Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2015
Dated February 4, 2015 | Copy of | Notification | In exercise of the powers conferred by section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Central Government, after consultation with the Reserve Bank of India, hereby makes the following Scheme further to amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, namely:- 1. (1) This scheme may be called the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2015. (2) It shall come into force on the date of its publication in the Official Gazette. 2. In the Nationalised Bank (Management and Miscellaneous Provisions) Scheme, 1970 (hereinafter referred to as said Scheme), in clause 13,- (a) in sub-clause (2),- (i) item (A) shall be omitted; (ii) in item (B), for the words “The Managing Director” the words “The Managing Director and Chief Executive Officer” shall be substituted; (iii) after the item (E), the following item shall be inserted; namely:- “(F) Banks in which the post of Managing Director and Chief Executive Officer has not been operationalised, the term Managing Director and Chief Executive Officer shall be read as Chairman & Managing Director, till such time the post is operationalised.” (b) In the “Explanation” at the end, for the words “managing director” the words “Managing Director and Chief Executive Officer” shall be substituted. 3. In the said Scheme, in clause 13A – (i) in sub-clause (2), for item (a) the following item shall be substituted, namely:- “(a) The Managing Director and Chief Executive Officer;”; (ii) in sub-clause (4), for the words “Chairman and Managing Director” the words “Managing Director and Chief Executive Officer” shall be substituted; (iii) in sub-clause (6), for the words “Chairman and Managing Director” the words “Managing Director and Chief Executive Officer” shall be substituted; (iv) after sub-clause (8), following sub-clause shall be inserted, namely:- “(a) Banks in which the post of “Managing Director and Chief Executive Officer” has not been operationalised, the term “Managing Director and Chief Executive Officer” shall be read as Chairman & Managing Director, till such time the post is operationalized.” 4. In the said Scheme, in The Third Schedule, item (10) for the words “Chairman and Managing Director” the words “Managing Director and Chief Executive Officer” shall be substituted.
Sd/- (Mohammad Mustafa) Jt. Secy
S.O. 348(E) F. No. 13/1/2006-BO. I Issued by: Ministry of Finance (Department of Financial Services) New Delhi
Note: The principal scheme was published vied notification number S.O. 3793(E), dated the 16th November 1970 and subsequently amended vide following notifications:-
Sl. No. S.O. No Date (1) (2) (3) 1. S.O. 67 (E) 17.11.1971 2. S.O. 192 (E) 15.03.1972 3. S.O. 575 (E) 04.09.1972 4. S.O. 651 (E) 25.09.1972 5. S.O. 715 (E) 16.11.1972 6. S.O. 3467 (E) 19.11.1973 7. S.O. 1992 (E) 16.06.1975 8. S.O. 1088 (E) 18.02.1976 9. S.O. 421 (E) 21.06.1976 10. S.O. 888 (E) 11.11.1980 11. S.O. 346 (E) 30.04.1980 12. S.O. 144 (E) 01.03.1984 13. S.O. 368 (E) 27.04.1985 14. S.O. 559 (E) 30.07.1985 15. S.O. 783 (E) 25.12.1985 16. S.O. 922 (E) 30.12.1985 17. S.O. 417 (E) 11.07.1986 18. S.O. 1234 (E) 31.12.1988 19. S.O. 809 (E) 01.11.1992 20. S.O. 289 (E) 03.04.1995 21. S.O. 907 (E) 10.11.1995 22. S.O. 507 (E) 05.02.1996 23. S.O. 58 (E) 20.01.2000 24. S.O. 1172 (E) 29.12.2000 25. S.O. 197 (E) 02.03.2001 26. S.O. 251 (E) 29.02.2007 27. S.O. 334 (E) 08.03.2007 28. S.O. 1057 (E) 29.06.2007 29. S.O. 2383 (E) 15.09.2009 30. S.O. 2736 (E) 05.12.2011 31. S.O. 42 (E) 17.12.2014
