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Judgment Search Results Home > Cases Phrase: state bank of india subsidiary banks act 1959 amending act 2 the state bank of india subsidiary banks laws amendment act 2007 Page 1 of about 202 results (0.167 seconds)

Oct 13 2010 (HC)

All India Bank Officers. Vs. State Bank of India and Others.

Court : Madhya Pradesh Jabalpur

..... 3 of the 1959 act, therefore, it being a subsidiary bank is not covered within the meaning of `banking institution' as defined under section 35(13) of the 1955 act and hence, its business cannot be acquired by the respondent no.1, state bank of india. his contention is that merger of the respondent no.2 with the respondent no.1 can only be done after amending the 1955 act. it was ..... 393.11. we have considered the submissions advanced on both sides. before adverting to the submissions it would be apt to have a glance of the relevant provisions of both the acts, i.e., 1955 act and 1959 act. the state bank of india act, 1955 is an act to ..... or amusement; but that in which a class of the community have a pecuniary interest, or some interest by which their legal rights or liabilities are affected."in black's law dictionary, 6th edition "public interest" is defined as follows:-"public interest.- something in which the public, the community at large, has some pecuniary interest, or some interest by which their ..... vs. rabari maganbhai vashrambhai and others, (2006) 12 scc 360; balco employees' union (regd.) vs. union of india and others, (2002) 2 scc 333; k.a. nagamani vs. indian airlines, (2009) 5 scc 515; indian airlines officers' association vs. indian airlines ltd. and others, (2007) 10 scc 684; and raunaq international ltd. vs. i.v.r. construction ltd. and others, air 1999 sc .....

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Jan 05 2011 (HC)

Sukh Lal Vs. State of U.P. and Others

Court : Allahabad

..... india constituted under the state bank of india act, 1955, a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959, a corresponding new bank constituted under the banking companies (acquisition and transfer of undertakings) act, 1970, or a banking company as defined in the banking regulation act, 1949, or a financial bank or central bank as defined in the uttar pradesh cooperative societies act, 1965 not being a land development bank;" 24. according to definition of "banking company" under section 2 ..... counsel for the petitioners, are quoted below:- "22. an agreement offending a statute or public policy or forbidden by law is not merely void but it is invalid from nativity. it cannot become valid even if the parties thereto agree to it. 23. the concept that an agreement may ..... full bench judgment of this court in nutan kumar's case (supra). in nutan kumar's case, the full bench of this court held that agreement forbidden by law and contrary to public policy is void and if the parties agree thereto it shall not become valid. paragraphs 22 and 23, which have been relied by learned ..... on him all the powers under that provision as may be amended from time to time." 20. thus the district assistant registrar is fully empowered to exercise the power of registrar under section 95-a of the 1965 act and the recovery certificate dated 5th october, 2007 issued by the district assistant registrar is fully in consonance with .....

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Aug 14 2000 (HC)

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

Court : Chennai

Reported in : (2001)ILLJ846Mad

..... .1. petitioner has questioned the constitutional validity of the banking laws amendment act, 1984 (central act 64 of 1984), by which the state bank of india act, 1955, state bank of india (subsidiary banks) act, 1970 and the banking companies (acquisition and transfer of undertakings) acts, 1970 and 1980, were amended. 2. 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. that section reads as under: '(1) no ..... other authority and notwithstanding anything contained in any other provision of this act or in the industrial disputes act, 1947 (14 of 1947), or any other law for the time being in force 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 numbered as section 12a were introduced in thebanking companies (acquisition and transfer of undertakings) acts of 1970 and 1980. 4. the statement of objects and reasons, which accompanied the bill which later became the amending act, reads thus: 'in an award .....

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Sep 15 2005 (SC)

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

..... the state bank of india (in short the 'bank') after banking laws (amendment) act, 1984 (central act no. 64 of 1984) (in short the 'amendment act') was enacted. appellant has questioned constitutional validity of the said amendment before the madras high court by filing a writ petition which was dismissed.2. factual 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 .....

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May 24 2006 (HC)

Cherukode Co-op. Rural Bank Ltd. Vs. Parur Service Co-op. Bank

Court : Kerala

Reported in : 2006(3)KLT38

..... 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 a co-operative land mortgage bank in so far as the words 'bank', 'banker' or 'banking' appears as part of the name of the employer 'bank', or as the case may be, of the bank, whose subsidiary the employer bank is,') (a) substituted for clause (f) by the banking laws (amendment) act ..... (1 of 1984), section 42(ii ..... )(15-2-1984).((fi) in section ..... the provisions of the b.r. act. the above act was incorporated to consolidate and amend the laws relating to banking in india. the relevant provisions of the above act which are required for decision in this case are quoted below:2. application of other laws not barred:--the provisions of this act shall be in addition to, and .....

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Nov 28 2018 (SC)

Union of India Vs. Nareshkumar Badrikumar Jagad .

Court : Supreme Court of India

..... state bank of india constituted under the state bank of india act, 1955; (ii) a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959; (iii) a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 or under section 3 of the banking companies (acquisition and transfer of undertaking) act, 1980; or (iv) any other bank, being a scheduled bank as defined in clause (e) of section 2 of the reserve bank of india act ..... civil court or orders of any tribunal or other authority in respect of lease hold property vested in the national textile corporation which is contrary to the provisions of this act, as amended by the textile undertakings laws (amendment and validation) act, 2014, shall be deemed to be null and void and notwithstanding such transfer, continue to vest in the national textile corporation under this ..... mills in the suit property as on 1st april, 1994 by virtue of 1995 act was of other than leasehold rights. whereas, section 3 including the amended provision sub section (3) could be invoked only in respect of a subsisting leasehold rights 7 (2007) 5 scc74556 acquired under the 1995 act. we have already observed that even though the leasehold rights of podar mills .....

