PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1511

CENTRAL BANK OF INDIA

CENTRAL OFFICE, PRS(LEGAL) DEPARTMENT, 17TH FLOOR,

CHANDER MUKHI, NARIMAN POINT,

MUMBAX 400 021 -DATED THE 5TH DAY OF FEBRUARY, 2001.

GSR No.

. In exercise of the powers conferred/

by section 19 read with sub-section (2) of seotion 12, of thf

Banking Companies (Acquisition and Transfer of Undertakings) Ac/

1970 (5 of 1970) the Board of Directors of CENTRAL BANK OF IND/.A,

in consultation with the Reserve Bank of India and with / the

previous sanotion of the Central Government, hereby makes

the

following regulations, namely :

1. Short Title and Commencement :-

(1) These Regulations may be called The CENTRAL BANK O^T/ INDIA)

Officer

Employees'

(Discipline

and

Appeal.)

Amendment

Regulations, 2001.

(2) They shall come into force on the date of their publication

in the Official Gazette.

2.

In the CENTRAL BANK OF INDIA Offioer Employees

(Discipline &

Appeal) Regulations, 1976 in regulation 6, for sub-regulation (2),

the following sub-regulation shall be substituted, namely :-

"(2) Whenever the Disciplinary Authority is of the opinion that

there are grounds for inquiring

into th'a truth of

any

imputation of misconduot or misbehavior against an offioer

employee, it may itself enquire into, or

appoint any other

person who is, or has been, a public

servant

(hereinafter

referred to as the Inquiring authority) to inquire

into the

truth thereof.

Explanation

:- When the Disciplinary Authority itself holds the

inquiry any reference in sub-regulation (3) to sub-regulation (21)

to the Inquiring authority shall be ooneit rued as reference to

Disciplinary.Authority".

A

N a m e of t h e O f f i o e r

! ShjcJ-^frrKT^UPTA

D e s i g n a t i o n of t h e Officer* : G E N E R A L M A N A G E R ( P )

C E N T R A L O F F I C E

File N o . C O : P R S : L E G A L : M I S C : 3 5 1 3 : S A K : ? K - 0 1 :

x- • >.,',

No ⁴ <

' h- /,, ,'-ii 1:'^ '-i -, •••..•', i ' i. >,i| •" ti

1.' j j ' •• ; >

r e g u l a t i o n s

w e r t

( j ^ . ^ j l t d d an p<5r d e t a i l s

giv..;.. '.ej

Notification number :

1, GSR No. 44 dated the 1st day of November, 1997.

2. GSR No. 34 dated th» 19th day of August, 2000.

7- -489 Gl/2000

1512

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

VIJAYA BANK

Head Office

Bangalore, the 16th February 2001

PERiIRD;503;2001

- In exercise uf llie powers conferred by section 19 of the Dunking

Coiiipniiies (Acquisition and Tinusfcr ol" Undei takings) Act,

1980 (

40 ol'

1980) , the Lloiud of^{V X J A Y A}

BANK

in consullnlion with the Resei-ve Dank of India mill

with the previous sanction of the Central (jovcinmcul, heieby makes the following Regulations to

amend the^{V I J A Y A}

B A N K

Officei Employees' (Conduct) Reaulotious.

1981

namely:-

(i) These Regulations may be called the

VUAYA BANK

Oilicer

Eiiiuloyeus

(Conduct) Amendment Regiiliilions, 2000.

(ii) I hoy slmll come into force on the date of their publication in the "Ollioial Ciizelle".-

In [ | i e ^{V i}J ^ay ^a

Ba»^ Oilicer limployces' (Conduct) Regulations / 1981.

(i)

in tegulflliou 3, for sub-iegulnliou (1), the following sunll.be substituted, nnuiely :-

"(1) Every officer employee, shall, at all times take all possible steps to ensure

and protect the interests of the bank and discharge his duties with utmost

integrity, honesty, devotion and diligence and do nothing which is unbecoming of

an officer employee ".

(ii)

in leguliilioii 3, alter sub-icgultition (3), the lullowing proviso slmll be MIKCIUHI,

iininety:-

"I'rovidcd w/iercwr xuch directions uiv oral in Mature the Mime .slmll In'

confirmed in writing by his superior official".

(iii)

in icguhlion 0, in sub-regulation (I), for the existing pioviso, the following shall

be substituted, uamely:-

"Provided that an, officer employee, may, without such sanction undertake

honorary work of a social or charils.ble nature or occasional work of a literary,

artistic, scientific, professional,

cultural, educational,

religious or social

character, subject to the condition that his official duties do not thereby ,\n/ji i

but he shall not undertake or shall dfscvntiniHi such work if so directed by the

competent authority after recording reasons for the same ".

(iv)

in legultilioii 0, for sub-regulation ('1), llio following slmll bo {substituted, iiiimcly:-

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1513

"(4/ No officer employee shall accept any payment, in the form of fee.

remuneration, honorarium ami the like in cash or kind far any work done by hint

for any public body or any private person without the sanctioiLoJ the conipvtcilt

authority".

/V-^^v——-/IL

-" rB7"~sRiDM,.-' !>!.?rxy )

GENERAL MMAGf&J (PERSONNEL)

A L L A H A B A D

BANK

HEAD

O F F I C E

2, N . S. R O A D

CALCUTTA-700001 DATE :14.02.2001

No H.O./Legal/1241 . In exercise of the powers conferred by section 19 of

the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of

1970), the Board of Allahabad Bank in consultation with the Reserve Bank of India

and with the previous sanction of the Central Government, hereby makes the

following Regulations to amend the Allahabad Bank Officer Employees¹ (Conduct)

Regulations, 1976 namely:-

(I) These Regulations may be called the Allahabad Bank Officer Employees'

(Conduct) Amendment Regulations, 2001.

(ii) They shall come into force on the date of their publication in the 'Official

Gazette'.

In the Allahabad Bank Officer Employees' (Conduct) Regulations,1976

(i)

in regulation 3, for sub-regulation (1) , the following shall be

substituted namely:-

"(1) Every Officer employee shall, at all times take all possible steps to

ensure and protect the interest of the bank and discharge his duties with utmost

integrity, honesty, devotion and diligence and do nothing which is unbecoming

of an officer employee".

(ii)

In regulation 3, after sub-regulation (3), the following proviso shall be<

inserted , namely:-

"Provided wherever such directions are oral in nature the same shall be

confirmed in writing by his superior official".

1514

THK GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

(iii)

in regulation 6 in sub-regulation (1) for the existing proviso, the

following shall be substituted, namely:

"Provided that an officer employee may, without such sanction

undertake honorary work of a social or charitable nature or occasional work

of a literary, artistic, scientific, professional, cultural, educational, religious

or social character, subject to the condition that his official duties do not

thereby suffer but he shall not undertake or shall discontinue such work if so

directed by the competent authority after recording reasons for the same"

(iv)

in regulation 6, for sub-regulation (4) , the following shall be

substituted namely:-

"(4) No officer employee shall accept any payment, in the form of fee,

remuneration, honorarium and the like in cash or kind for any work done by

him for any public body or any private person without the sanction of the

competent authority.".

