by Administrator | Jul 30, 2014 | Banking Laws, Law Reviews
The Agriculturists’ Loans Act, 1884 was enacted by the British Government and passed by the Governor-General in Council on July 24, 1884 with the intent to modify and extend the Northern India Takkavi Act, 1879. The Act came into force on August 1, 1884. The Act...
by Administrator | Jul 30, 2014 | Banking Laws, Law Reviews
The African Development Fund Act, 1982 was enacted to put into practice the Agreement on African Development Fund and other related matters. The Agreement Establishing The African Development Fund was concluded on November 29, 1972 for the purpose of aiding the...
by Administrator | Jul 27, 2014 | Banking Laws, Law Reviews, Miscellaneous Laws
The chit fund is a type of banking scheme aimed to save money under different plans. In India, the chit funds are regulated by the Chit Funds Act of 1982 enacted on August 19, 1982. The Act defines ‘chit’ as any deal or transaction which can be called in different...
by Administrator | May 3, 2012 | Banking Laws, Law Reviews
Act Number 30 of 2007, the state bank of India subsidiary laws amendment act 2007 was enacted on 18th June 2007. The main objective of the act is to make necessary amendments to the state bank of Saurashtra act 1950, the state bank of Hyderabad act 1956, and the state...
by Administrator | Feb 23, 2012 | Banking Laws, Law Reviews
The state bank of India act 1955 is a central government act through central government notification in the official gazette. The act contains 57 sections it states various functions and relevant provisions that the functions are subject to according to the act. The...
by Administrator | Feb 23, 2012 | Banking Laws, Law Reviews
The state bank of Saurashtra act 1950 is repealed by the act of, the state of Saurashtra repeal and the state bank of India subsidiary banks amendment act 2009. An earlier amendment in 2007 had substituted certain sections in the act of 1950. Section 5 and 6 in the...
