Short title

and com-

mencement.

LOK SABHA

————

The following Bills were introduced in Lok Sabha on 18th December, 2014:—

BILL NO. 190 OF 2014

A Bill to amend the Lokpal and Lokayuktas Act, 2013 and further to amend the

Delhi Special Police Establishment Act, 1946.

BE it enacted by Parliament in the Sixty-fifth Year of the Republic of India as follows:—

1. (1) This Act may be called the Lokpal and Lokayuktas and other related law

(Amendment) Act, 2014.

(2) It shall come into force on such date as the Central Government may, by notification

in the Official Gazette, appoint.

CHAPTER I

AMENDMENT OF THE LOKPAL AND LOKAYUKTAS ACT, 2013

2. In the Lokpal and Lokayuktas Act, 2013 (hereinafter referred to as the principal Act),

in section 4,—

(a) in sub-section (1),—

(i) for clause (c), the following clause shall be substituted, namely:—

“(c) the Leader of Opposition recognised as such in the House of

the People or where there is no such Leader of Opposition, then, the

Leader of the single largest Opposition Party in that House —Member;”;

1 of 2014.

Amendment

of section 4.

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Separate paging is given to this Part in order that it may be filed as a separate compilation.

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—

(ii) after clause (e), the following proviso shall be inserted, namely:—

‘‘Provided that the eminent jurist shall be nominated for a period of

three years and shall not be eligible for re-nomination.”;

(b) for sub-section (2), the following sub-section shall be substituted, namely:—

“(2) No appointment of a Chairperson or a Member or the nomination of

an eminent jurist shall be invalid merely by reason of any vacancy or absence of

a Member in the Selection Committee.”;

inserted, namely:—

“Provided also that no appointment of a person in the Search Committee

or the proceedings of the Search Committee shall be invalid merely by reason of

any vacancy or absence of a Member in the Selection Committee or absence of

a person in the Search Committee, as the case may be.”.

3. In section 10 of the principal Act,—

(a) in sub-section (1), for the words "in the rank of Secretary to the Government

of India", the words "in the rank of Additional Secretary to the Government of India"

shall be substituted;

(b) in sub-section (2), for the words "not below the rank of Additional Secretary

to the Government of India", the words "not below the rank of Joint Secretary to the

Government of India" shall be substituted.

4. In section 16 of the principal Act, in sub-section (1), for clause (f), the following

clause and Explanation shall be substituted, namely:—

"(f) the headquarters of the Lokpal shall be in the National Capital Region and

the benches thereof shall sit at such other places as the Lokpal may, by regulations,

specify.

Explanation.—The expression "National Capital Region" shall have the meaning

assigned to it in clause (f) of section 2 of the National Capital Region Planning Board

Act, 1985.".

5. In section 23 of the principal Act, in sub-section (1), the words, figures and letter "or

section 6A of the Delhi Special Police Establishment Act, 1946" shall be omitted.

6. In section 44 of the principal Act,—

(a) for sub-section (2), the following sub-section shall be substituted, namely:—

"(2) A public servant shall, within a period of thirty days from the date on

which he makes and subscribes an oath or affirmation to enter upon his office,

furnish to the competent authority the information relating to—

(a) all his assets, including—

(i) immovable property owned by him, or inherited or acquired

by him or held by him on lease or mortgage, either in his own name

or in the name of any member of his family or in the name of any

other person;

(ii) movable property inherited by him or similarly owned,

acquired or held by him;

(b) all his debts and other liabilities, incurred by him directly or

indirectly,

under the relevant provisions of the Acts or the rules or regulations, in case of—

(A) public servants referred to in clauses (a), (b) and (c) of sub-section (1)

of section 14, in the manner provided in the Representation of the People

Act, 1951 and the rules made thereunder;

Amendment

of section 10.

Amendment

of section 16.

Amendment

of section 23.

Amendment

of section 44.

2 of 1985.

43 of 1951.

25 of 1946.

SEC. 2]

THE GAZETTE OF INDIA EXTRAORDINARY

(B) public servants referred to in clauses (d) and (e) of sub-section (1) of

section 14, in the manner provided in the All India Services Act, 1951 and the

rules and regulations made thereunder or the rules made under the provisions of

article 148 or article 309 of the Constitution, as the case may be;

in the manner provided under the relevant Acts and the rules and regulations

respectively applicable to them; and

(D) public servants not specifically covered under clauses (A) to (C), in

such manner as may be specified, by regulations by the Lokpal.";

(b) sub-section (5) shall be omitted;

substituted, namely:—

"(6) Notwithstanding anything contained in any other law for the time

being in force, the competent authority shall, in public interest, ensure that the

information referred to in sub-section (2), is published in such manner as may be

prescribed, by 31st August of that year.".

