Banking Constitution - Law Dictionary Search Results
Legislative relations
concurrent list, Constitution of India, Art. 246(2). In case of conflicts the union law prevails, Prafulla Kumar v. Bank of Commerce, AIR 1947 PC 60.
Quorum
number of members must be present, Committee Constitute quorum would be seven, K.S. Xavier v. Neeloor Service Cooperative Bank Ltd., (1987) 2 Ker LT 480. It means the minimum number of members who must be present for … themselves to fix the quorum for their meetings and if it is not fixed by the authority which constituted it then it is competent for the committee itself to fix the quorum as part of its power
Garnishee
See (English) R.S.C., Ord. XLV. See ATTACHMENT LESS OF DEBTS; FOREIGN ATTACHMENT. A person or constitution (Such as bank) that is intended to or is bailee for another whose property has been subjected to garnishment, Black's Law
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Working group
Working group, means the group constituted by the Reserve Bank for the purpose of considering proposals of export of goods and services on deferred payment terms or in … Working group, means the group constituted by the Reserve Bank for the purpose of considering proposals of export of goods and services on deferred
adopt
as if one's own [[the company] ed the signature on the financing statement "Barber-Greene Co. v. Nat'l City Bank of Minneapolis, 816 F.2d 1267 (1987)"] 3 : to accept formally and put into effect [ a constitutional … Bank of Minneapolis, 816 F.2d 1267 (1987)"] 3 : to accept formally and put into effect [ a constitutional amendment] adopt·able [ə-dÄ p-tə-bəl] adj adopt·abil·i·ty [ə-dÄ p-tə-bi-lə-tē] adv adop·tion [ə-dÄ p-shən] n
Freedom of speech or expression
expression necessarily connotes that what one has a right to express may be communicated to others, All India Bank Employees Association v. National Industrial Tribunal, AIR 1962 SC 171 (181). [Constitution of India, Article 19(1)(a)]
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
Dependencia
Dependencia, people who are dependant. 'World Bank loans and controls, with inevitable dependencia and devaluation of the Indian rupee, Indian community and Indian human, becomes
Court
jurisdiction for executing the decree in question 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 … 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
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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