Judgment Search Results Home > Cases Phrase: deposit insurance and credit guarantee corporation act 1961 section 31 reserve fund Court: kolkata Page 1 of about 198 results (0.190 seconds)

National Textile Corporation (Wbabo) Ltd. and anr. Vs. the Learned Jud ...

Court : Kolkata

Reported in : (2007)2CALLT567(HC),[2007(115)FLR1097]

..... 1956), or 2-[the oil and natural gas corporation limited registered under the companies act, 1956 (1 of 1956)], or the deposit insurance and credit guarantee corporation established under section 3 of the deposit insurance and credit guarantee corporation act, 1961 (47 of 1961), or the central warehousing corporation established under section 3 of the warehousing corporations act ..... under section 3 of the national housing bank act, 1987 (53 of 1987)], or 4/2 [an air transport service, or a banking or an insurance company,] a mine, an oil field,) 5-[a cantonment board,] or a central government, and](ii) in relation to any other industrial dispute, the state ..... industrial finance corporation of india limited formed and registered under the companies act, 1956 (1 of 1956) or the employees' state insurance corporation established under section 3 of the employees' state insurance act, 1948 (34 of 1948), or the board of trustees constituted under section 3a of the coal mines provident fund and .....

Reserve Bank of India and ors. Vs. Shri Mihir Chakraborty and ors.

Court : Kolkata

..... was moved assailing the dissolution of the board of directors of a cooperative society who is dealing with the banking business being an insured cooperative bank within the meaning of clause (i) of section 2 of the deposit insurance and credit guarantee corporation act, 1961, hereinafter for brevity referred to as 'dicg act', by the registrar, cooperative society, west bengal in terms of section ..... sanction of the reserve bank of india and without compliance with the requirements of the deposit insurance corporation act, 1961 (47 of 1961).explanation. - 'insured co-operative bank' shall mean a cooperative bank which is an insured bank within the meaning of clause (1) of section 2 of the deposit insurance corporation act, 1961.19. as the reserve bank of india has the control as supervising .....

Indian Institute of Technology and anr. Vs. State of West Bengal and o ...

Court : Kolkata

Reported in : (2001)ILLJ868Cal

..... and natural gas commission established under section 3 of the oil and natural gas commission act, 1959 (43 of 1959), or the deposit insurance and credit guarantee corporation established under section 3 of the deposit insurance and credit guarantee corporation act, 1961 (47 of 1961), or the central warehousing corporation established under section 3 of the warehousing corporations act, ..... institute in each financial year such sums of money and in such manner as it may think fit. 22(2) all moneys credited to the fund of any institute shall be deposited in such banks or invested in such manner as the institute may with the approval of the central government, decide. 24(2) ..... reconstruction bank of india limited, the national housing bank established under section 3 of the national housing bank act, 1987 (53 of 1987), or a banking or an insurance company, a mine, an oilfield, a cantonment board, or a major port, the central government, and (ii) in relation to any other industrial dispute, the .....

Subrata Sarkar and anr. Vs. Union of India (Uoi) and ors.

Court : Kolkata

Reported in : AIR1986Cal198,88CWN885

..... operative societies act 1973 (herein after called the state act, 1973).(ii) the respondent 6 co-operative bank was registered as an insured bank under the deposit insurance and credit guarantee corporation act 1961 (hereinafter called deposit insurance act 1961) with effect from 1-9-1976 and as no approval of the reserve bank of india was obtained by the ..... the relevant time a primary co-operative bank governed by part v of the banking regulation act 1949 and that it was registered as an insured bank in terms of section 13a of the deposit insurance act, 1961 (vide annexure 'c' to the affidavit of the respondent 6). the application for amendment is, therefore, allowed. notice of ..... . mr. chatterjee has also contended that the co-operative bank in this case does not come within the definition of 'insured cooperative bank' within the meaning of clause (i) of section 2 of the deposit insurance act 1961 read with clause 'gg' thereof. but it is not necessary to deal with that question as i hold .....

Garden Reach Shipbuilders and Engineers Ltd. Vs. Second Industrial Tri ...

Court : Kolkata

Reported in : 2012(3)LLN199(DB)

..... 1956), or [the oil and natural gas corporation limited registered under the companies act, 1956 (1 of 1956)], or the deposit insurance and credit guarantee corporation established under section 3 of the deposit insurance and credit insurance corporation act, 1961 (47 of 1961), or the central warehousing corporation established under section 3 of the warehousing corporations act, ..... bank established under section 3 of the national housing bank act, 1987 (53 of 1987)] or an [ { an air transport service, or a banking or an insurance company,} a mine, an oil field,] [ a cantonment board,] or a major port, the central government, and (ii) in relation to any other industrial dispute ..... of authority on the company by central government to carry on the industry in question. 4. after remand, the learned tribunal upon considering the depositions of the witnesses and also considering the submissions of the learned advocate of the respective parties passed the order no. 137 dated 10th september, 2004 .....

international Industrial Gases Limited Vs. Union of India (Uoi) and or ...