7. In section 59 of the principal Act, in sub-section (2), for clause (k), the following

clause shall be substituted, namely:—

"(k) the manner of publication of information, in public interest, relating to

assets and liabilities of public servants under sub-section (6) of section 44;".

8. In section 60 of the principal Act, in sub-section (2), after clause (d), the following

clause shall be inserted, namely:—

"(da) the manner of furnishing information to the competent authority by public

servants under clause (D) of sub-section (2) of section 44;".

CHAPTER II

AMENDMENT OF THE DELHI SPECIAL POLICE ESTABLISHMENT ACT, 1946

9. In the Delhi Special Police Establishment Act, 1946 (hereinafter referred to as the

Special Police Act), in section 4BA,—

(a) for sub-sections (1) and (2), the following sub-sections shall be substituted,

namely:—

"(1) There shall be a Directorate of Prosecution, headed by a Director, for

conducting prosecution of cases under this Act.

(2) The following persons shall be eligible for consideration for

appointment as Director of Prosecution, namely:—

(a) an officer from the Indian Legal Service holding the post of Joint

Secretary and who is eligible for appointment as Special Public Prosecutor

within the meaning of sub-sections (8) and (9) of section 24 of the Code of

Criminal Procedure, 1973;

(b) in the absence of an eligible officer referred to in clause (a), a

person who has been in practice as an advocate for not less than fifteen

years and has experience in handling cases on behalf of the Government

relating to offences under the Prevention of Corruption Act, 1988, the

Prevention of Money-laundering Act, 2002 and such other laws relating to

economic offences.";

(b) after sub-section (4), the following sub-sections shall be inserted, namely:—

“(5) In case of difference of opinion between the Director and the Director of

Prosecution, the matter shall be referred to the Attorney-General for India for his

advice and such advice shall be binding.

Amendment

of section 59.

Amendment

of section 60.

Amendment

of section

4BA.

61 of 1951.

49 of 1988.

15 of 2003.

2 of 1974.

25 of 1946.

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—

(6) The annual performance appraisal report of the Director of Prosecution

shall be recorded and maintained in the Ministry of Law and Justice, in such

manner as may be prescribed.".

10. After section 6A of the Special Police Act, the following section shall be inserted,

namely:—

"7. (1) The Central Government may, by notification in the Official Gazette, make

rules for carrying out the provisions of this Act.

(2) In particular, and without prejudice to the generality of the foregoing power,

such rules may provide for all or any of the following matters, namely:—

(a) the manner of recording and maintenance of the annual performance

appraisal reports under sub-section (6) of section 4BA;

(b) any other matter which is required to be, or may be, prescribed.

(3) Every rule made under this Act, shall be laid, as soon as may be after it is

made, before each House of Parliament, while it is in session, for a total period of thirty

days which may be comprised in one session or in two or more successive sessions,

and if, before the expiry of the session immediately following the session or the

successive sessions aforesaid, both Houses agree in making any modification in the

rule, or both Houses agree that the rule should not be made, the rule shall thereafter

have effect only in such modified form or be of no effect, as the case may be; so,

however, that any such modification or annulment shall be without prejudice to the

validity of anything previously done under that rule.".

Insertion of

new section 7.

Power to

make rules.

SEC. 2]

THE GAZETTE OF INDIA EXTRAORDINARY

STATEMENT OF OBJECTS AND REASONS

The Lokpal and Lokayuktas Act, 2013 (1 of 2014), providing for the establishment of a

body of Lokpal for the Union and making enabling provision for establishment of Lokayukta

for States to inquire into allegations of corruption against certain public functionaries, was

enacted and brought into force with effect from 16th January, 2014.

