Supreme court judgement on banks nationalisation case (Record no. 2053)

MARC details
000 -LEADER
fixed length control field 02321nam a2200169Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220509145622.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.1223 SUP
245 #0 - TITLE STATEMENT
Title Supreme court judgement on banks nationalisation case
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Lucknow
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Eastern Book
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1970
300 ## - PHYSICAL DESCRIPTION
Extent 105 p.
520 ## - SUMMARY, ETC.
Summary, etc. The Banking Regulation Act 10 of 1949 was amended by Act 58 of 1968, to give effect to the policy of "social control over commercial banks. Act 58 of 1968 provided for reconstitution of the Boards of directors of commercial banks with a Chairman who had practical experience of the working of a Bank or financial, economic and business adminis tration.<br/>During the last two decades the Reserve Bank reorganised the banking structure. A number of units which accounted for a small section of the banking business were amalga mated under directions of the Reserve Bank. The total number of commercial banking institutions was reduced from 566 in 1951 to 89 in 1969-73 scheduled and 16 non-scheduled.<br/>(Para 4)<br/>Late in the afternoon of July 19, 1969 (which was a Saturday) the Vice-President (acting as President) promulgated, in exercise of the power conferred by clause (1) of Article 123 of the Constitution, Ordinance 8 of 1969, transferring to and vesting the under taking of 14 named commercial banks in corresponding new banks set up under the Ordinance. The preamble of the Ordinance read as follows:<br/>"An Ordinance to provide for the acquisition and transfer of the undertakings of certain banking companies in order to serve better the needs of development of the economy in conformity with national policy and objectives and for matters connected therewith or incidental thereto." Petitions challenging the competence of the President to promulgate the Ordinance<br/><br/>(Para 5) were lodged in this Court on July 21, 1969. But before the petitions could be heard by this O Court, a Bill to enact provisions relating to acquisition and transfer of undertakings of the existing banks was introduced in the Parliament, and was enacted on August 9, 1969, as "The Banking Companies (Acquisition and Transfer of Undertakings) Act 22 of 1969". The preamble of the Act was in terms identical with the preamble of the Ordinance.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Source of acquisition Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library 2020-02-02 MSR   332.1223 SUP 2294 2020-02-02 2020-02-02 Books

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