. united india credit and development co. ltd. [1977] 47 comp cas 689 wherein it is pointed out by the court that in sound exercise of its .....