Court : Kolkata

..... principal borrower or any sister concern of such borrower. it is the argument of the respondent no. 2 [paragraph 3(viii) of a.o.] that as a credit risk insurer they have unassailable right to assess risk that are offered to it for cover and to decline such risk that are patently uninsurable or found to be bad risk and ..... prevent the banks from advancing any amount they wish to those exporters included in the sal at their own risk. but as a credit risk insurer this respondent has the unassailable right to assess the credit risk that are offered to it for cover and to decline such risks that are patently uninsurable or found to be bad risk and ..... notice to the borrower who is a terminal beneficiary of the transaction involving insurer and the bank, the insurer does not violate any principle of natural justice. in 1989 (1) scc 229 the petitioner was a government contractor who was blacklisted without notice as he did not deposit the dak amount being the highest bidder in the auction sale. such .....

Eastern Agency Vs. Life Insurance Corporation of India

Court : Kolkata

Reported in : AIR1970Cal193

..... workers under it, which would secure the initial deposits from the parties and which would also strictly carry out the instructions issued by the insurance company from time to time. paragraph 3 of the agreement also prohibits the plaintiff from collecting premium or pledging the credit of the insurance company or in any way vary the terms of ..... the contract of insurance. mr. sen submitted that these clauses clearly showed that the duties of the plaintiff firm under the said agreement was ..... for the conduct of all the field workers under its organisation and was directed to secure the deposits from the parties in advance along with the proposal. the plaintiff firm also undertook not to represent any other life insurance company nor to divulge any of the business secrets of the company. these terms leave no doubt .....

Daga and Co. (P.) Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Reported in : [1997]227ITR480(Cal)

..... for determination in this case is as to whether the amounts on which interest was paid by the assessee-company in all these three years were deposits or were the cash credits in the current account or in the course of business of the company. to constitute a currentaccount or an account in the course of business ..... the company and the account-holder. the only debit entries in the accounts were in respect of statutory payments made to the government or to the life insurance corporation. there are no mutual transactions between the assessee-company and the depositors. the findings of fact made by the tribunal have not been challenged as ..... accounts shows that they were not current accounts. there are credit entries of cash balance and the amount of interest accrued and also the amounts of dividends received from, other companies. on the debit side, only payment to certain persons on their behalf, viz., to the life insurance corporation, the municipal corporation, etc., and tax deducted at .....

Radha Kanta Pal Vs. United Bank of India Ltd.

Court : Kolkata

Reported in : AIR1955Cal217

..... defendant nishikanta is rs. 3513-2-0 for which the bank claims to be reimbursed out of the other g. p. note as security deposit and the sum of rs. 306/- being the surrender value of the insurance policy of nishikanta and a further sum of rs. 294-14-3 being the outstanding balance of the provident fund of the defendant nishikanta ..... defendant nishi kanta pal is concerned and must therefore be accepted as against him. as against the plaintiff these two amounts being the proceeds of the surrender value of the insurance policy and of the provident fund account are admitted by him. therefore, although defendant nishi kanta pal did not himself pay any part of the shortage of rs. 8,800 ..... /- to the comilla banking corporation, credit on his account must be given for the sum of rs. 600-14-3, being the total of the two sums of rs. 306/- and rs. 294-14-3 and .....

Employees' State Insurance Corporation and Anr. Vs. Birla Corporation ...

Court : Kolkata

Reported in : (2005)2CALLT637(HC),2005(3)CHN547,[2005(107)FLR560]

..... a principal employer and the corporation in respect of any contribution or any other dues shall be raised by the principal employer in the employees' insurance court unless he has deposited with the court fifty per cent of the amount due from him as claimed by the corporation. proviso to section 75(2b) of the act ..... moitra, on the other hand, has submitted on behalf of the petitioners that in the instant case jurisdictional error has arisen because the employees' insurance court has reduced the amount to be deposited without recording reasons and such failure to record reasons goes to the root of exercising of jurisdiction as contemplated under proviso to section 75(2b ..... the said notice of demand to defaulters. by the impugned order being order no. 3 dated 22nd september, 2003 the learned judge, employees' insurance court, west bengal directed the opposite party to deposit a sum of rs. 7,000/- by 28th october, 2003 with the corporation who should hold the same in trust and the ultimate .....