Judgment Search Results Home > Cases Phrase: banking companies acquisition and transfer of undertakings act 1970 chapter 1 preliminary Sorted by: old Page 1 of about 591 results (0.402 seconds)

Syndicate Bank Vs. Small Farmers, Marginal Farmers, Scheduled Caste an ...

Court : Karnataka

Reported in : [1992]75CompCas405(Kar); ILR1990KAR2925; 1990(2)KarLJ475

..... (i) a banking company as defined in the banking regulation act, 1949 ; m(ii) the state bank of india constituted under the state bank of india act, 1955 ; (iii) a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959 ; (iv) a corresponding new bank constituted under the banking companies (acquisition and transfer of ..... undertakings) act, 1970 ; ' clause (f) of this act (2 of 1975) defines 'financial assistance' as : '(f) 'financial assistance', for the purpose of this act, means assistance granted whether by way of loans, advances, guarantee or otherwise for agricultural purposes.' in the instant case, the plaintiff, syndicate bank ..... a provision is made in the act. thus examined, the court below was right in holding that the suit by the plaintiff-bank was not maintainable. 10. mr. aswathram, however, contended that the suit having been based on acknowledgment dated april 3, 1984, .....

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 .....

United Bank of India Vs. Ram Raj Goala

Court : Kolkata

..... said case that whatever may have been the position with regard to the validity of the rules before the banks were acquired under the banking companies (acquisition and transfer of under takings) act, 1970, after such acquisition the banks had become the state within the meaning of article 12 of the constitution. it was held-that formerly rules ..... 115 of the code of civil procedure.6. mr. ganguly next contended that under the provisions of section 3(4) of the banking companies (acquisition and transfer of undertakings) act, 1970 the bank in question became a body corporate and under the provisions of section 12(2) of the said act, every officer or other employees ..... owe its existence to a statute. relying on the aforesaid decision, mr. ganguly contended that under the banking companies (acquisition and transfer of undertakings) act it was held that unless duly changed, the employees of the bank will continue to hold their services on the same terms and conditions as were existing on the date .....

Union Bank of India and Ors. Vs. Additional Commissioner for Workmen's ...

Court : Chennai

Reported in : (1984)ILLJ456Mad

..... ) of the tamil nadu shops and establishments act, establishments under the central and state government are totally exempted from the applicability of the shops act and that the petitioner-bank, constituted under the banking companies (acquisition and transfer of undertakings) act, 1970 (central act no. 5/70) (hereinafter referred to as 'the 1970 act'), being an establishment under the central govt., the appeal itself ..... was not maintainable. on the said plea, arguments were heard by the appellate authority who ultimately held that the appeal is maintainable as the petitioner-bank is not an establishment under .....

Survodaya Mills Workers Union Vs. State of Karnataka and Others

Court : Karnataka

Reported in : AIR1994Kant256; ILR1994KAR687

..... state government or the state bank of india, constituted under the state bank of india act, 1955, a subsidiary bank asdefined in the state bank of india (subsidiary banks) act, 1959, or a corresponding new bank constituted under the banking companies (acquisition and transfer of undertakings) act, 1970 or a banking company as defined in the banking regulation act, 1949, or ..... the urban land equitably; and (iii) to regulate the construction of buildings on the urban lands. consistent with these objectives, the act provides for acquisition of all urban vacant land in excess of the ceiling limit and prohibits its transfer in any form absolutely. all that the act permits in the case ..... thecompensation. sections 12, 13, 14, 15, 16, 17 and 18 provide for constitution of tribunals second appeal to the high court and consequences of future acquisition, power of competent authority to enter upon any vacant land, consequences of concealment, and the application of the act to certain lands, etc., s. .....

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 .....

Shri Asseem Paul Vs. Uco Bank

Court : Delhi

Reported in : 132(2006)DLT460

..... v since 2001. he challenges denial of his promotion in the years 2001, 2002 and 2003. the respondent bank has framed uco bank (officers') service regulations, 1979 under section 19 read with section 12(2) of the banking companies (acquisition and transfer of undertakings) act, 1970. chapter iv of these regulations deal with appointment, probation, confirmation, ..... is given up, the distribution of marks isfor performance 60; andfor interview 40.------total 100for assessing the performance the following practice has been observed by the bank. the annual performance appraisal report or the par is recorded on a prescribed form. the first part of the form is filled by the appraisee ..... give his assessment of the appraisee. the reviewing authority then makes his own assessment and records the same in the same form. another circular of the bank dated 18.10.1997, inter alia, prescribes that officers working in branches should submit their par to the branch manager, officers working in the regional .....

Ramachandrappa Vs. the State of Karnataka and Others

Court : Karnataka

..... purpose is denied. the failure of the industrial entrepreneurs to hold private negotiations with the petitioner, even if it is true, does not vitiate the acquisition. therefore they sought for dismissal of the writ petition. 7. however the impleading applicant nor the government filed any statement of objections. 8. the ..... means: industrial infrastructural facilities means facilities which contribute to the development of industries established in industrial area such as research and development, communication, transport, banking, marketing, technology parks and townships for the purpose of establishing trade and tourism centres; and any other facility as the state government may be notification ..... of great eastern hotel (taking over of management) act, 1980, the undertaking of the company, i.e., the great eastern hotel was taken over by the government and transferred the undertaking of the company to the authority constituted under section 5 of the act. the occupants of the hotel were .....

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 .....

M/S. Century Central Vs. State of Karnataka, Urban Development Departm ...

Court : Karnataka

..... purpose is to subserve the industries in the industrial area and is therefore incidental thereto. 68. but there cannot be acquisition of land per se for the purpose of establishing educational institutions, banks or other amenities notified by the state government in its notification dated 13/03/1991, gazetted on 09/05/1991 ..... of an industry or an infrastructural facility must be the purpose and object of acquisition of land, in case land has to be necessarily acquired from private persons. such acquisition can be at the instance of an entrepreneur or a company who proposes to set up an industry or an infrastructural facility in an ..... authority or authorities in connection with setting up an industrial undertaking in the state. xxx (vi) 'entrepreneur' means a person or body of persons or a company, having majority investment or controlling interest in an industrial or undertaking. (emphasis supplied) (vii) industrial undertaking' means an undertaking engaged in manufacturing or processing or .....