2. Sub-section (1) of section 4 of the Lokpal and Lokayuktas Act, 2013 (the Lokpal Act)

provides for a Selection Committee for making recommendations to the President for

appointment of the Chairperson and Members of the Lokpal. As per the existing provision in

clause (c) of sub-section (1) of section 4, the Leader of Opposition in the House of the People

is one of the Members of the said Selection Committee. Sub-section (1) of section 4 does not

contain any provision as to how the eminent jurist is to be recommended for nomination by

the President under clause (e) of sub-section (1) or how the Search Committee shall be

constituted by the Selection Committee under sub-section (3), when there is no Leader of

Opposition recognised as such in the House of the People. Therefore, it is considered

appropriate to amend clause (c) of sub-section (1) of section 4 of the Lokpal Act and make

enabling provision for inclusion of the Leader of the single largest Opposition Party in the

House of the People as a Member of the said Committee. Further, sub-section (1) of

section 4 does not specify any tenure for the eminent jurist. It is, therefore, proposed to

insert a proviso to sub-section (1) so as to lay down that the eminent jurist shall be nominated

for a period of three years and shall not be eligible for re-nomination.

3. It is also proposed to amend sub-section (2) of section 4 so as to provide that no

appointment of a Chairperson or a Member or the nomination of an eminent jurist shall be

invalid merely by reason of any vacancy or absence of a Member in the Selection Committee,

on the lines of the recent amendment made in the Delhi Special Police Establishment

Act, 1946. Similarly, it is proposed to add a proviso to sub-section (3) of section 4 so as to

provide that no appointment of a person in the Search Committee or the proceedings of the

Search Committee shall be invalid merely by reason of any vacancy or absence of a Member

in the Selection Committee or absence of a person in the Search Committee, as the case may

be.

4. It is proposed to amend section 44, with consequential amendments in sections 59

and 60 on account of the following reasons, namely:—

(a) Section 14 of the Act defines “public servant”, which, inter alia, includes

Prime Minister, Ministers and the Members of either House of Parliament. Section 44 of

the Act makes provision for declaration of assets and liabilities by the public servants.

In this regard, the Representation of the People Act, 1951 (43 of 1951) makes detailed

provisions which provide for conduct of elections of the Members of Parliament, their

qualifications and disqualifications for the membership of the Houses, corrupt practices

and other offences, etc. The said Act and the rules framed thereunder make elaborate

provisions for filing of affidavits giving full details of the movable and immovable

property and the consequences of filing false affidavits, etc. In view of this, it is

proposed to provide that the provisions of the Representation of the People Act

should be applicable to them as regards the manner of filing of information regarding

their assets and liabilities, instead of making a different provision under the

Lokpal Act. This will bring coherency between the Lokpal Act and the Representation

of People Act.

(b) In case of Government servants, there is a requirement of filing of property

returns both at the time of joining service and annually, giving details of property

transactions, under the rules framed under article 148 and article 309 of the Constitution

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—

and the Acts of Parliament such as the All India Services Act, 1951 (61 of 1951). The

existing rules which regulate the property transactions of the Government servants are

much elaborate and comprehensive in comparison to what is intended to be provided

under section 44 of the Lokpal Act. Hence there is need for harmonising the said Act

and the Rules with the provisions of the Lokpal Act.

there are public servants in statutory and autonomous bodies whose conduct is

regulated in terms of relevant Acts applicable to them and the rules and regulations

made thereunder, and this also requires to be harmonised with the provisions of the

Lokpal Act.

(d) For the remaining categories of public servants not specifically covered

under clauses (a) to (c) above (e.g. NGOs, etc.), the power to frame appropriate

regulations for matters relating to furnishing of information about assets and liabilities

by them should appropriately vest in the Lokpal which may either extend any set of

rules or regulations applicable to government servants for such categories of public

servants, or provide for a separate set of regulations, under its powers to make

regulations.

It is accordingly proposed to amend sub-section (2) of section 44 to provide for a

scheme wherein the filing of information by public servants under the provisions of the

section are brought in harmony with the provisions of the respective Acts, Rules or

Regulations, as applicable to different categories of public servants. It is also proposed to

amend sub-section (6) in order to enable the Central Government to prescribe the manner in

which information furnished by public servants of different categories is to be published,

keeping public interest in view, by the respective competent authorities. It is also proposed

to amend sections 10, 16 and 23 of the Lokpal Act.