(R. L. Batta )

ASSTT. GENERAL MANAGER(LAW)

Foot Note:-^The amendments carried out earlier in the above Regulations

were published in the Official Gazette as per details given below:-

Notification No.

Legal/1/88

Legal/1/90

H.O./Legal/333/1137

H.O/LegaI/0814

H.O/Legal/0926

Date

25.4.88

20.01.90

28.12.92

28.09.93

14.10.2000

PART III—SEC. 41

THE GAZETTE DF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1515

CANARA BANK GENERAL REGULATIONS, 2000

In exercise of the powers conferred by Section 19 of the Banking Companies

(Acquisition and Transfer of Undertakings) Act, 1970 the Board of Directors of

Canara Bank, after consultation with the Reserve Bank of India and with t<ie

previous sanction of the Central Government, hereby makes the followi >g

regulations, namely:

CHAPTER-- I

INTRODUCTORY

1. Short title and commencement -

i] These regulations may be called Canara Bank General Regulations, 2000.

ii] These regulations shall come into force on the date of their publication in the

Official Gazette.

2. Definitions - In these regulations, unless there is anything repugnant to

the subject or context or meaning thereof -

(a) "Act" means the Banking Companies

(Acquisition and Transfer of

Undertakings) Act, 1970 (5 of 1970);

(b) "Bank" means Canara Bank, constituted under Section 3 of the Act;

Act;

(d) "Chairman" means the Chairman of the Board;

(e) "Committee" means a Committee as constituted by the Board;

(f) "Executive Director" means the wholetime director, not being the

Managing Director;

(g) "General Manager" means General Manager of the Bank;

(h) "Management Committee" means a Committee constituted under Clause

13 of the Scheme;

(i) "Managing Director" means Managing Director of the Bank;

1516

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

(j) "Register" means the register of shareholders kept irl one or more books of

the Bank and includes'the register of shareholders kept in computer floppies or

diskettes under Sub- section 2 (G) of Section 3 of the Act;

(k) "Registrar" means the person appointed by the Bank for -

(i) collecting applications from investors in respect of an issue,

(ii) keeping a proper record of applications

and

monies received from

investors or paid to the seller of the securities,

(iii) assisting the Bank in -

(a) determining the basis of allotment of securities in consultation with

the stock exchange,

(b) finalising the list of persons entitled to allotment of securities,

despatching

allotment

letters, refund orders or

certificates and other related documents in respect of the issue, and

(iv) such other function as assigned from time to time by the Bank;

(1) "Scheme" means the Nationalised Banks (Management and Miscellaneous

Provisions) Scheme, 1970;

(m) "Share" means share in the share capital of the Bank;

(n)^M Share transfer agent" includes -

(i) any person, who on behalf of the Bank maintains the records of holders

of securities issued by the Bank and deals with all matters connected with

the transfer and redemption of its securities, or

(ii) a department or division (by whatever name called)

the Bank

performing the activities referred in Sub-clause

(i);

(o) Words and expressions used in Chapter III and not defined in

these

regulations but defined in the Depositories Act, 1996 (Act 22 of 1996), shall

have the meaning respectively assigned to them in the said Act.

(p) Other expressions used and not defined in these regulations but used in the

Act or the Scheme shall have the meanings respectively assigned to them in tne

Act or the Scheme;

PAJIT III^SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1517

CHAPTER - U

SHARES AND SHARE REGISTER

3. Nature of Shares - The Shares of Canara Bank shall be movable property,

transferable in the manner provided under these regulations.

4. Kinds of Share Capital

(i)

Preference Shart Capital means that part of share capital of Canara

Bank which fulfils both the following conditions :-

(A)

as respects dividends, it carries a preferential right to be paid a fixed

amount or an amount calculated at fixed rate, which may be either free of or

subject to income tax and

(B) as respect capital, it carries or will carry, on winding up to repayment of

capital, a preferential right to be repaid the amount of the capital paid-up or

deemed to have been paid-up, whether or not there is preferential right to the

payment of either or both of the following amounts, namely >

(a) any money remaining unpaid, in respect

of the

amounts

specified in

Clause (A) upto the date of winding u p or repayment of capital, and

(b) any fixed premium or premium on any fixed

scale, specified by the

Board with the previous consent of the Central Government.

(ii) "Equity Share Capital" means all share capital, which is not preference

share capital.

(iii) The expressions "Preference Share" and "Equity Share" shall be construed

accordingly.

5. Particulars to be entered In the register

(1) A share register shall be kept, maintained and updated in accordance with

sub-section 2(F) of Section 3 of the Act.

(ii) In addition to the particulars specified in sub-section 2(F) of Section 3 of the

Act, such other particulars as the Board may specify shall be entered in the

(iii) In the case of joint holders of any share, their names and ojtigr particulars

required by sub-regulation (i) shall be grouped under thtfilame of the first of

such joint holders.

(iv) Subject to the proviso of sub-section 2(D) of Sec.3 of the Act, a shareholder

resident outside India may furnish to the Bank an address in India, a n d - a ^

such address shall be entered in the register and be deemed to be his registered

address for the purposes of the Act and these regulations.

1518

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

(v) No notice of any trust, express implied or constructive, shall be entered on

the register or be receivable by the Bank.

6. Control over shares and registers - Subject to the provisions of the Act and

these regulations, and such directions as the Board may issue from time to

time, the register shall be kept and maintained at the Head Office of Canara

Bank and be under the control of the Board and the decision of the Board as to

whether or not a person is entitled to be registered as a shareholder in respect of

any share shall be final.

7. Parties who may not be registered as shareholder* -

(i) Except as otherwise provided by these regulations, all persons who are not

competent to contract shall not be entitled to be registered as shareholder and

the decision of the Board in this regard shall be conclusive and final.

(ii) In case of firms, shares may be registered in the names of the individual

partners and no firm, as such, shall be entitled to be registered as a

shareholder.

8. Maintenance of share register In computer system, ttc. -

(I) The particulars required to be entered in the share register under sub-

section 2(F) of section 3 of the Act, read with those mentioned in Regulation 5,

shall be maintained under sub-section 2(G) of section 3 of the Act, in the form of

data stored in magnetic/optical/ magneto-optical media by way of diskettes,

floppies, cartridges or otherwise (hereinafter referred to as the

"media") in

computers to be maintained at the Head Office and the back up at such location

as may be decided from time to time by the Chairman and Managing Director

or any other official not below the rank of a

General Manager designated in

this behalf by the Chairman

and Managing Director (hereinafter referred

as "the designated official").

(li) Particulars required to be entered in the share register under Sec.3 (B) of

the Act read with Section 11 of thx Depositories Act, 1996 shall be maintained in

the electronic form in the mannet and in the form as prescribed therein.

