Skip to content


Judgment Search Results Home > Cases Phrase: reserve bank of india act 1934 2 of 1934 section 36 Page 1 of about 22,644 results (0.798 seconds)

Jan 30 2008 (HC)

Choudhry Traders Rep. by Its Proprietor, Mr. Ramdath Choudhry S/O Late ...

Court : Andhra Pradesh

Reported in : 2008(3)ALD670; 2008(4)ALT193

..... banking regulation act, 1949, reserve bank of india act, 1934 etc.28. it is also stated that the bank issued guidelines dated 3rd september 2005 in exercise of the powers conferred under section 36 of the banking regulation act, 1949 to public sector banks at the request of government of india.29. further, it is stated that the public sector banks are governed by statues constituting them like, state bank of india act, 1955, state bank of india (subsidiary banks) act, 1959, banking ..... of 2006, dated 14.2.2006, wherein the learned judge of the madras high court observed as hereunder:on a perusal of the guidelines dated 3.9.2005 issued by the reserve bank of india, i find that the said guidelines do not refer to either section 21 or section 35a of the banking regulation act, or state any terms ..... may be, shall be bound to follow the policy as so determined.(2) without prejudice to the generality of the power vested in the reserve bank under sub-section (1), the reserve bank may give directions to banking companies, either generally or to any banking company or group of banking companies in particulars, (as to, --(a) the purpose for which advances ..... representing the writ petitioner, sri m. narender reddy, learned counsel representing the first respondent and sri m.p. ugle, learned counsel representing the second respondent.2. the counsel for the petitioner had taken this court through the contents of an affidavit filed in support of the writ petition, respective stands taken by r1 .....

Tag this Judgment!

Dec 02 1960 (HC)

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

Court : Kerala

Reported in : AIR1962Ker267

..... as possible and put their savings either in government securities or banks'.60. section 36(2) of the banking companies act, 1949, makes provision for the reserve bank to make annual report to the central government on the trend and progress of banking in the country with particular reference to its activities under clause (2) of section 17 of the reserve bank of india act 1934, including in any sued reports, its suggestions, if any, for ..... the strengthening of banking business throughout the country. accordingly, the reserve bank has sent a ..... report for the period 1949-1932 en-titled 'trend and progress of banking in india. 1949-1952.' in that report in chapter 2 under the heading 'history of banking legislation in india' it is stated .....

Tag this Judgment!

Dec 05 2002 (HC)

Commissioner of Income-tax Vs. Syndicate Bank

Court : Karnataka

Reported in : (2003)180CTR(Kar)1; [2003]261ITR528(KAR); [2003]261ITR528(Karn)

..... average daily balance which it is, or may be, required to maintain under section 42 of the reserve bank of india act, 1934 (2 of 1934), and (ii) every other banking company, in addition to the cash ..... reserve which it is required to maintain under section 18, shall maintain in india,-- (a) in cash, or (b ..... the case of a scheduled bank the balance required under section 42 of the reserve bank of india act, 1934 (2 of 1934), to be so maintained, shall be deemed to be cash maintained in india ; (2a)(a) notwithstanding anything contained in sub-section (1) or in sub-section (2), after the expiry of two years from the commencement of the banking companies (amendment) act, 1962 (36 of 1962),-- (i) a scheduled bank, in addition to the .....

Tag this Judgment!

Dec 05 2002 (HC)

Cit Vs. Syndicate Bank

Court : Karnataka

Reported in : [2003]127TAXMAN287(Kar)

..... reserve which it is required to maintain under section 18, shall maintain in india,(a) in cash, or(b ..... average daily balance which it is, or may be, required to maintain under section 42 of the reserve bank of india act, 1934 (2 of 1934), and(ii) every other banking company, in addition to the cash ..... the case of a scheduled bank the balance required under section 42 of the reserve bank of india act, 1934 (2 of 1934), to be so maintained shall be deemed to be cash maintained in india;(2a)(a) notwithstanding anything contained in sub-section (1) or in subsection (2), after the expiry of two years from the commencement of the banking companies (amendment) act, 1962 (36 of 1962) :(i) a scheduled bank, in addition to the .....

Tag this Judgment!

Nov 12 2002 (HC)

Cit Vs. Catholic Syrian Bank Ltd.

Court : Kerala

Reported in : [2003]130TAXMAN447(Ker)

..... )(a) notwithstanding anything contained in sub-section (1), or in sub-section (2), after the expiry of two years from the commencement of the banking companies (amendment) act, 1962 (36 of 1962) :(i) a scheduled bank, in addition to the average daily balance which it is, or may be, required to maintain under section 42 of the reserve bank of india act, 1934 (2 of 1934), and(ii) every other banking company, in addition to the cash ..... , shall maintain in india,(a) in cash, or(b ..... reserve which it is required to maintain under section 18 .....

