The State Financial Corporations Act,1951 (Bare Act)/ (Record no. 157711)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 00349nam a2200121Ia 4500 |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | CUS |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 343.54 |
| Item number | UNI/S |
| 245 #4 - TITLE STATEMENT | |
| Title | The State Financial Corporations Act,1951 (Bare Act)/ |
| Statement of responsibility, etc. | Universal Law Publishing |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc. | New Delhi: |
| Name of publisher, distributor, etc. | Universal Law Publishing, |
| Date of publication, distribution, etc. | 2010. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | iii,47 p. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | THE STATE FINANCIAL CORPORATIONS ACT, 1951<br/>Introduction<br/>Sections<br/>CHAPTER!<br/>PRELIMINARY<br/>1. Short title, extent and commencement<br/>2. Definitions<br/>I ^'1<br/>CHAPTER II<br/>INCORPORATION OF STATE FINANCIAL CORPORATIONS,<br/>THEIRCAPITALANDMANAGEMENT<br/>3. Establishment of State Financial Corporations<br/>3A. Establishment of Joint Financial Corporations<br/>4. Share capital and share-holders<br/>4A. Special class of shares<br/>4B. Transfer of share capital to Development Bank<br/>4C. Payment of amount<br/>4D. Issue of redeemable preference shares<br/>4E. Reduction of share capital<br/>4F. Restriction on exercising of voting right<br/>40. Proxy voting<br/>4H. Transfer of share capital to Small Industries Bank<br/>5. Transfer of shares<br/>6. Conversion of shares guaranteed by State Govemment 7. Additional capital of the Financial Corporation and its borrowing powers<br/>8. Deposits with the Financial Corporation<br/>9. Managements<br/>10. Board of directors<br/>11. Term ofolTice and retirement of directors<br/>12. Disqualifications for being a director<br/>13. Removal of director from office<br/>14. Resignation of office by director and filling up of casual vacancies<br/>15. Chairman of Board<br/>16. Remuneration of directors<br/>17. Managing director<br/>18. Executive Committee<br/><br/>Sections<br/>19. Meetings of the Board and Committee<br/>20. Powers of Exedbtive Committee<br/>21. Advisory Committee<br/>22. Offices and agencies<br/>23. Officers and other employees of the Financial Corporation<br/><br/>CHAPTER III<br/>POWERS AND DUTIES OF THE BOARD<br/>24. General duty of the Board<br/>25. Business which Fnancial Corporation may transact<br/>25A. Power to acquire rights<br/>25B. Gifts, grants, etc.<br/>26. Limit of accommodation<br/>27. Power to impose conditions for accommodation<br/>28. Prohibited business<br/>29. Rights of Financial Corporation in case of default<br/>30. Power to coil for repayment before agreed period<br/>31. Special provisions for enforcement of claims by Financial Corporation . ><br/>32. Procedure of district judge in respect of applications under section 31 .<br/>32A. Power of Financial Corporation to appoint directors or administrators of an industrial concern when management is taken over .<br/>328. Effect of notified order under section 32A<br/>32C. Powers and duties of directors and administrators<br/>32D. No right to compensation for termination of contract of managing agent, managing director, etc.<br/>32E. Application of Act 1 of 1956<br/>32F. Restriction on filing of suits for dissolution, etc.. of an industrial concern not being a company when its management is taken over<br/>32G. Recovery of amounts due to the Financial Corporation as an arrear of<br/>land revenue<br/>CHAPTER IV<br/>INVESTMENT OF FUNDS, ACCOUNTS AND AUDIT<br/>33. Funds of the Financial Corporation<br/>34. Investment of funds<br/>35. Disposal of profits<br/>35A. Special reserve fund<br/>36. General meetings<br/>37. Audit 36 37A. Inspection , . . . 37 38. Returns 38<br/>CHAPTER V<br/>MISCELLANEOUS 39. Power to give instructions to Financial Corporation on questions of policy 38 40. Declaration of fidelity and secrecy 39 41. Indemnity of directors 40 41A. Protection of action taken by persons appointed under section 27 or section 32A 40 41B. Nomination in respect of deposits, bonds, etc. 40<br/>42. Offences 40<br/>43. Provisions relating to income-tax and super-tax 40 43A. Delegation of powers 41<br/>43 B. Reports to the Board 41 44. Act 18 of 1891 to apply to the books of the Financial Corporation 41 45. Liquidation of Financial Corporation 41 46. Power to apply Act to certain financial institutions in existence at<br/>commencement of Act 41 46A. Extension ofjurisdiction of the Financial Corporation to other States by agreement 42<br/>46B. Effect of Act on other laws 42<br/>47. [Repealed] 42<br/>48. Power of Board to make regulations . . 42 48A. Laying of rules and regulations before State Legislature 44<br/>48B. Power to make rules 44 <br/>49. Power to remove difficulty 44<br/>THE SCHEDULE.—Declaration of fidelity and secrecy 44<br/>THE STATE FINANCIAL CORPORATIONS (APPEAL TO THE<br/>CENTRAL GOVERNMENT) RULES, 2003<br/>1. Short title and commencement . . . 45<br/>2. Deflnltions . . . 45<br/>3. Procedure for filing appeal . . . 45 4. Time within which appeal is to be preferred . . . 45<br/>5. Payment of fees . • . . 46<br/>6. Contents of appeal . . . 46<br/>7. Furnishing of information or documents . . . 46 8. Date and place of hearing of appeal to be communicated . . ^ 46 9. Hearing of appeal . . ^ 46 FORM—Appeal under sub-section (5) of section 5 of the State Financial Corporations Act, 1951 |
| 650 ## - SUBJECT | |
| Keyword | Bare Act |
| 710 ## - ADDED ENTRY--CORPORATE NAME | |
| Corporate name or jurisdiction name as entry element | Universal Law Publishing |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Bare Acts and Legal Education Series |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Full call number | Accession number | Date last seen | Date last checked out | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Central Library, Sikkim University | Central Library, Sikkim University | General Book Section | 29/08/2016 | 343.54 UNI/S | P12539 | 11/07/2018 | 11/07/2018 | Bare Acts and Legal Education Series |