9. Safeguards for protection of computer system.

(i) The access to the system set out In Regulation 8 (i) In which data is stored

shall be restricted to such persona including Registrars to an issue and/or share

transfer agents as may be authorised in this behalf by the Chairman and

Managing Director or the designated official and the passwords if any, and the

electronic lecurity control lyitemi shall be kept confidential under the custody

of the said persons,

(II) The access by the authorised persons ihell be recorded In loe» by the

computer system and iuoh logs shall be preserved with the officials/perrons

designated In this behalf by the Chairman and Managing Director or the

designated official.

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1519

(ill) Copies of the back-ups shall be taken on removable media at intervals as

may be specified from time to time by the Chairman and Managing Director or

the designated official, incorporating the changes made in the register of

shareholders.

At least one of these copies shall be stored in a location other

than the premises in which processing is being done. This copy shall be stored

in a fireproof environment with locking arrangement and at the

requisite

temperature. The access to the back-ups in both the locations shall be restricted

to persons authorised in this behalf by the Chairman and Managing Director or

the designated official. The persons so authorised shail record the access in a

manual register kept at the location.

(iv) It shall be the duty of the authorised persons to c ompare the data on the

back-ups with that on the computer system by using appropriate software to

ensure correctness of the back up.

The result of this operation shall be

recorded in the register maintained for the purpose.

(v) It shall be competent for the Chairman and Managing Director, by special or

general order, to add or modify the instructions, stipulations in regard to the

safeguards to be observed in maintaining the register of the shareholders in the

computer system with due regard to the advancement of technology, and/or in

the exigencies of situation or for any other relevant consideration.

10. Exercise of rights of Joint holders - If any share stands in the names of

two or more persons, the person first named in the register shall, as regards

voting, teceipt of dividends, service of notices and all or any other matters

connected with Canara Bank except the transfer of shares, be deemed to be the

sole holder thereof.

11. Inspection of register.

(i) The register shall, except when closed under Regulation 12, be open to

inspection of any shareholder, free of charge, at the place where it is maintained

during business hours subject to such reasonable restrictions as the Board may

impose, but so that not less than two hours in each working day shall be

allowed for inspection.

(ii) Any shareholder may make extracts of any entry in the register or computer

prints free of charge or if he requires a copy or computer prints of the register or

any part thereof, the same will be supplied to him on prepayment at the rate of

Rs.5/- for every 100 words or fractional part thereof required to be copied.

(iii) Notwithstanding anything contained in sub-regulation

(U), any duly

authorised officer of the Government shall have the right to make a copy of any

entry in the register or be furnished a copy of the register or any part thereof.

12. Closing of the register.

The Bank may, after giving not less than seven days previous notice by

advertisement in at least two newspapers circulating in India, close the register

of shareholders for any period or periods not exceeding in the aggregate forty-

five days in each year, but not exceeding thirty days at any one time as shall, in

its opinion, be necessary.

8—489 GI/2000

1520

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

13. Share Certificates -

(i) Each share certificate shall bear share certificate number, a distinctive

number, the number of shares in respect of whic l it is issued and the name of

the shareholder to whom it is issued and it shaJ be in such form as may be

specified by the Board.

(ii) Every share certificate shall be issued under the common seal of the Bank

in pursuance of a resolution of the Beard and at all be signed by two directors

«nd some other officer appointed by the Board for ±t purpose.

Provided that the signature of the directors may be printed, engraved,

lithographed or impressed by such other mcchan cal process as the Board may

direct.

(iii) A signature so printed, engraved, lithographed or otherwise impressed shall

be as valid as a signature in the proper handwriting of the signatory himself.

(iv) No share certificate shall be valid unless and until it is so signed. Share

Certificate so signed shall be valid and binding notwithstanding that, before the

issue thereof, any person whose signature appears thereon may have ceased to

be a person authorised to sign share certificates on behalf of the Bank.

(v) Should the share certificate so prepared contain the signature of an

authorised person, as stated in sub- clause (ii) above, who however is dead at

the time of issue of the certificate, the Bank may, by a method considered by it

as most suitable, cancel the signature of such a person appearing on the

certificate and have the signature of any other authorised person affixed to it.

The share certificate so issued shall be valid.

14. Issue of share certificates.

(i) While issuing share certificates to any shareholder, it shall be competent for

the Board to issue the certificates on the basis of one certificate for every

hundred shares or multiples thereof registered in his name on any one occasion

and one additional share certificate for the number of shares in excess thereof

but which are less than hundred.

(il) If the number of shares to be registered is less than hundred, one certificate

shall be issued for all the shares.

(iii) In respect of any share or shares held jointly by several persons, the Bank

shall not be bound to issue more than one certificate, and delivery of a

certificate for a share to one of several joint holders shall be sufficient delivery to

all such holders.

15. Renewal of Share Certificates.

(i) If any share certificate is worn out or defaced, the Board or the Committee

designated by it on a production of such certificate may order the same to be

cancelled and have a new certificate issued in lieu thereof.

(ii) If any share certificate 13 alleged to be lost or destroyed, the Board or the

Committee designated by it on such indemnity with or without surety as the

Board or the Committee thinks fit, and on publication in two newspapers and on

PAm III—SEC. 41

THE GAZETTE OF INDIA. MARCH 3, 2001 (PHALOUNA 12, 1922)

1521

payment to Canara Bank of its costs, charges and expenses, a duplicate

certificate in lieu thereof may be given to the person entitled to such lost o r )

destroyed certificate.

16. Consolidation and tub-division of shares;

On a written application made by the shareholders), the Board or the

Committee designated by it may consolidate or sub-divide the shares submitted

to it for consolidation/ sub- division as the case may be and issue a new

certificate(s) in lieu thereof on payment to the Bank of its costs, charges and

expenses of and incidental to the matter.

17. Transfer of Shares:

(i) Every transfer of the shares of the Bank shall be by an instrument of transfer

in Form "A" annexed hereto or in such other form as may be approved by the

Bank from time to time and shall be duly stamped, dated and executed by or on

behalf of the transferor and the transferee along with the relative share

certificate.

(ii) The instrument of transfer along with the share certificate shall be submitted

to the Bank at its Head Office and the transferor shall be deemed to remain the

holder of such shares until the name of the transferee is entered in the share

(iii) Upon receipt by the Bank of an instrument of transfer along with a share

certificate with a request to register the transfer, the Board or the Committee

designated by the Board shall forward the said instrument of transfer along with

share certificate to the Registrar and/or Share Transfer Agents for the purposes

of verification that the technical requirements are complied with in their

entirety.

The Registrar and/or Share Transfer Agent shall return the

instrument of transfer along with the share certificate if any to the transferee for

resubmission unless:

(a) The instrument of transfer is presented to the Bank, duly stamped and

properly executed for registration and is accompanied by the certificate of the

shares to which it relates and such other evidence as the.Board may require to

show the title of the transferor to make such transfer.

