by Administrator | Apr 12, 2015 | Banking Laws, Law Reviews
An Act no. 56 of the year 1962 being short titled as ‘The State Associated Banks (Miscellaneous Provisions) Act, 1962’ was enacted with the view to provide for further amendment of the earlier three enactments including, The State Bank of India Act, 1955 (Act no. 23...
by Administrator | Apr 10, 2015 | Banking Laws, Law Reviews
The Recovery of Debts Due to Banks and Financial Institutions Act has been incorporated on 24th June, 1993. This Act as the name indicated has been instituted to recover the debts due to banks and financial institutions. The Commercial Banking in India plays a vital...
by Administrator | Apr 9, 2015 | Banking Laws, Law Reviews
The Small Industries Development Bank of India Act, 1989 (Act no. 49 of 1989) was enacted with the view to provide for establishment of a principal financial institution as Small Industries Development Bank of India for the promoting and financing the development of...
by Administrator | Apr 6, 2015 | Banking Laws, Law Reviews
The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 was enacted on 12th December, 1978. The act aims to ban the promotion and circulation of prize chits and money circulation. The act classifies chits into conventional chits and prize chits. Conventional...
by Administrator | Apr 6, 2015 | Banking Laws, Corporate Law, Law Reviews
The Industrial Disputes (Banking and Insurance Companies) Act (herein after referred as “the Act/ said Act”) was enacted in the year 1949 and it extends to whole of India except the state of Jammu & Kashmir. The main goal behind enactment of the said Act is to...
by Administrator | Apr 6, 2015 | Banking Laws, Corporate Law, Law Reviews
The Industrial Development (Transfer of Undertaking and Repeal) Act, 2003 (herein after referred as “the said act”) received assent of the President of India on 30th December, 2003 and was thereafter published in the Official Gazette, the said act came into force in...
