Judgment Search Results Home > Cases Phrase: state bank of india act 1955 section 43 a bonus Page 1 of about 40,781 results (0.340 seconds)

The Chief General Manager State Bank of India Vs. the Presiding Office ...

Court : Chennai

Reported in : (1987)ILLJ66Mad; (1991)IIMLJ93

..... 1955, when the bank was constituted under the state bank of india act, 1955 (act 23 of 1955), the previous body was imperial bank of india, which again stood constituted under the imperial bank of india act ..... the all india state bank of india staff federation being a federation of the state bank of india employee's association and/or unions registered under the indian trade union act and having its office at 13, crooked lane, calcutta, and representing the workmen staff of the bank (hereinafter called 'the federation') has demanded that the workmen staff of the bank should be paid a minimum bonus of 100 days' basic pay ..... is better that the short recital of the case and the terms of settlement stand extracted as follows : 'short recital of the cases : the state bank of india (hereinafter called 'the bank') has made 'on account' payment to its workmen staff towards bonus for the accounting year 1972 of amounts computed at the rate of a month's basic salary as at the end of 30th june, 1972 and another ..... 'preamble : the state bank of india (hereinafter called 'the bank') and the all india state bank of india staff federation, being a federation of the state bank of india employees associations and/or unions registered under the indian trade unions act and having its office at 13, crooked lane, calcutta and representing the workmen staff of the bank (hereinafter called 'the federation') have discussed the rate at which bonus shall be payable by the bank to its workmen ..... section 17 of the act .....

State Bank Staff Union Madras Circle Rep. by Its General Secretary, V. ...

Court : Chennai

Reported in : (2001)ILLJ846Mad

..... by that amending act, a new section 43a comprising of three sub sections (1), (2) and (3) was introduced in the state bank of india act, 1955. ..... the statement of objects and reasons, which accompanied the bill which later became the amending act, reads thus: 'in an award notified on 14.1.1984, the central government industrial tribunal, madras held that the employees of the state bank of india covered by the award should be paid bonus at the rate of one month's substantive pay every half year on the ground that this has all along been the custom and practice. ..... even after the constitution of the state bank of india, bonus was paid to the award staff at the same rate of one month's pay for each half year. ..... it appears to have paid bonus at the rate of one month's pay till the year 1944, from which year and till the transfer of it's undertaking to the state bank of india, it paid bonus at the rate of one month's pay, for each half year. ..... (b) are the members of the award staff of state bank of india entitled to receive annual bonus of two months' basic wages (as drawn on 30th june and 31st december respectively) irrespective of the salary, as a customary bonus. ..... all public sector banks including the state bank of india come under the purview of the payment of bonus act, 1965, and the intention is that no bonus other than what is required to be paid under the payment of bonus act, 1965, shall be paid to the employee of the state bank of india or of any other public sector bank. .....

State Bank's Staff Union (Madras Circle) Vs. Union of India (UOi) and ...

Court : Supreme Court of India

Reported in : AIR2005SC3446; 2005(5)CTC629; [2005(107)FLR737]; JT2005(8)SC315; (2005)IIILLJ854SC; (2005)7SCC584

..... is proposed to make express provisions in this behalf in the state bank of india act, 1955 and the enactment relating to the other public sector banks.the bill seeks to achieve the above objects. ..... similar provisions numbered as section 12a were introduced in the banking undertakings acts.the statement of objects and reasons, which accompanied the bill which later became the amending act, reads thus:'in an award notified as 14.1.1984, the central government industrial tribunal, madras held that the employees of the state bank of india covered by the award should be paid bonus at the rate of one month's substantive pay every half year on the ground that this has also along been ..... writ petition filed against this award is pending in the madras high court.all public sector banks including the state bank of india come under the purview of the payment of bonus act, 1965, and the intention is that no bonus other than what is required to be paid under the payment of bonus act, 1965, shall be paid to the employee of the state bank of india or of any other pubic sector bank. ..... position which is almost undisputed is as follows:-by the amendment act, state bank of india act, 1955 (in short the 'state bank act') and state bank of india (subsidiary banks) act, 1959 (in short the 'subsidiary act') and banking companies (acquisition and transfer of undertakings) acts, 1970 and the banking companies (acquisition and transfer of undertakings) act, 1980 (in short 'the undertakings acts') were amended. .....