5. Section 4BA of the Delhi Special Police Establishment Act, 1946 (25 of 1946), as

inserted by the Lokpal and Lokayuktas Act, 2013, provides for the establishment of a

Directorate of Prosecution headed by a Director of Prosecution, who will function under the

overall supervision and control of the Director of the Delhi Special Police Establishment. The

provisions of section 4BA do not lay down any eligibility conditions for appointment to the

post of Director of Prosecution. In view of this, it is proposed to substitute sub-sections (1)

and (2) of section 4BA with new sub-sections, so as to provide for appropriate eligibility

conditions for appointment to the post. It is also proposed to insert two new sub-sections

after sub-section (4) of section 4BA so as to ensure functional independence to the Director

of Prosecution in the Delhi Special Police Establishment.

6. The Bill seeks to achieve the aforesaid objectives.

NEW DELHI;

DR. JITENDRA SINGH.

The 15thDecember, 2014.

SEC. 2]

THE GAZETTE OF INDIA EXTRAORDINARY

MEMORANDUM REGARDING DELEGATED LEGISLATION

Clause 7 of the Bill seeks to substitute clause (k) of sub-section (2) of section 59 of the

Lokpal and Lokayuktas Act, 2013 (the Lokpal Act), so as to empower the Central Government

to make rules for the purpose of prescribing the manner in which the competent authority

shall, in public interest, ensure that the information referred to in sub-section (2) of section 44

is published.

2. Clause 8 of the Bill seeks to insert a new clause (da) in sub-section (2) of section 60

of the Lokpal Act, so as to empower the Lokpal to make regulations specifying the manner of

furnishing information to the competent authority by public servants under clause (D) of

sub-section (2) of section 44.

3. Clause 10 of the Bill empowers the Central Government to make rules for the purpose

of carrying out the provisions of Delhi Special Police Establishment Act, 1946. Sub-clause (2)

of the said clause specifies that such rules may provide for the manner of recording and

maintenance of the annual performance appraisal reports of the Director of Prosecution in

the Delhi Special Police Establishment, under sub-section (6) of section 4BA. Sub-clause (3)

of clause 10 of the Bill provides that the rules made by the Central Government under the

proposed new section 7 are required to be laid before each House of Parliament, as soon as

they are made.

4. The matters in respect of which rules or regulations may be made under the proposed

amendments are matters of procedure and administrative details and it is not practicable to

provide for them in the Bill itself. The delegation of legislative power is, therefore, of a normal

character.

————

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—

BILL NO. 188 OF 2014

A Bill further to amend the Regional Rural Banks Act, 1976.

BE it enacted by Parliament in the Sixty-fifth Year of the Republic of India as follows:—

1. (1) This Act may be called the Regional Rural Banks (Amendment) Act, 2014.

(2) It shall come into force on such date as the Central Government may, by notification

in the Official Gazette, appoint and different dates may be appointed for different provisions

of this Act.

2. In the Regional Rural Banks Act,1976 (hereinafter referred to as the principal Act), in

section 3, in sub-section (3), in clause (c),—

(a) the words ‘‘during the first five years of its functioning’’ shall be omitted;

(b) the proviso shall be omitted.

Amendment

of section 3.

Short title

and com-

mencement.

21 of 1976.

SEC. 2]

THE GAZETTE OF INDIA EXTRAORDINARY

3. In the principal Act, in section 5,—

(a) for the words ‘‘five crores of rupees divided into five lakhs of fully paid-up

shares of one hundred rupees each’’, the words ‘‘two thousand crore of rupees, divided

into two hundred crore of fully paid-up shares of ten rupees each’’ shall be substituted;

(b) in the proviso, for the words ‘‘twenty-five lakhs of rupees, and the shares

shall be, in all cases, fully paid- up shares of one hundred rupees each’’, the words

‘‘one crore of rupees, and the shares shall be, in all cases, fully paid-up shares of ten

rupees each’’ shall be substituted.

4. In the principal Act, in section 6,—

(a) in sub-section (1), for the words ‘‘twenty- five lakhs of rupees or exceed one

crore of rupees’’, the words ‘‘one crore of rupees’’ shall be substituted;

(b) in sub-section (2), the following provisos shall be inserted, namely:—

‘‘Provided that in case the Regional Rural Bank raises its capital from

sources other than the Central Government or the State Government or the

Sponsor Bank, the shareholding of the Central Government and the Sponsor

Bank shall not be less than fifty-one per cent.:

Provided further that the Central Government shall consult the concerned

State Government if the level of shareholding in the Regional Rural Bank of such

State Government is reduced below fifteen per cent.’’;

‘‘(2A) The Central Government may, in consultation with the Sponsor

Bank and the State Government, by notification, either raise or reduce the limit of

shareholding of the Central Government, the State Government or the Sponsor

Bank specified in sub-section (2):

Provided that the Central Government shall consult the concerned State

Government before reducing the limit of shareholding of such State

Government.";

(d) in sub-section (3), after the words, brackets and figure ‘‘as is specified in

sub-section (2)’’, the words, brackets, figure and letter ‘‘or, as the case may be, notified

by the Central Government under sub-section (2A)" shall be inserted.