(b) The Registrar is satisfied that the transferee is qualified to be registered as a

shareholder of the Bank in respect of the shares covered by the instrument of

transfer.

(iv) The Board or the Committee designated by the Board shall unless it

declines to register the transfer under Regulation 19 hereinafter cause the

transfer to be registered.

18. Power to suspend transfers: - The Board or the Committee designated by

the Board shall not register any transfer during any pcnod in which the register

is closed.

1522

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART HI—SEC. 4

19. Boards right to refuse registration of transfer of shares: -

(i) The Board may refuse transfer of any shares in the name of the transferee

on any one or more of the following grounds, and on no other grounds: -

(a) The transfer of shares is in contravention of the provisions of the Act or

regulations made thereunder or any other law or that any other requirement

under the law relating to registration of such transfer has not been complied

with;

(b) the transfer of shares, in the opinion of the Board, is prejudicial to

the interests of the Bank or to public interest;

other authority under any law for the time being in force;

(d) an individual or company resident outside India or

any company

incorporated under any law not in force

India or any branch of such

company

whether

resident outside India or not will on the transfer being

allowed

hold or acquire as a result thereof, shares of the Bank

and such

investment in the aggregate will exceed the percentage being more than 20%

(twenty) of the paid up capital or as may be specified by

the

Central

Government by notification in the Official Gazette.

Provided however, that the powers of refusal mentioned in sub-regulation

(i) (c) above may be exercised by the Committee designated by the Board in this

behalf.

(ii) The Board shall, after the instrument of transfer of shares of the Bank is

lodged with it for the purpose of registration of such transfer, form its opinion as

to whether such registration ought or ought not to be refused on any of the

grounds referred to in sub-regulation (i) -

(a) If it has formed the opinion that such registration ought not to be so

refused, effect such registration; and

(b) If it has formed the opinion that such registration ought to be refused on

anyof the grounds mentioned in sub-regulation (i), intimate the transferor and

the transferee by notice in writing within 60 days from the receipt of the transfer

form.

20. Transmission of shares in the event of death, Insolvency etc:

(i) The executors or administrators of a deceased shareholder in respect of a

share, or the holder of letter of probate or letters of administration with or

without the will annexed or a succession certificate issued under Part X of the

Indian Succession Act, 1925, or the holder of any legal representation or a

person in whose favour a valid instrument of transfer was executed by the

deceased sole holder during the latters lifetime shall be the only person who

may be recognised by Canara Bank as having any title to such share,

(ii) In the case of shares registered in the name of two or more shareholders,

the survivor or survivors and on the death of the last survivor, his executors or

administrators or any person who is the holder of letter of probate or letters of

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1523

administration with or without will annexed or a succession certificate or any

other legal representation in respect of such survivor's interest in the share or a

person in whose favour a valid instrument of transfer of share was executed by

such person and such last survivor during the latter's lifetime, shall be the

only person who may be recognised by Canara Bank as having any title to such

share.

(iii) Canara Bank shall not be found to recognise such ercecutors or

administrators unless

they

shall have obtained

probate or letters of

administration or succession certificate, as the case may be, from a Court of

competent jurisdiction.

Provided, however, that in a case where the Board in it J discretion

thinks fit, it shall be lawful for the Board to dispense with the production of

letters of probate or letters of administration or succession certificate or such

other legal representation, upon such terms as to indemnity or otherwise as it

may think fit.

(iv) Any such person becoming entitled to a share in consequence of death

of a shareholder and any person becoming entitled to a share in consequence of

the insolvency, bankruptcy or liquidation of a shareholder shall upon production

of such evidence, as the Board may require, have the right -

(a) to be registered as a shareholder in respect of such share.

(b) to make such transfer of such share as the person from whom he

derives title could have made.

21. Shareholder ceasing to be qualified for registration - It shall be the duty

of any person registered as a shareholder, whether solely or jointly with another

or others forthwith upon ceasing to be qualified to be so registered in respect of

any share to give intimation thereof to the Board of Directors in this regard.

22. Calls on shares - The Board may, from time to time, make such calls as it

thinks fit upon the shareholders in respect of all moneys remaining unpaid on

the shares held by them, which are by the conditions of allotment not made

payable at fixed times, and each shareholder shall pay the amount of every call

so made on him to the person and at the time and place appointed by the Board.

A call may be payable by instalments.

23. Calls to date from resolution - A call shall be deemed to have been made

at the time when the resolution of the Board authorising such call was passed

and may be made payable by the shareholders on the register on such date or at

the discretion of the Board on such subsequent date as may be fixed by the

Board.

24. Notice of call - A notice of not less than thirty days of every call shall be

given specifying the time of payment provided that before the time for payment

of such call the Board may by notice in writing to the shareholders revoke the

same.

25. Extension of time for payment of call - The Board may, from time to time

and at its discretion, extend the time fixed for the payment of any call to all or

1524

THE GAZETTE OF INDIA, MARCH 3, 20OI (PHALGUNA 12, 1922)

[PART III^SEC. 4

any of the shareholders having regard to distance of their residence or some

other sufficient cause, but no shareholder shall be entitled to such extension as

a matter of right.

26. Liabilities of Joint holdei* - The joint holders of a share shall be jointly

and severally liable to pay all calls in respect thereof.

27. Amount payable at fixe 1 time or by Instalments as calls - If by the

terms of issue of any share or oi herwise any amount is payable at any fixed time

or by instalments at fixed tim;s, every such amount or instalment shall be

payable as if it were a call duly made by the Board and of which due notice had

been given and all the provisio is herein contained in respect of the calls shall

relate to such amount or install lent accordingly.

28. When Interest on call or instalment payable - If the sum payable in

respect of any call or instalment is not paid on or before the day appointed for

payment thereof, the holder for tlie time being or allottee of the share in respect

of which a call shall have been made, or the instalment shall be due, shall pay

interest on such sum at such rate as the Board may fix from time to time, from

the day appointed for the payment thereof to the time of actual payment, but the

Board may at its discretion waive payment of such interest wholly or in part.

29. Non-payment of calls by shareholder • No shareholder shall be entitled

to receive any dividend or to exercise any right of a shareholder until he shall

have paid all calls for the time being due and payable on every share held by

him, whether singly or jointly with any person, together with interest and

expenses, as may be levied or charged.

30. Notice on non-payment of call or Instalment - If any shareholder fails

to pay the whole or any part of any call or instalment or any money due in

respect of any shares either by way of principal or interest on or before the day

appointed for the payment of the same, Canara Bank may at any time thereafter

during such time as the call or instalment or any part thereof or other moneys

remain unpaid or a judgement or decree in respect thereof remains unsatisfied

in whole or in part, serve a notice on such shareholder or an the person (if

any> entitled to the share by transmission, requiring him to pay such call or

instalment or such part thereof or other moneys as remain unpaid together

with any

interest that may have accrued and all expenses (legal or

otherwise) that may have been paid or incurred by Canara Bank by reason of

such non-payment.

