Judgment Search Results Home > Cases Phrase: banking companies acquisition and transfer of undertakings act 1970 chapter 1 preliminary Sorted by: old Page 3 of about 591 results (0.078 seconds)

Mrs. Maneka Gandhi Vs. Union of India (Uoi) and anr.

Court : Supreme Court of India

Reported in : AIR1978SC597; (1978)1SCC248; [1978]2SCR621

..... . 8 of 1969 transferring to and vesting the undertaking of 14 names commercial banks in the corresponding new bank under the ordinance. subsequently, the parliament, enacted banking companies (acquisition of transfer of undertaking) act, 1969. the object of the act was to provide for the acquisition and transfer of the undertakings of certain banking companies in conformity with the national policy and objectives and for matters corrected therewith ..... and incidental thereto. the petitioners before the supreme court who held shares in some of the named banks or had accounts current .....

Commissioner of Income-tax Vs. Anup Kumar Kapoor and ors.

Court : Kolkata

Reported in : [1980]125ITR684(Cal)

..... who are, no doubt, protected under the rent control legislations.36. in rustom cavasjee cooper : [1970]3scr530 , the supreme court was dealing with the banking companies (acquisition and transfer of undertakings) act, 1969, and considered what would be the fair compensation where the property was compulsorily acquired and not what would be the ..... in rustom cavasjee cooper v. union of india : [1970]3scr530 . one of the questions involved in this case was whether compensation payable under the banking companies (acquisition and transfer of undertakings) act, 1969, meant a just equivalent in money of the property acquired or did not mean such just equivalent and if the ..... the important methods of determination of compensation are 3 (i) market value determined from sales of comparable properties, proximate in time to the date of acquisition, similarly situate, and possessing the same or similar advantages and subject to the same or similar disadvantages. market value is the price the property may .....

The Punjab National Bank Ltd. Vs. Panchsheela Industrial Co-operative ...

Court : Delhi

Reported in : ILR1979Delhi300

..... national bank limited, a company registered under the indian companies act. by the banking companies (acquisition and transfer of undertakings) act 1969, this bank, along with many others, was nationalised. the undertaking of every such existing bank was transferred to and vested in a corresponding new bank. the new bank corresponding ..... to the plaintiff was named simply 'punjab national bank', by an order 303 dated 23rd september 1969, the punjab national bank ..... the managers or other officers or employees at the head office or any branch for the time being of the company to exercise and perform all or any of the powers conferred upon the directors. on 20th february 1959, the board .....

In Re: the Special Courts Bill, 1978

Court : Supreme Court of India

Reported in : AIR1979SC478; (1979)1SCC380; [1979]2SCR476

..... people themselves who entrust power to those whom they elect. abuse and misuse of authority can take many forms. it can result in self-aggrandisement by the acquisition of more authority by those put in power and the use of that authority for eliminating political and personal opponents. such abuse of authority paves way to ..... becomes a law. the court should not be driven to imagine a challenge and save it or slay it on hypothetical considerations. as observed in hamilton street railway company [1903] a.c. 524 speculative opinions on hypothetical questions are worthless and it is contrary to principle, inconvenient and inexedient that opinions should be given upon ..... state government to direct 'offences', 'classes of offences', or 'classes of cases' to be tried by the special court.68. in lachmandas ahuja,(supra) a bank dacoity case was referred for trial to a special judge by the bombay government under section 12 of the bombay public safety measures act, 1947 which was precisely in .....

Swadeshi Cotton Mills Co. Ltd. and ors. Vs. Union of India and anr.

Court : Delhi

Reported in : ILR1979Delhi387

..... or hearing. if any authority is required for this proposition, then one is readily available in the banking companies act, 1949, sec. 38, provides that if the reserve bank applies for the winding up of a bank, the high court shall order the winding up. there was no opportunity to show cause given to the ..... peculiar position that the apex banking bodies enjoyed in the two countries. moreover, the provisions of the banking companies act, now known as the banking regulations act, provide for a continuing dialogue between the reserve bank on the one hand and the banking institutions on the other. under the banking regulations act, the reserve bank is empowered, an,d ..... also be made to joseph kuruvilla vellukunnel v. reserve bank of india and others, : air1962sc1371. there a provision in the banking companies act provided that if an application for winding up is made by the reserve bank, the high court shall order the winding up of the bank. the provision was challenged as being vocative of .....

Bank of India Officers Assn. and ors. Vs. Bank of India and anr.

Court : Madhya Pradesh

Reported in : (1979)IILLJ401MP; 1979MPLJ561

..... petitioners 2 to 4 are officer-employees of the said bank. the petitioners challenge the validity of bank of india officer employees' (conduct) regulations, 1978, and bank of india officer-employees' (discipline and appeal) regulations, 1976.2. the bank of india limited was a company with limited liability constituted and incorporated under the companies act, 1882. by the banking companies (acquisition and transfer of undertakings) act, 1970, the existing ..... banks, including the bank of india ltd., specified in column 1 of the first schedule were nationalised. section 3 .....

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 .....

Amitava Bhattacharya and anr. Vs. Union of India (Uoi) and ors.

Court : Kolkata

..... citizens cannot be share-holders. certain specified institutions like scheduled banks, insurance companies, investment trusts and co-operative banks may apply for the shares. the central government may acquire shares held by share-holders other than the development bank. after such acquisition the government may direct that the entire undertaking of the ..... the financial powers, the audit of accounts, the returns, the capital, the borrowing powers, the dissolution of the commission and acquisition of land for the purpose of the company and the powers of entry are all authority and agency of the central government. (paragraph 44)15. in respect of the ..... corporation shall be vested in the development bank. the corporation cannot be .....

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 .....

Warner Hindustan Ltd. and anr. Vs. Income-tax Officer and ors.

Court : Andhra Pradesh

Reported in : [1982]134ITR158(AP)

..... on by it; (ii) it was not, previous to the date of its acquisition by the indian company, owned and used in indian territorial waters by a person resident in india; and (iii) it is brought into use by the india company at any time within a period of twenty-three years next following april 1, ..... that with a view to encourage entrepreneurs and aid rapid industrial growth, the welfare state is coming forward in a big way to advance moneys through banks and other financial institutions for setting up new industrial undertakings. in the case of technically qualified but unemployed persons huge amounts are advanced from financial institutions ..... - (i) 'approved source' means the government or the industrial finance corporation of india or the industrial credit and investment corporation of india ltd., or any banking institution or any person in a country outside india or any of the following financial institutions, namely:- (a) a state financial corporation established under the state financial .....