Tag this Judgment!

Aug 31 2000 (TRI)

Dy. Cit Vs. Dhanalakshmi Bank Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

..... anything contained in sub-section (1) or in sub-section (2), after expiry of two years from the commencement of the banking companies (amendment) act, 1962 (36 of 1964 (i) a scheduled bank, in addition to the average daily balance which it is, or may be, required to maintain under section 42 of the rbi act, 1934 (2 of 1934), and (ii) every other banking company, in addition to the cash reserve which it is required ..... maintain in india, (b) in gold valued at ..... to maintain under section 18, shall .....

Tag this Judgment!

Aug 31 2000 (TRI)

Deputy Commissioner of Income Tax Vs. Dhanalakshmi Bank Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

..... anything contained in sub-section (1) or in sub-section (2), after expiry of two years from the commencement of the banking companies (amendment) act, 1962 (36 of 1962),-- (i) a scheduled bank, in addition to the average daily balance which it is, or may be, required to maintain under section 42 of the rbi act, 1934 (2 of 1934), and (ii) every other banking company, in addition to the cash reserve which it is required ..... maintain in india,-- (b) in gold valued at ..... to maintain under section 18, shall .....

Tag this Judgment!

Nov 28 1986 (HC)

Reserve Bank of India Vs. Dhanalakshmi Funds (India) Ltd. and anr

Court : Chennai

Reported in : [1987]167ITR658(Mad)

..... , on march 17, 1986, in three criminal revision cases, viz., 34, 35 and 36 of 1986, on his file. those revision peitions came before him under the following circumstances. 2. as per section 45s(1) of the reserve bank of india act, 1934 (2 of 1934), as it stands amended now, hereinafter referred to as 'the act', no person, being an individual or a firm or an unincorporated association of individuals ..... -105, and asian integrated finances and industrial corporation, 95, mount road, madras-2, are two partnership firms, hereinafter referred to as 'the firms'. on the belief entertained that these firms, and a few others were accepting deposits in contracention of the provisions of section 45s of the act, the reserve bank of india filed three petitions before the chief metropolitan magistrate, egmore, for the issue of ..... warrants for search and seizure of docure of documents and registers belonging to the firms, which as per the information of the bank, were located in three different places. search warrants were issued .....

Tag this Judgment!

Sep 15 2009 (HC)

Art Leasing Ltd. Vs. Commissioner of Income-tax

Court : Kerala

Reported in : [2010]187TAXMAN29(Ker)

..... conferred on the bank under section 45ja of the reserve bank of india act, 1934 (for short 'the rbi act'). however, in the course of assessment, the assessing officer noticed that the appellant/assessee has claimed deduction of the entire provision created for bad and doubtful debts in the computation of taxable income. since the explanation contained in section 36(1)(vii) of the income-tax act prohibits deduction of ..... years 1997-98 to 2000-01. we have heard sri t.m. sreedharan, learned counsel appearing for the appellant.2. the appellant-assessee is a non-banking financial company (nbfc) registered with reserve bank of india. as a measure of control, the rbi has issued guidelines to nbfcs to create provision for bad and doubtful debts. according to the assessee, the assessee created ..... by virtue of any such law.section 36(1)(vii) of the income-tax act reads as follows:other deductions.--(1) the deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28.(vii) subject to the provisions of sub-section (2), the amount of any bad ..... the claim was rightly directed to be allowed by the cit (appeals). the further contention raised by the assessee is that by virtue of sub-section (2) of section 145 of the income-tax act, the rbi guidelines should be treated as equivalent to standards of accounting prescribed by the government and so much so, the appellant is entitled to deduction claimed. .....

Tag this Judgment!

Oct 10 2007 (HC)

Reserve Bank of India Vs. Pattem Surya Prakash Rao and ors.

Court : Andhra Pradesh

Reported in : 2007(6)ALT563

..... disentitled to carry on banking business in india; or(c) that the co-operative bank has been prohibited from receiving fresh deposits by an order under sub-section (4) of section 35 of the said act or under clause (b) of sub-section (3a) of section 42 of the reserve bank of india act, 1934; or(d) that the co-operative bank having failed to comply with any requirement of banking regulation act, 1949, other than ..... such directions.(2) the reserve bank may, on representation made to it or on its own motion, modify or cancel any direction issued under sub-section (1), and in so modifying or cancelling any direction may impose such conditions as it thinks fit, subject to which the modification or cancellation shall have effect.40. under section 36(1)(d)(i - iv) of the 1949 act the rbi, in ..... the requirements laid down in section 11 thereof, has continued such failure or, having contravened .....

Tag this Judgment!


Save Judgments// Add Notes // Store Search Result sets // Organizer Client Files //