Court : Chennai
Reported in : (2001)ILLJ846Mad
..... act. 1955 (act 23 of 1955), the undertaking of the imperial bank of india was transferred to the state bank of india ..... state bank of india or of any other public sector bank. it is proposed to make express provisions in this behalf in the state bank of india act, 1955 and the enactments relating to the other public sector banks. 3. the bill seeks to achieve the above objects.' 5. the state bank of india is the successor bank to the imperial bank of india. by the state bank of india ..... or any practice, usage or custom or any contract agreement, settlement, award or other instrument.' 3. in the state bank of india (subsidiary banks) act. 1959, a new section 50a with the marginal heading :bonus: was introduced in identical language. similar provisions .....
Tag this Judgment!Court : Chennai
..... as employees, the person, who had ceased to be in service on or after 29th september 1995 in case of nationalised banks / 26th march 1996 in case of associate banks of state bank of india on account of voluntary retirement under special scheme after rendering service for a minimum period of 15 years, is eligible, to ..... support, learned counsel placed reliance on section 63 of the state bank of india (subsidiary banks) act, 1959, which lists out the procedure for framing of regulation, governing the subsidiary banks. section 63 provides that the state bank of india is competent to make regulations, with regard to the subsidiary banks, by issuing notification in the official gazette, which is ..... that: "(4) employees who ceased to be in service on or after 29th september 1995 in case of nationalised banks / 26th march 1996 in case of associate banks of state bank of india on account of voluntary retirement under special scheme after rendering service for a minimum period of 15 years, shall be .....
Tag this Judgment!Court : Chennai
Reported in : [1997]228ITR789(Mad)
..... a corresponding new bank constituted under s. 3 of the banking companies (acquisition and transfer of undertaking) act, 1970 (5 of 1970). obviously all deposit ..... favour of the deposit office of a bank at the place where the deposit office was situated into the office at which the account stood. the deposit office was/is defined to mean, (i) an office of the reserve bank of india; (ii) a branch or office of the state bank of india and any subsidiary bank of the state bank of india; and (iii) an office or branch of .....
Tag this Judgment!Court : Chennai
Reported in : (1998)147CTR(Mad)192
..... a corresponding new bank constituted under s. 3 of the banking companies (acquisition and transfer of undertaking) act, 1970 (5 of 1970). obviously all deposit ..... favour of the deposit office of a bank at the place where the deposit office was situated into the office at which the account stood. the deposit office was/is defined to mean, (i) an office of the reserve bank of india; (ii) a branch or office of the state bank of india and any subsidiary bank of the state bank of india; and (iii) an office or branch of .....
Tag this Judgment!Court : Chennai
..... a co-operative land mortgage bank, insofar as the word "bank", "banker" or "banking" appears as part of the name of the employer ..... the mutual interest of co-operative banks or co-operative land mortgage banks, or (c) any co-operative society, not being a primary credit society, formed by the employees of (i) a banking company or the state bank of india or a corresponding new bank or a subsidiary bank of such banking company, state bank of india or a corresponding new bank, or (ii) a co-operative bank or a primary credit society or .....
Tag this Judgment!Court : Chennai
Reported in : (1997)IILLJ1118Mad
..... enunciated. on may 30, 198 1, the ministry of finance, department of economic affairs (banking division), government of india issued a letter to all the chairmen and managing directors of nationalised banks as well as to the chairman, state bank of india and the managing directors of seven subsidiary banks of state bank of india on the subject of 'reservation for scheduled castes/scheduled tribes in promotion'. another communication was ..... for in all the writ petitions are broadly identical. on december 31, 1977 'the ministry of finance, department of economic affairs (banking division),. 40 government of india, addressed a letter to all the nationalised banks as well as to the state bank of india and its subsidiary banks intimating them that the ministry has since decided to extend the scheme of reservation in promotions also. 're letter .....
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..... sarfaesi act, respectively: "rdb act: section 2(d): "banks" means-- (i) a banking company; (ii) a corresponding new bank; (iii) state bank of india; (iv) a subsidiary bank; or (v) a regional rural bank;" "sarfaesi act: section 2(c): "banks" means-- (i) a banking company; or (ii) a corresponding new bank; or (iii) the state bank of india; or (iv) a subsidiary bank; or (v) such other bank which the central government may, by notification,* specify ..... shown in the rdb act and the sarfaesi act. while the first four clauses of the definition of the 'bank' i.e. (i) a banking company, (ii) a corresponding new bank, (iii) state bank of india and (iv) a subsidiary bank, are common in both the rdb act and the sarfaesi act, under section 2(c)(v) of the sarfaesi act, the central government had been empowered .....
Tag this Judgment!Court : Chennai
Reported in : 2000(2)CTC609
..... requires.(a) 'banking company' means a banking company as defined in section 5 of the banking regulation act. 1949 (10 of 1949), and includes the state bank of india, any subsidary bank as defined in the state bank of india (subsidary banks) act, 1959 (38 of 1959), any corresponding new bank constituted by section 3 of the banking companies (acquisition and ..... the respondents. in the letter dated 29.1.1998 addressed to the principal/chief secretary/secretary to the government of various states, reserve bank of india, after highlighting the reserve bank of india amendment act, 1997 has given, the following suggestion:- '3. keeping in view the interest of depositors of unincorporated bodies ..... relevant point for the purpose of considering the competence of the tamil nadu legislature. pointing out the said provisions, it is further stated that reserve bank of india act deals not only with the question of deposits, but with recovery also, since it provides for punishment for failure to repay. .....
Tag this Judgment!Court : Chennai
Reported in : [2009]310ITR237(Mad); [2009]178TAXMAN57(Mad)
..... of the income tax act.(6) clause (a) of explanation 1 to section 9(1)(i) states that only such part of the income as is attributable to the operations carried out in india, is taxable in india.(7) the existence of a permanent establishment would not constitute sufficient 'business connection', and the permanent ..... hands of the appellant. on the basis of the guarantee given by the appellant only, the banks in india have lent to the subsidiary company. even to obtain cash credit for aspl, the appellant only gave bank guarantee unless the indian contractor also performs, the contract cannot be completed and onus is on the ..... the non-resident company and the goi undertaking, which involved (1) rendering of consultancy services for the construction of the plant, (2) deputation of design experts to india, (3) assigning of production rights, general and assembly drawings, technical information and other documentation, (4) continual exchange of information about the promise of deliveries and .....
Tag this Judgment!Court : Chennai
..... or other establishments in more than one state, and includes [ the export-import bank of india] [the industrial reconstruction bank of india,] [the industrial development bank of india,] [the small industries development bank of india established under section 3 of the small industries development bank of india act, 19891 the reserve bank of india, the state bank of india, [a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) ..... act, 1970 (5 of 1970) [a corresponding new bank constituted under .....
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