Maharashtra State Electricity Board Vs. M.C. Chitale and Others

Court : Mumbai

Reported in : [1980(41)FLR199]; (1981)ILLJ462Bom

..... few such enactments are : the warehousing corporation act, 1962, the agricultural refinance corporation act, 1963, the industrial development bank of india act, 1964, the unit trust of india act, 1944, the food corporation act 1964, the bank of india act, 1955, the life insurance corporation act, 1946, the deposit insurance corporation act, 1961, and the oil and natural gas commission act, 1959. ..... point of some importance regarding the applicability of the payment of bonus act, 1965, ('bonus act' for short) to the maharashtra state electricity board, is involved in the present petition.2. ..... section 63 authorises the state government, with the approval of the state legislature from time to time, to make subventions to the board for the purposes of the act on terms and conditions to be fixed by the state government. ..... in terms of that section the board shall not, as far as practicable and after taking credit for any subventions from the state government carry on its operation under the act at a loss and shall adjust its charges accordingly from time to time. ..... sixth and seventh schedules in terms contemplate for making profit and its utilisation in a particular manner, section 80 provides that the corporation shall be deemed to be a company within the meaning of the income-tax act and shall be liable to pay income-tax. .....

State Bank of India Staff Union and ors. Vs. State Bank of India

Court : Chennai

Reported in : (1984)ILLJ306Mad

..... ) award staff are entitled and (2) are the members of the award staff of state bank of india entitled to receive annual bonus of two months basic wages (as drawn on 30th june and 31st december respectively) irrespective of the salary as a customary bonus or as an implied condition of service or as deferred wage, if so what relief the workmen are ..... , (1) whether the action of the management of state bank of india in stopping the payment of one month's wages as drawn on 30th june and 31st december respectively by way of bonus annually with effect from the second half of 1975 is justified, legal and valid, if not to what relief ..... according to the allegations in the separate claim statements of state bank of india staff union, madras, state bank employees' union, madras and state bank workmen staff union, madras, the imperial bank of india which was the predecessor-in-interest of the respondent-bank used to close their books and accounts and declare dividends at the close of the each half year ending on 30th june and 31st ..... the state bank employees union will add that the respondent has not given any notice under section 9-a of the industrial disputes act, 1947 to withdraw the right of the workmen to receive customary bonus and hence their action is illegal, or all or any of these reasons therefore it is prayed that the respondent should be directed to pay all award staff, two months' basic pay as drawn on 30th june and ..... transfer of the imperial bank to the state bank of india in 1955. .....

Maharashtra State Electricity Board, Bombay Vs. Its Workmen (Excluding ...

Court : Mumbai

Reported in : (1968)IILLJ552Bom

..... in the same way the state bank of india act, 1955 (23 of 1955), the life insurance corporation act, 1956 (31 of 1956), the deposit insurance corporation act, 1961 (47 of 1961), and the oil and natural gas commission act, 1959 (43 of 1959), all refers to capital or share capital. ..... 32 of the bonus act exempting the employees employed by the reserve bank of india from the operation of the payment of bonus act. ..... if the legislature intended to exempt the central electricity board or the state electricity board from the operation of the bonus act, they would certainly have specifically listed them under one of the clauses. 20. ..... section 63 speaks of sub-venations made to the board and provides that the state government with the approval of the state legislature may from time to time make sub-venations to the board for the purposes of this act on such terms and conditions as the state government may determine. ..... section 64 provides that the state government may from time to time advance loans to the board on such terms and conditions, not inconsistent with the provisions of the act, as the state government may determine. ..... section 5 of the electricity (supply) act empowers the state government to constitute a state electricity board but that does not necessarily mean that the board is an establishment in the public sector power to constitute a board is one thing and the nature and complexion of the board is another. ..... section 2 of the bonus act is a defining section. .....

Shamim Ahmed Vs. State of Punjab and Another

Court : Punjab and Haryana

..... the notification expressed in the name of the governor of punjab recorded satisfaction of the state government that muslim members belonging to the categories mentioned in clause (i) and (iii) of section (b) of section 14 of the said act are not available and as such it is not practicable to constitute an electoral college for any of these categories. ..... union territory of delhi shall consist of - (a) a chairperson; (b) one and not more than two members, as the state government may think fit, to be elected from each of the electoral colleges consisting of- (i) muslim members of parliament from the state or, as the case may be, the union territory of delhi' (ii) muslim members of the state legislature, (iii) muslim members of the, bar council of the state, and (iv) mutawallis of the wakfs having an annual income of rupees one lakh and above. ..... has issued the impugned notification dated 9.9.2010, which according to the petitioner is in complete contravention of law and the principles of natural justice, the respondent state has issued the impugned notification, annexure p-4, whereby changes were made in the nominations of members of the punjab wakf board. ..... initially vide notification dated 14.12.2009 appointment was made under section 14(1)(b)(iv) of the wakf act, 1955. .....

