REGD. NO. D. L.-33004/99

The Gazette of

India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 146]

NEW DELHI, FRIDAY, MARCH 2,2001/PHALGUNA 11,1922

663 GI/2001

CD

2

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3 (ii)]

3

MINISTRY OF FINANCE

(Department of Economic Affairs)

(BANKING DIVISION)

NOTIFICATION

New Delhi, the 2nd March. 2001

s. o. 197 (E).— | n 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 further

amendments in 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, 2001.

(2)

It shall come into force on the date of its publication in the

Official Gazette.

2.

In the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 ,

in clause 9, for sub-clause (2), the following shall be substituted namely :-

"(2) subject to the provisions of sub-clause (1 ),-

(a) a director referred to in clause (e) and clause (f) of sub

section (3) of section 9 of the Act shall hold office for such

term not exceeding three years as the Central Government

may specify at the time of his nomination and thereafter

until his successor has been nominated and shall be eligible

for re-nomination.

(b) a director referred to in clause (g) and clause (h) of sub-

section (3) of Section 9 of the Act shall hold office for such

term not exceeding three years as the Central Government

may specify at the time of his nomination and shall be

eligible for re-nomination.

Provided

that no such director shall hold office continuously for a

period exceeding six years.".

'

[F. No. 4/l/99-BO-l(i)|

SHEKHAR AGARWAL. Jt. Secy

4

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEC. 3(ii)l

Foot Note: principal Scheme was published vide notification No.S.0.3793 dated 16th November,

1970 and subsequently amended vide the following notifications:-

Sr.No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

S.O. No.

67(E)

192(E)

575(E)

651 (E)

715(E)

3467

1992

1088

421 (E)

888(E)

346(E)

144(E)

368(E)

559(E)

783(E)

922(E)

417(E)

1234(E)

809(E)

289(E)

907(E)

58(E)

1172(E)

Date

17.11.1971

15.03.1972

04.09.1972

25.09.1972

16.11.1972

19.11.1973

16.06.1975

18.02.1976

21.06.1976

11.11.1980

30.04.1983.

01.03.1984

27.04.1985

30.07.1985

25.10.1985

30.12.1985

11.07.1986

30.12.1988

01.11.1992

03.04.1995

10.11.1995

20.01.2000

29.12.2000

5

NOTIFICATION

New Delhi, the 2nd March, 2001

s. o. 198 (E).— in exercise of the powers conferred by section 9 of the Banking Companies

(Acquisition and Transfer of Undertakings) Act, 1980(40 of 1980), the Central Government,

after consultation with the Reserve Bank of India, hereby makes the following further

6

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEC. 3(ii)1

amendments in the Nationalised Banks (Management and Miscellaneous Provisions) Scheme,

1980, namely: -

1.

(1)

This Scheme may be called the Nationalised Banks

(Management and Miscellaneous Provisions) Amendment

Scheme, 2001.

(2)

It shall come into force on the date of its publication in

the Official Gazette.

2.

In the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980 ,

in clause 9,for sub-clause (2), the following shall be substituted namely :-

"(2)subject to the provisions of sub-clause (1 ),-

(a) a director referred to in clause (e) and clause (f) of sub

section (3) of section 9 of the Act shall hold office for such

term not exceeding three years as the Central Government

may specify at the time of his nomination and thereafter

until his successor has been nominated and shall be eligible

for re-nomination.

(b) a director referred to in clause (g) and clause (h) of sub-

section (3) of Section 9 of the Act shall hold office for such

term not exceeding three years as the Central Government

may specify at the time of his nomination and shall be

eligible for re-nomination.

Provided

that no such director shall hold office continuously for a

period exceeding six years.".

IF. No. 4/l/99-BO-l(ii)]

SHEKHAR AGARWAL, Jt. Secy.

7

Foot Note: Principal Scheme was published vide Notification No. S.O. 875(E) dated

4th November, 1980 a"d subsequently amended vide the following Notifications:-

Sr.No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

S.O. No.

343(E)

145(E)

369(E)

560(E)

923(E)

418(E)

1235(E)

810(E)

290(E)

908(E)

59(E)

935(E)

1173(E)

Date

30.04.1983

01.03.1984

27.04.1985

30.07.1985

30.12.1985

11.07.1986

30.12.1988

01.11.1992

03.04.1995

10.11.1995

20.01.2000

17.10.2000

29.12.2000

Printed by the Manager, Govt. of India Press, R.ng Roud, Mayapuri, New Dellii-110064

nnd Published by tho Controller of Publications. Delbi-110034.