31. Notice of forfeiture - The notice or forfeiture shall name a day not being

less than fourteen days from the date of the notice and the place or places on

and at which such call or instalment or such part or other monies and such

interest and expenses as aforesaid are to be paid- The notice shall also state

that in the event of non-payment on or before the time and at the place

appointed, the share in respect of which the -call was made or instalment Is

payable will be liable to be forfeited.

32. Shares to be forfeited on default - If the requirements of any such notice

as aforesaid are not complied with, any of the shares in respect of which such

notice has been given may at any time thereafter for non-payment of ail calls or

PART III—SBC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

M25

instalments, interest and expenses or the money due in respect thereof, be

forfeited by a resolution of the Board to that effect. Such forfeiture shall include

all dividends declared in respect of the forfeited shares and not actually paid

before the forfeiture.

33. Entry of forfeiture In the register - When any share has bee.n forfeited

under Regulation 32, an entry of the forfeiture with the date thereof shall be

made in the register.

34. Forfeited share to be property of Canara Bank and may b« sold- Any

share so forfeited shall be deemed to be the property of Canara Bank and may

be sold, reallotted or otherwise disposed of to any person upon such terms and

in such manner as the Board may decide.

35, Power to annul forfeiture - The Board may, at any time, before any share

so forfeited under Regulation 32 shall have been sold, reallotted or otherwise

disposed of, annul the forfeiture thereof upon such conditions as it may think

fit.

36. Shareholder liable to pay money owing at th« tlm* of

forfsitnr* and

interest - Any shareholder

whose

shares

have been forfeited shall,

notwithstanding the

forfeiture, be liable to pay and shall forthwith

pay

Canara Bank all calls, instalments, interest, expenses and other moneys owing

upon or in respect of such shares at the

time of forfeiture with interest

thereon from the time of forfeiture until payment at such rate as may

specified by the Board and the Board may enforce the payment

of the

whole or a portion thereof.

37. Partial payment not to preclude forfeiture - Neither a judgement nor a

decree in favour of Canara Bank for calls or other monies due in respect of any

shares nor any payment or

satisfaction thereunder nor the receipt by Canara

Bank of a

portion of any money which shall be due from any shareholder

from time to time in respect of any shares either by way of principal or interest

nor any indulgence granted by Canara

Bank in respect of payment of any

money shall preclude the forfeiture of such shares under these regulations.

38. Forfeiture of share extinguishes all claims against Bank - The forfeiture

of a share shall involve extinction, at the time of the forfeiture, of all interest in

and all claims and demands against the Bank, in respect of the share and all

other rights incidental to the share, except only such of

those rights as by

these presents expressly waived.

39. Original shares null and void on sale, re-issue, re-allotment or disposal

on being forfeited - Upon any sale, re-issue, re-allotment or other disposal

under the provisions

of the preceding regulations, the certificate(s) originally

issued in respect of the relative shares shall (unless

the

same shall on

demand by the Bank have been previously

surrendered to it

the

defaulting member)

stand

cancelled and become null and void and of no

effect. The Board shall be entitled to issue a new certificate or certificates in

respect of the said shares to the person or persons entitled thereto.

40. Application of forfeiture provisions - The provisions of these regulations

as to the forfeiture shall apply in the case of non-payment of any sum which

1526

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

|PARI III—SLC. 4

by terms of issue

of a

share become payable at a fixed time, whether on

account of nominal value of the shares or by way of premium as if the

same

had been payable by virtue of a call duly made.

41. Lien on shares -

(i) The Bank shall have a first and paramount lien -

(a) on every share (not being a fully-paid share), for all moneys (whether

presently payable or not)

called,

or payable at a fixed time, in

respect of that share;

(b) on all shares (not being fully paid

shares) standing registered in

the name of a single person, for all moneys presently payable by him

or his estate to the Bank.

solely or jointly with others) and upon the proceeds of sale thereof

for his debts,

liabilities, and engagements, solely or jointly with

any other person to or with the Bank, whether the period for the

payment, fulfillment, or discharge

thereof shall have actually

arrived or not and no

equitable interest in any share shall be

recognised by the Bank over its lien.

Provided that the Board of Directors may at any time declare any share to

be wholly or in part exempt from the provisions of this clause.

(ii) The Bank's lien, if any, on a share shall extend to all dividends payable

thereon.

42. Enforcing lien by sale of shares -

(j) The Bank may sell, in such manner as the Board thinks fit, any shares

on which the company has a lien :

(a) if a sum in respect of which the lien exists is presently payable, and

(b) after the expiration of fourteen days after a notice in writing stating

and demanding payment of such part of the amount in respect of

which the lien exists as is presently payable, has been given to

the registered holder for the time being of the share or the person

entitled thereto by reason of his death

or insolvency.

(ii) To give effect to any such sale, the Board may authorise

some officer to

transfer the shares sold to the purchaser thereof.

43. Application of proceeds of sale of sharer - The net proceeds of any sale of

shares under Regulation 42 after deduction of costs of such sale, shall be

applied in or towards the satisfaction of the debt or liability in respect whereof

the lien exists so far as the same is presently payable and the residue, if any, be

paid to the shareholders or the person, if any, entitled by transmission to the

shares so sold.

PART III—SEC. 4]

THE GAZETTE OP INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1527

44. Certificate of forfeiture - A certificate in writing

under the hands of

any director, -or any other officer of

Canara Bank duly authorised in this

behalf, that the call in respect of a shar; was made and that the

forfeiture

of the share was made by a resolution of the Board to that effect, shall be

conclusive evidence of the fact

stated

therein as against all persons

entitled to such shares.

45. Title of purchaser and allottee of fcrfelted share - Canara Bank may

receive the consideration, if any, given for the share on any sale, reallotment or

other disposition thereof and the pcrrcon to v horn such share is sold, reallotcd or

disposed of may be registered as the holder jf the share and shall not be bound

to see to the application of the consideration, if any, nor shall his title to the

share be affected by any irregularity or invalidity in the proceedings in reference

to the forfeiture, sale, reallotment or other

disposal of the share and the

remedy of any person aggrieved

by the sale shall be in damages only and

against Canara Bank exclusively.

46. Service of a notice or document to shareholders -

(i) The Bank may serve a notice or a document on any

shareholder

either personally, or by ordinary post at his

registered address or if he

has no registered address in

India, at the address, if any, within India

supplied by him to the Bank for giving of notice to him.

(ii) Where a document or a notice is sent by post, the

service of such

document or notice

shall

deemed

effected by

properly

addressing, prepaying and posting a

letter containing the document or

notice:

Provided that where a shareholder has intimated to the Bank in advance

that documents should be sent to him under a

certificate of posting or by

registered post, with or without

acknowledgment due and has deposited

with the Bank a sum

sufficient to defray the expenses of doing so,

service of the document or notice shall not be deemed to be effected unless

it is sent in the manner intimated by the shareholder. And

such service

shall be deemed to have been effected in the case of a notice of a meeting

at the expiration of forty eight hours after the letter containing the same

is posted,

and in any other case, at the time at which the letter would

have been delivered in the ordinary course of post.

