Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Substitution of new sections 3, 3A and 3B for section 3- Definitions-Framing of Savings Schemes-Deposit by minor.

Clause 116 - Bills - AMENDMENTS TO THE GOVERNMENT SAVINGS BANKS ACT, 1873 - FINANCE BILL, 2018 - Clause 116 - 116. Substitution of new sections 3, 3A and 3B for section 3. For section 3 of the principal Act, the following sections shall be substitute .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

sion Act, 1925 (39 of 1925); (c) Authorised Officer means- (i) in the case of a Post Office Savings Bank, an officer authorised by the Director General Posts; and (ii) in the case of State Bank of India or a banking company or any other company or in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ion Act, 1949(10 of 1949); (e) depositor means an individual by whom, or on whose behalf money has been deposited in a Government Savings Bank and deposit means the money so deposited; (f) executor means an executor as defined in clause (c) of sectio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ion in the Official Gazette, specify for the purposes of this Act; (h) guardian in relation to a minor or a person of unsound mind means- (i) either of the parents; (ii) where neither parent is alive or where neither or the only living parent is inca .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

has not attained the age of majority under the Indian Majority Act, 1875 (9 of 1875); (j) prescribed means prescribed by rules made under this Act; (k) Savings Schemes means the Government Savings Schemes, including Savings Certificates and Public Pr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ue existing Savings Schemes to promote household savings in the country. (2) The Central Government may, by notification in the Official Gazette, include or omit or amend Savings Schemes in the Schedule. (3) The notification referred to in sub-sectio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

c) manner of calculation, frequency of payment and rate of interest payable on the deposit; (d) the maximum and minimum limits of deposit; (e) premature closure, withdrawal of deposit, grant of loans against deposit and transfer of deposit; (f) any o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

(2) Subject to the provisions of sub-section (1), the guardian of a minor may open and operate an account on behalf of the minor, till he becomes a major. . Clause 116 of the Bill seeks to substitute new sections 3, 3A and 3B for the existing section .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.