5. In the principal Act, in section 9, in sub-section (1),—

(a) in clause (a), the following proviso shall be inserted, namely:—

‘‘Provided that no person shall be nominated as a director, if he is already

a director on the Board of any other Regional Rural Bank;’’;

(b) after clause (e), the following clause shall be inserted, namely:—

‘‘( f ) such number of directors elected by the shareholders other than the

directors nominated by the Central Government, the State Government, the Sponsor

Bank and other institutions owned or controlled by the Central Government or

the State Government, whose names are entered in the register of shareholders

of the Regional Rural Bank at least ninety days before the date of the meeting in

which the election of directors takes place on the following basis, namely:—

(i) where the total amount of equity share capital issued to such

shareholders is ten per cent. or less of the total issued equity capital, one

director shall be elected from such shareholders;

(ii) where the total amount of equity share capital issued to such

Amendment

of section 5.

Amendment

of section 6.

Amendment

of section 9.

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—

shareholders is more than ten per cent. but less than twenty-five per cent.

of the total issued equity capital, two directors shall be elected from the

shareholders including the shareholders referred to in sub-clause (i);

(iii) where the total amount of equity share capital issued to such

shareholders is twenty-five per cent. or more of the total issued equity

capital, three directors shall be elected from the shareholders including

shareholders referred to in sub-clauses (i) and (ii).";

‘‘(3) The Central Government may appoint an officer of the Central

Government on the Board of Regional Rural Banks, if it considers necessary for

the purposes of effective functioning of the Regional Rural Banks.".

6. In the principal Act, for section 10, the following section shall be substituted,

namely:—

‘‘10. A director nominated under clause (a) of sub-section (1) of section 9 shall

hold office during the pleasure of the Central Government and for such term, not

exceeding three years, from the date on which he assumes his office, 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 either continuously or

intermittently for a period exceeding six years.’’.

7. In the principal Act, in section 19, in sub-section (1), for the figures, letters and

words ‘‘31st day of December’’, the figures, letters and words ‘‘31st day of March’’ shall be

substituted.

Substitution

of new

section for

section 10.

Term of

office of

director.

Amendment

of section 19.

SEC. 2]

THE GAZETTE OF INDIA EXTRAORDINARY

STATEMENT OF OBJECTS AND REASONS

The Regional Rural Banks Act, 1976 provides for the incorporation, regulation and

winding up of Regional Rural Banks with a view to developing the rural economy by providing

credit and other facilities for the purpose of development of agriculture, trade, commerce,

industry and other productive activities in the rural areas, particularly to the small and

marginal farmers, agricultural labourers, artisans and small entrepreneurs. The said Act was

amended from time to time and the last amendment was made in the year 2005.

2. In view of growing business of the Regional Rural Banks and expansion of their role

in both qualitative as well as quantitative terms in extending banking services in rural areas,

a need was felt to amend the Regional Rural Banks Act, 1976 to strengthen their capital base

and improve their overall capabilities.

3. The Regional Rural Banks (Amendment) Bill, 2014, inter alia, seeks to make

amendments to the said Act in respect of the following, namely:—

(a) to provide for the continuance of managerial and financial assistance from

Sponsor Banks beyond the first five years of functioning of Regional Rural Banks;

(b) to provide for the enhancement of authorised capital of each Regional Rural

Bank from five crore rupees to two thousand crore rupees divided into two hundred

crore of fully paid-up shares of ten rupees each;

one crore rupees and shares in all cases to be fully paid-up shares of ten rupees each;

(d) to make provisions for raising capital by Regional Rural Banks from sources

other than the Central Government, the State Government and the Sponsor Bank

subject to the condition that in no event the combined shareholding of the Central

Government and the Sponsor Bank shall be less than fifty-one per cent.; the State