(iii) A notice or a document advertised in a newspaper widely

circulated in

India shall be deemed to be duly served on

the

day on which the

advertisement appears on every shareholder

of the Bank who has no

registered address in India and has not supplied to the Bank an address

within India- for giving of notice to him.

(iv) A notice or document may be served by the Bank on the joint holder

of a share by effecting service

the

joint-holder named first in the

respect

of the share and notice so given shall be sufficient

notice to all the holders of the said shares.

9^489 GI/2000

1528

THE GAZETTE OF INDIA. MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

(v) A notice or a document may be served by the Bank on the persons entitled

to a share upon death or in consequence of the insolvency of a shareholder by

sending it through post in a prepaid letter addressed to them by name, or by the

title of representatives of the deceased, or assignees of the insolvent, )r by any

like description, at the address, if any, in India supplied for the purpc se by the

persons, claiming to be so entitled, or until such an address has been so

supplied, by serving the document in any manner in which it might have been

served if the death or insolvency had not occurred.

(vl) The signature to any notice to be given by the Canara

Bane may be

written or printed.

CHAPTER m

SECURITIES OF THE BANK HELD IN A DEPOSITORY

47. Agreement between a depository and tha Bank - The Bank may enter

into an agreement with one or more depository to

avail of its services in

respect of securities issued by the Bank.

48. Agreemeot bstwetn a participant and tha depository

(i) Any participant may enter into an agreement with the

depository to

act as its agent. The depository with whom the agreement will be

entered Into will be one whose services the Bank has agreed to avail of

under Regulation 47.

(U) Any shareholder of the Bank may through the

participant enter

into an agreement with the depository In tha form apaclflsd by such

depository for availing its services in respect of securities issued by the

Bank.

49. Surrender of cerUfloate of security

(i) Any shareholder or holder of any security of the Bank

who has entered

Into an agreement under Regulation 48

above, shall surrender the

certificate of security in

respect of which he seeks to avail the

service of a depository to the Bank.

(ill The Bank on receipt of the certificate of security

under sub-

regulation

(i) above, shall

cancel

the certificate of security and

substitute in its record the

name of the depository as a registered

owner in respect of that security and inform the depository accordingly.

(iii) A depository shall, on receipt of information under sub-regulation (U)

aboverenter the name of the person referred to in sub-regulation (I)

above! in it9 records as the beneficial owner.

50 Registration of transfer of securities with depository-Every depository

shall on receipt of intimation to effect transfer from the Bank register

the transfer of securities in the name of the transferee.

PART III—SFC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1529

51. Option to receive security certificate or to hold the

security held

with a depository:

(i) Every person subscribing to securities offered by the Bank, shall have

option either to receive security certificate or hold the security with the

depositor}.

(ii) When a oerson opts to hold security with the depository

the Bank shall

intimate s jch depository details of allotment of securities and on receipt

of such i lformation, the depository shall enter in its register, name of the

allottee E S the beneficial owner of that security.

52. Securities In depository to be in a fungible form - All securities held by

the depository shall be dematerialised and shall be in a fungible form.

53. Rights of beneficial owner - The beneficial owner shall be entitled to all

the rights and benefits and be subjected to all the liabilities in respect of his

securities held by the depository.

54. Register of beneficial owner

(i) Every depository shall maintain a register and an index

of beneficial

owners in such form as may be prescribed under

the Depositories Act,

1996 or by SEBI in respect

securities of the Bank held by the

depository.

(ii) The depository shall furnish the Bank at such

intervals

as may be

prescribed by the Bank, an updated copy of the register and index of the

beneficial owners maintained by it.

55. Option to opt out in respect of any securities

(i) If the beneficial owner seeks to opt out from the depository in respect

of any security, he shall inform the depository accordingly.

(ii) The depository shall

on receipt of such

intimation

under sub-

regulation (i) above make appropriate entries in

its records and shall

inform the Bank.

(iii) The Bank shall within 30 (thirty) days of the receipt

of intimation from

the depository and on fulfillment

of such conditions and on payment

of such fees as may be

specified in the

SEBI

Depositories

and

Participants

Regulations 1996 and/or the Depositories Act, 1996, issue a

certificate of security to the beneficial owner or

the transferee as the

case may be.

1530

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

CHAPTER IV

MEETINGS OF SHAREHOLDERS

56. Notice convening an Annual General Meeting

(i) A notice convening an Annual General Meeting of tJ le shareholders signed

by the Chairman and Managing Director or Executive Director or any

authorised official of Canara Bank shall be published at least twenty-one

clear days before the meeting in not less than two daily newspapers

having wide circulation in India.

(ii) Every such notice shall state the time, date and place of such meeting,

and also the business that shall be transacted at that meeting.

(iii) The time and date of such meeting shall be as specified by the

Board. The meeting shall be at the place of Head Office of Canara

Bank.

57. Extraordinary General Meeting -

(i) The Chairman & Managing Director or in his absence the

Executive

Director of the Bank or in his absence any one

the directors of the

Bank may convene an Extraordinary General Meeting of shareholders

if so directed by the

Board, or on a requisition for such a meeting

having been received either from the Central Government or from other

shareholders holding shares, carrying, in the aggregate, not

less than ten

percent of the total voting rights of all the shareholders.

(ii) The requisition referred in sub-regulation (i) shall state the purpose for

which Extraordinary General Meeting is required to be convened, but may

consist of several documents in like form each signed by one or more of

the requisitionists.

(iii) Where two or more persons hold any shares jointly, the

requisition or a

notice calling a meeting, signed by one or

more of them shall, for the

purpose of this regulation have the same force and effect as if it had been

signed by all of them.

(iv) The time, date and place of the Extraordinary General

Meeting shall be

decided by the Board :

Provided that Extraordinary General Meeting convened on the requisition by

the Central Government or other shareholder shall be convened not later

than forty-five days of the receipt of the requisition.

PART HI—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 200' (PHAU3UNA 12, 1922)

1531

(v) If the Chairman and the Managing Director or in his absence the Executive

Director, aa the case may be, does not convene a meeting as required by

sub-regulation

(i), within the period stipulated in the proviso to sub-

regulation (iv), the meetng may be called by the requisitionists themselves

within three months from the date of requisition:

Provided that nothing in this sub-regulation shall be deemed to prevent a

meeting duly convened before the expiry of the period of three months

aforesaid, from being adjourned to some day after the expiry of that

period.

(vi) A meeting called undn- sub-regulation (v) by the requisitionists shall

be called in the same manner as nearly

as possible as that in which the

other general meetings are called by the Board.

58. Quorum of general meeting -

(i) No business shall be transacted at any meeting of the shareholders unless

a quorum of at least five shareholders entitled to vote at such meeting in

person are present at the commencement of such business.

