Banking And Constitution - Law Dictionary Search Results
Reserve Bank
Reserve Bank, means the Reserve Bank constituted under s. 3 of the Reserve Bank of India Act, 1934. [See Reserve … Reserve Bank, means the Reserve Bank constituted under s. 3 of the Reserve Bank of India Act, 1934. [See Reserve Bank of India Act, 1934,
Court
is 'a court' within the scope of s. 45C of the Banking Companies Act, Ram Narain v. Simla Banking and Industrial Co. Ltd., AIR 1956 SC 614 (624): 1957 SCR 220. [Banking Companies Act, (10 of 1949), s. … functions and as such are subject to the overriding jurisdiction of this court under Art. 136 of the Constitution. Their powers are derived from the statute that creates them and they have to function within the limits
Public sector bank
State Bank of India (Subsidiary Banks) Act, 1959, a corres-ponding new bank constituted under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or under s. 3 of the Banking Companies (Acquisition and … Public sector bank, means the State Bank of India constituted under the State Bank of India Act, 1955, a subsidiary bank as defined in the State Bank of
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Property
only assets, but the organisation, liabilities and obligations of a going concern as a unit. Undertaking of a banking company is property, R.C. Cooper v. Union of India, AIR 1970 SC 564: 1970 (2) SCC 248. (See … even intangible, including debts and chooses in action such as unpaid accumulation of wages, pension, cash grants, and constitutionally protected privy purse, See M.M. Pathak v. Union of India, AIR 1978 SC 802. Decree is to be
Bank
or partnership consisting of more than ten members shall be formed for the purpose of carrying on a banking business unless it is registered under the Act or formed in pursuance of an Act of Parliament or … 5; 44 Geo. 3, c. 23; 9 Geo. 4, c. 65. (a) means the Reserve Bank of India constituted by this Act. [Reserve Bank of India Act, 1934 (2 of 1934), s. 2 (aii)] means-- (i) a
Savings banks
Savings banks, institutions for the safe custody and increase of the small savings of the poor. See Chitty's Statutes, tit. … Trustee in opening accounts, see Post Office Savings Bank (Public Trustee) Act, 1908. (3) Military Savings Banks are constituted under 22 & 23 Vict. c. 20, repealing former Acts. The (English) Naval Savings Bank Act, 1869, established
Banking
Matched in: Term Banking
Confirming bank
Confirming bank, when an issuing bank authorises requests another bank to confirm its irrevocable credit and the latter has added … authorises requests another bank to confirm its irrevocable credit and the latter has added its confirmation, such confirmation constitutes a definite undertaking of such bank ('the confirming bank'), Halsbury's Laws of England, Vol. 3(1), para 262, p.
Chairman
(1995) 4 SCC 611 (631). (Constitution of India, Art. 324) Means the person appointed in accordance with the Banking Act, 1987, s. 28, Halsbury's Laws of England, Vol. 3(1), para 62, p. 57 [Banking Appeal Tribunal Regulation
Deposit
balances due to a depositor (other than a foreign Govern-ment the Central Government a State Government or a banking company) in respect of all his accounts, by whatever name called, with a banking company and includes credit … s. 5. A deposit of title-deeds as a security for the repayment of a borrowed sum of money constitutes an equitable mortgage which does not require registration to establish its validity or priority of effect, see LAND
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