Government concerned to be consulted, if its shareholding is reduced below fifteen

per cent.; and the Central Government to raise or reduce shareholding of the Central

Government, concerned State Government and the Sponsor Bank, by notification,

with prior consultation with the concerned State Government;

(e) to make provisions for (i) shareholders to elect directors in view of the

proposed provisions for raising private capital by Regional Rural Banks from sources

other than the Central Government, the State Government and the Sponsor Bank;

(ii) a person not be a director on the Board of more than one Regional Rural Bank;

(iii) appointment of an officer of the Central Government on the Board of Regional

Rural Banks, if considered necessary;

(f) to provide for the term of the Directors nominated by the Central Government

on the Board of Directors of the Regional Rural Banks under clause (a) of sub-section (1)

of section 9 to be fixed for a period not exceeding three years and eligibility for

re-nomination, and the combined tenure of the Central Government nominated Director

on the Board of one or more Regional Rural Bank, whether continuously or

intermittently, not to exceed six years;

(g) to provide the date of closure of annual accounts from ‘‘31st day of December’’

to ‘‘31st day of March’’ to bring uniformity with the financial year.

4. The Bill seeks to achieve the above objects.

NEW DELHI;

ARUN JAITLEY.

The 10th December, 2014.

PRESIDENT'S RECOMMENDATION UNDER ARTICLE 117 OF

THE CONSTITUTION OF INDIA

[Copy of letter No. 7/9/2011-RRB(Vol.III) dated 11 December, 2014 from

Shri Arun Jaitley, Minister of Finance to the Secretary-General, Lok Sabha]

The President, having been informed of the subject matter of the Regional Rural Banks

(Amendment) Bill, 2014 has recommended for the introduction of the Bill in the Lok Sabha

under clause (1) of Article 117 of the Constitution of India.

————

FINANCIAL MEMORANDUM

Sub-clause (a) of clause 3 of the Bill seeks to amend section 5 of the Act so as to

increase the authorised capital of each Regional Rural Bank from five crore of rupees to two

thousand crore of rupees divided into two hundred crore of fully paid-up shares of ten

rupees each. Sub-clause (b) of clause 3 of the Bill seeks to amend the proviso so as to

provide that the authorised capital of any Regional Rural Bank shall not be reduced below

one crore of rupees and shares to be in all cases fully paid-up shares of ten rupees each.

Sub-clause (a) of clause 4 of the Bill seeks to amend sub-section (1) of section 6 of the Act so

as to provide that the issued capital of each Regional Rural Bank shall not be less than

one crore of rupees. Sub-clause (b) of clause 4 of the Bill seeks to insert provisos to

sub-section (2) of the aforesaid section 6 so as to provide that in case the Regional Rural

Bank raises its capital from sources other than the Central Government or the State Government

or the Sponsor Bank, the combined shareholding of the Central Government and the Sponsor

Bank shall not be less than fifty-one per cent. and that the Central Government shall consult

the concerned State Government, if the level of shareholding in the Regional Rural Bank of

such State Government, is reduced below fifteen per cent. Sub-clause (c) of clause 4 of the

Bill seeks to insert a sub-section (2A) after sub-section (2) of the said section 6 so as to

provide that Central Government may, in consultation with the Sponsor Bank and the State

Government, by notification, either raise or reduce the limit of shareholding of the Central

Government, the State Government or the Sponsor Bank specified in sub-section (2) and

Central Government shall consult the concerned State Government before reducing the limit

of shareholding of such State Government.

2. While there is no immediate expenditure involved on account of the proposed Bill, in

future, the Central Government being fifty per cent. shareholder of the Regional Rural Banks,

may be called upon to contribute its share, as and when the share capital of the Regional

Rural Banks is enhanced, and accordingly, there will be an additional non-recurring expenditure

to be met out of the Consolidated Fund of India. It is, however, not possible at this stage to

estimate the quantum of such expenditure.

3. The Bill, if enacted, will not involve any other expenditure of a recurring or

non-recurring nature.

————

ANOOP MISHRA,

Secretary-General.

GMGIPMRND—3832GI(S-3)—23.12.2014.

PRINTED BY DIRECTORATE OF PRINTING AT GOVT. OF INDIA PRESS, MINTO ROAD, NEW DELHI

AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI—2014.

THE GAZETTE OF INDIA EXTRAORDINARY

[PART II—SEC. 2]