(ii) If within half an hour after the time appointed for

the

holding of a

meeting, a quorum is not present, in the case of

a meeting called by a

requisition of shareholders other

than

the Central Government, the

meeting shall stand dissolved.

(iii) In any other case if within half an hour after the time

appointed for the

holding of a meeting, a quorum is not present, the meeting shall stand •

adjourned to the same day in the next week, at the same time and place or

to such other

day and such other time and place as the Chairman

may determine. If at the adjourned meeting a quorum is not present

within half an hour from the time appointed for

holding the meeting,

the shareholders who are present in

person or By proxy or by duly

authorised representative at such adjourned meeting shall be quorum and

may transact the business for which the meeting was called:

Provided that no Annual General Meeting shall be adjourned to a date later

than the date within which such Annual General Meeting shall be held

in terms of Section 10A (l)-of the Act and if adjournment of the meeting

to the same day in the following week would have this effect, the Annual

General Meeting shall not be adjourned but the business of the meeting

shall be commenced within one hour from the time appointed for the

meeting if the quorum is present or immediately after the expiry of one

hour from that time and those shareholders who are present in

person or by proxy or by duly authorised representative at such

time shall form the quorum.

1532

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

39. Chairman at general meeting -

(i) The Chairman and Managing Director or in his absence, the Executive

Director or in his absence such one of the directors as may be generally

or in relation to particular meeting be authorised by the Chairman and

Managing Director or in his absence, the Executive Director in this

behalf, shall be the Chairman of the Meeting and if the Chairman and

the Managing Director or the Executive Director or any other director

authorised in this behalf is not present, the meeting may elect any other

director present to be the Chairman of the Meeting.

(ii) The Chairman of the General Meeting shall regulate the procedure at

General Meetings and in particular shall have power to decide the order

in which the shareholders may address the meetings to fix a time limit

for speeches, to apply the closure, when in his opinion, any matter has

been sufficiently discussed and to adjourn the meeting.

60. Persona entitled to attend general meetings -

(i) All directors and all shareholders of Canara Bank shall, subject to the

provisions of sub- regulation (ii), be entitled to attend a general meeting.

(ii) A shareholder (not being the Central Government) or a director, attending a

General Meeting shall for the purpose of identification and to determine his

voting rights, be required to sign and deliver to the Bank a form to be

specified by the Chairman containing particulars relating to -

(a) his full name and registered address;

(b) the distinctive numbers of his shares;

entitled in person or by proxy or as a duly authorised representative.

61. Voting at General Meetings -

(i) At any general meeting, a resolution put to the vote of the meeting shall,

unless a poll is demanded be decided on a show of hands.

(ii) Save as otherwise provided in the Act every matter

submitted to a

General Meeting shall be decided by majority of votes.

(iii) Unless a poll is demanded under sub-regulation

(i), a declaration by the

Chairman of the meeting that a resolution on show of hands has or has not

been carried either unanimously or by a particular majority and'an entry to

that effect in the books containing the minutes of the proceedings, shall be

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2801 (PHALGUNA 12, 1922)

1533

conclusive evidence of the fact, without proof of the number of proportion of

the votes cast in favour of, or against, such resolution.

(iv) Before or on the declaration of the result of the voting on any resolution on

a show of hands, a poll may be ordered to be taken by the Chairman of the

meeting of his own motion, and shall be ordered to be taken by him on a

demand made in that behalf by any shiire holder or shareholders present in

person or by proxy and holding shares in Canara Bank which confer a power

to vote on the resolution not being le is than one fifth of the total voting

power in respect of the resolution.

(v) The demand for a poll may be withdi awn at any time by the

person or

persons who made the demand.

(vi) A poll demanded on a question of adjournment

election of

Chairman of the meeting shall be taken forthwith.

(vii) A poll demanded on any other question shall be taken

at such time

not being later than forty-eight hours from the time when the demand

was made, as the Chairman of the meeting may direct.

(vlii) The decision of the Chairman of the meeting as to the qualification of

any person to vote, and also In the case

of poll, as to

the

number

votes any person is competent to exercise shall be final.

63. Minutes of general meetings

(i) Canara Bank shall cause the minutes of all proceedings to be maintained

in the books kept for the purpose,

(il) Any such minutes, if purporting to be signed by the

Chairman of the

meeting at which the proceedings were held, or

by the Chairman of the

next succeeding meeting, shall be evidence of the proceedings.

(iii) Until the contrary

is proved, every general meeting In respect of

the proceedings hereof minutes have been so made shall be deemed to

have been duly called and held, and all proceedings held thereat to

have been duly held.

CHAPTER V

ELECTION OF DIRECTORS

63. Directors to be elected at general meeting

(i) A director under clause (1) of sub-section (3) of section 9 of the Act shall be

elected by the shareholders on the

register, other than the Central

Government, from amongst

themselves in the general meeting of Canara

Bank.

(ii) Where an election of a director is to be held at any general meeting, the

notice thereof shall be included in the

notice convening the

meeting.

1534

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

Every such notice shall specify the number of directors to be elected

and

the particulars of vacancies in respect of which the election is to be

held.

64. List of shareholders

(i) For thr purpose of Hcetion of a director under

sub-

regulation (i) of

Regulation

these

regulation!*,

list shall be pit:pared of

shareholders of the register by whom the direc or is. to be elected.

(ii) The list shall contain the names of the shai ^holders, their registered

addresses, the number and denoting

numbers

of shares held by them

with the dates on which the

shajres

were reg stered and the number of

votes

to which

they

will be entitled on the ddte fixed for the meeting at

which

the election will take place and copies df the list shall be

available

for purchase at least three weeks before the date

fixed for the meeting at

a price to be fixed by the Board

the Management Committee, on

application at the Head Office.

65. Nomination of candidates for election

(i) No nomination of a candidate

for

election

as a

director shall be

valid unless,

(a) he is a shareholder holding 100 shares in Canara Bank;

(b) he is on the last date for receipt of nomination,

not disqualified to be

a director under the Act or under

the Scheme;

(c) he has paid all calls in respect of the

shares of the Bank held by him,

whether alone or jointly with others, on or before the last date fixed for the

payment of the

call;

(d)

the

nomination

writing signed by at least one hundred

shareholders entitled to

elect

directors under the Act or by their

duly constituted

attorney, provided that a nomination by shareholder

who is a company may be made by a resolution of the directors

of the

said company and where it is so made, a copy

the resolution

certified to be a true copy by the

Chairman

of the meeting

which

it was passed shall

despatched to the Head Office of Canara

Bank and such

copy shall be deemed to be a nomination on behalf of

such

company;

(e) the nomination accompanies or contains a declaration signed by the

candidate before

Judge, Magistrate, Registrar or Sub-registrar

Assurances or other Gazetted officer or an officer of the Reserve Bank

of India or any nationalised Bank, that he accepts the nomination and

is willing to stand for election, and that he

is not disqualified either

under the Act or the Scheme or these regulations from being a director.