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Nov 28 2018 (SC)

National Textile Corp. Ltd. Vs. Nareshkumar Badrikumar Jagad .

Court : Supreme Court of India

..... state bank of india constituted under the state bank of india act, 1955; (ii) a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959; (iii) a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 or under section 3 of the banking companies (acquisition and transfer of undertaking) act, 1980; or (iv) any other bank, being a scheduled bank as defined in clause (e) of section 2 of the reserve bank of india act ..... civil court or orders of any tribunal or other authority in respect of lease hold property vested in the national textile corporation which is contrary to the provisions of this act, as amended by the textile undertakings laws (amendment and validation) act, 2014, shall be deemed to be null and void and notwithstanding such transfer, continue to vest in the national textile corporation under this ..... mills in the suit property as on 1st april, 1994 by virtue of 1995 act was of other than leasehold rights. whereas, section 3 including the amended provision sub section (3) could be invoked only in respect of a subsisting leasehold rights 7 (2007) 5 scc74556 acquired under the 1995 act. we have already observed that even though the leasehold rights of podar mills .....

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Nov 28 2018 (SC)

Nareshkumar Badrikumar Jagad and Ors. Vs. O P Singh and Ors.

Court : Supreme Court of India

..... state bank of india constituted under the state bank of india act, 1955; (ii) a subsidiary bank as defined in the state bank of india (subsidiary banks) act, 1959; (iii) a corresponding new bank constituted under section 3 of the banking companies (acquisition and transfer of undertakings) act, 1970 or under section 3 of the banking companies (acquisition and transfer of undertaking) act, 1980; or (iv) any other bank, being a scheduled bank as defined in clause (e) of section 2 of the reserve bank of india act ..... civil court or orders of any tribunal or other authority in respect of lease hold property vested in the national textile corporation which is contrary to the provisions of this act, as amended by the textile undertakings laws (amendment and validation) act, 2014, shall be deemed to be null and void and notwithstanding such transfer, continue to vest in the national textile corporation under this ..... mills in the suit property as on 1st april, 1994 by virtue of 1995 act was of other than leasehold rights. whereas, section 3 including the amended provision sub section (3) could be invoked only in respect of a subsisting leasehold rights 7 (2007) 5 scc74556 acquired under the 1995 act. we have already observed that even though the leasehold rights of podar mills .....

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Feb 10 1970 (SC)

Rustom Cavasjee Cooper Vs. Union of India (Uoi)

Court : Supreme Court of India

Reported in : AIR1970SC564; [1970]40CompCas325(SC); (1970)1SCC248; [1970]3SCR530

..... of a going concern is contemplated in many indian statutes: e.g., indian electricity act, 1910, sections 6, 7 & 7a; air corporation act, 1953, sections 16 & 17; imperial bank of india act, 1920, sections 3 & 4; state bank of india act, 1955, section 6(2), (3) & (4); state bank of india (subsidiary banks) act, 1959; banking regulation act, 1949, section 36 ae; and cotton textile companies act, 1967, sections 4(1) & 5(1). power to legislate for acquisition of 'property ..... than they solved', because the court did not indicate the meaning of just equivalent and 'it was easier to state what was not just equivalent than to define what a just equivalent was'. in this state of law article 31 was amended by constitution fourth amendment act, 1955. shah, j. said first that adequacy of compensation fixed by the legislature or awarded according to principles specified ..... 31 of the constitution, and are on that account invalid.2. in india there was till 1949 no comprehensive legislation governing banking business and banking institutions. the central legislature enacted the banking companies act 10 of 1949 (later called 'the banking regulation act') to consolidate and amend the law relating to certain matters concerning banking. by section 5(b) of that act, 'banking' was defined as meaning 'the accepting, for the purpose of .....

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Jul 05 2005 (HC)

M. Babu Rao and ors. Vs. Deputy Registrar of Co-operative Societies/Of ...

Court : Andhra Pradesh

Reported in : 2005(4)ALD582; 2005(4)ALT327; [2005]126CompCas708(AP); [2005]63SCL339(AP)

..... co-operative societies carrying on the business of banking. the nomenclature of the act was also amended to read--the banking regulation act, 1949 -in this judgment referred to as the 1949 act. the 1949 act applies to three (3) main classes of banks.(a) banking companies that are not nationalised;(b) nationalised banks (including the state bank of india, other nationalised banks, regional rural banks and any subsidiary banks); and(c) certain classes of co-operative ..... or principal business of which is to provide financial accommodation to its members for agricultural purposes or for purposes connected with agricultural activities (including the marketing of crops); and(2) the bye-laws of which do not permit admission of any other co-operative society as a member: provided that this sub-clause shall not apply to the admission of a co ..... of less explosive potentialities is properly available. constitutional adjudications are apt by exposing differences to exacerbate them'. in basheshar nath v. commissioner of income-tax, delhi and rajasthan and anr., : [1959]35itr190(sc) s.r. das c.j. in a majority opinion declined to pronounce upon the issue whether breach of fundamental rights, other than those flowing from article 14, could .....

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