Dineshchandra Jamnadas Gandhi Vs. State of Gujarat and anr.

Court : Supreme Court of India

Reported in : AIR1989SC1011; 1989CriLJ889; 1989(40)ELT230(SC); (1989)1GLR483; JT1989(1)SC83; (1989)95PLR364; 1989(1)SCALE92; (1989)1SCC420; [1989]1SCR138

..... 941 referring to the nature of offences under the food and drugs act, 1955, it was said:as is well known, section 2 of the food and drugs act, 1955, constitutes an absolute offence. ..... clearly the offence contemplated in section 2(1) of the food and drugs act 1955 is an absolute offence if all that is meant by that is an absence of mens rea. ..... are 'fruit juice'-'tomato juice' ; fruit syrup' ; ''fruit squash', 'fruit beverage', or fruit drinks ; tomato sauce'; 'tomato ketchup'; 'tomato relish' , 'marmalade' , 'fruit chatni', 'sauce' etc the object and the purpose of the act are to eliminate the danger to human life from the sale of unwholesome articles of food the legislation is on the topic 'adulteration of food stuffs and other goods' (entry 18 list iii seventh schedule). ..... by this petition for grant of special leave under article 136 of the constitution, coming up after notice to the state of gujarat, the applicant seeks leave to appeal to this court from the judgment of the high court of gujarat in criminal appeal no. ..... and size similar to that of the peas beat the screening-machine and also managed, by virtue of its colour and shape, to escape the surveillance of the alert visual-inspectors, who, it is said, were also paid a bonus if they detected and extracted any extraneous-matter. ..... santatau (at page 111); in 'wealth of india raw-materials' vol. ..... we have had our attention drawn by sri ganatra to certain passages in 'common trees of india' by dr. .....

itty Kurian and anr. Vs. Union of India (Uoi) and ors.

Court : Kerala

Reported in : AIR1962Ker267

..... sub-section (1) of section 2 therein defines a 'bank' as a banking company as defined in section 5(c) of the banking companies act, 1949 -- central act x/1949 and includes the state bank of india.again, sub-section (7) of section 2 defines 'money-lender' as a person whose main or subsidiary occupation is the business of advancing and realising loans, but excludes a bank or a co-operative society. mr. ..... further alleges_ that by virtue of section 49-a of the banking companies act 1949 -- act 10/1949, all persons, other than a banking company, the reserve bank, the state bank of india and any other banking institution notified by the central government, have been prohibited from accepting, from the public, deposits of money withdrawable by cheque, and it is also alleged that section 49-a of the act is ultra vires and void.4. ..... the state bank of india, which really is a successor to the original imperial bank of india, is functioning under a similar statute namely, central act xxxii/1955. ..... :'the true meaning, scope and effect of article 14 of our constitution have been the subject-matter of discussion and decision by this court in a number of cases beginning with the case of air 1951 sc 41; (s) air 1955 sc 191; a constitution bench of seven judges of this court explained the true meaning and scope of that article. ..... state of bihar, (s) air 1955 sc 661 at page 674; r. ..... state of bihar, (s) air 1955 sc 191, his lordship ..... 1951 sc 318, air 1953 sc 404; air 1954 sc 314; and (s) air 1955 sc 191. .....

Shri Ambica Mills Ltd. No. 1 Vs. the Textile Labour Association, Ahmed ...

Court : Supreme Court of India

Reported in : AIR1973SC1081; [1973(26)FLR4]; (1973)ILLJ102SC; (1973)3SCC787; [1973]3SCR123

..... the payment of bonus act, section 2(9) defines a company as follows :(9) 'company' means any company as defined in section 3 of the companies act, 1956, and includes a foreign company within the meaning of section 591 of that act; a corporation is defined in section 2(11) as 'any body corporate established by or under any central, provisional or state act but does not include a company or a co-operative society'. ..... for instance we have a reserve bank of india; we had an imperial bank of india; we have now state banks. ..... 83, page 760 gives the following under the heading of subsidy :something, usually money, donated or given or appropriated by the government through its proper agencies; a grant of funds or property from a government, as of the state or a municipal corporation, to a private person or company to assist in the establishment or support of an enterprise deemed advantageous to the public; a subvention.pecuniary premiums offered by the government to persons enlisting in the public service, or engaging in particular industries, or performing specified ..... the above decision of the bombay high court referred to the reserve bank of india, imperial bank of india and state banks. ..... : (1955)iillj755bom in discussing this question the learned judges said:but what, in our opinion, the notification contemplates is not incorporation under any law but by an indian law, which means that a special law should incorporate .....