(ii) No nomination shall be valid unless it is received with

all the connected

documents complete in all respects and

received, at the Head Office of

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1535

Canara Bank on a working day not less than fourteen days before the

date fixed for meeting.

66. Scrutiny of nominations

(i) Norninations shall be scrutinised on the first working day following the date

fixed for receipt of, (he norninations and in case any nomination is not

found to be valid, "he same shall be rejected after recording the reason

therefor. If there s only one valid nomination for any particular vacancy

to be filled by electir n, the candidate so nominated shall be deemed to be

elected forthwith and his name and address

shall be published as so

elected. In such an

event

there

shall not be any election at the

meeting convened for the purpose and if the meeting had been called

solely for

the purpose of

the aforesaid

election, it shall

stand

cancelled.

(ii) In the event of

election being held, if valid nominations are

more than the number of directors to be elected, the candidate polling the

majority of votes shall be deemed to have been elected.

(iii) A director elected to fill an existing vacancy

shall

be deemed to have

assumed office from the date

following

that on which he is, or is

deemed to be elected.

67. Election disputes

(i) If any doubt or dispute shall arise as

the

qualification or

disqualification of a person deemed, or declared to be elected, or as

to the validity of the

election of a director, any person

interested,

being a candidate or shareholder entitled to vote at such election, may,

within seven days of the date of the declaration of the result of such

election,

give

intimation

in writing

thereof to the Chairman and

Managing Director of Canara Bank

and shall in the said intimation give

full particulars of the ground upon which he doubts or disputes

the validity of the election.

(ii) On receipt of an intimation under sub-regulation (i), the Chairman and

Managing Director or in his absence, the Executive Director of Canara

Bank shall forthwith refer such doubt or dispute for the decision of a

Committee consisting of the Chairman and Managing Director or in his

absence, the Executive Director and any two

the

directors

nominated under clauses (b) and (c) of sub-section (3) of Section 9 of the

Act.

(iii) The Committee referred to in sub-regulation (ii) shall make such enquiry

as it deems necessary and if it finds that

the election was a valid

election, it shall confirm the

declared result of the election or, if it

finds that the election was not a valid election, it shall, within 30 days

of the commencement of the enquiry, make such order and give such

directions including the holding of a fresh

election as shall in the

circumstances appear just to the Committee.

(iv) An order and direction of such Committee in pursuance of this regulation

shall be conclusive.

10—489 GI/2000

1536

THE GAZETTJE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART HI—SEC. 4

CHAPTER VI

VOTING RIGHTS OF SHAREHOLDERS

68. Determination of voting rights -

(i) Subject to the provisions contained in section 3 (2E) of

the Act, each

shareholder who has been registered as a

shareholder on the date of

closure of the register prior to the date of a general meeting shall, at such

meeting, have one vote on show of hands and In case of a poll shall have

one vote for each share held by him.

(li) Subject to the provisions contained in Section 3 (2EJ of

the Act, every

shareholder entitled to vote as aforesaid who,,

not being a company, is

present in person or by proxy or who being a company is present

duly

authorised

representative, or by proxy shall have one vote on a

show of hands and in case of a poll shall have one vote for each

held by him as stated hereinabove in

sub- regulation (i).

Explanation - For this chapter, "company means any body corporate.

(iii) Shareholders of the Bank entitled to attend and vote at a general meeting

shall be entitled to appoint another person

(whether a shareholder or not)

as his proxy to attend and

vote instead of himself; but a proxy so

appointed shall not have any right to speak at the meeting.

69. Voting by duly authorised re pro tentative -

(i) A shareholder, being the Central Government or a company,

may by a

resolution, as the case may be, authorise any of its

officials or any other

person to act as its representative at

any general meeting of the

shareholders and the person

authorised (referred to as a. "duly

authorised representative" in these regulations) .shall be entitled to exercise

the same powers on behalf of the Central Government or company which

he represents, as if he were an individual shareholder of Canara Bank.

The authorisation so given may be in

favour

two persons in the

alternative and in such a case any one of

such persons may act as the

duly authorised representative of the Central Government/company.

(ii) Jfo person shall attend or vote at any meeting of the shareholders of Canara

Bank as the duly authorised representative of a company unless a copy of

the resolution appointing him as a duly authorised representative certified to

be a true copy by the Chairman of the meeting at which it was passed shall

have been deposited at the Head Office of the Canara Bank not less than

four days.before the date fixed for the meeting.

70. Proxies

(i) No instrument of proxy shall be valid unless, in the case

of an individual

shareholder, it is signed by him or by his

attorney duly authorised in

writing, or in the case of joint holders, it is signed by the shareholder first

named in the register or his attorney duly authorised in writing or in the

PAKT III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1537

case of the body corporate signed by its officer or an

attorney duly

authorised in writing:

provided that an instrument of

proxy shall be sufficiently signed by

any shareholder, who is, for any reason, unable to write his name, if his

mark is affixed thereto and attested by a Judge, Magistrate,

Registrar

or Sub-Registrar of Assurances or other Government gazetted officer or an

O licer of the Canara

Bank.

(ii) No proxy shall be valid unless it Is duly stamped

and a

copy thereof

di posited at the Head Office of Canara Bank not less than four days before

tl e date fixed for the meeting,

together with the power of attorney or

ot her authority

(if any) under which it is signed or a copy of that power of

attorney or other authority certified as a true copy by a

Notary Public or

a Magistrate unless such a power of attorney

or the other authority

previously deposited

and

registered with Canara Bank.

(iii) No instrument of proxy shall be valid unless it is in Form "B".

(Iv) An instrument of proxy deposited with Canara Bank shall

be irrevocable

and final.

(v) In the case of an instrument of proxy granted in favour

of two grantees in

the alternative, not more than one form shall be executed.

(vi) The grantor of an instrument of proxy under this

regulation shall

not be entitled to vote in person at the meeting to which such instrument

relates.

(vii) No person shall be appointed as duly authorised

representative or a

proxy who is an officer or an employee of Canara Bank.

1538

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART IH—SEC. 4

FORM *A'

SHARE TRANSFER FORM

(See sub-regulation (i) of Regulation 17)

FOR THE CONSIDERATION stated below the "Transferor(s)¹¹ named do hereby

transfer to the^hTransferee(s}" named, the shares specified below subject to the

conditions on which the said shares are now held by the Transferor(s) and the

Transferee(s) do hereby agree to accept and hold the said shares subject to the

condition aforesaid.

Full name of Company

Name of the recognised

Stock Exchange, where

dealt in, if any,

Description of Equity shares

No in

Figures

Distinctive

Numbers

Number in

words

From

Consideration

(in figures)

Consideration

(in words)

Corresponding

Certificate Nos.

Transferor(s) [Seller(s)|

particulars

Regd

Folio No.

Signature(s)

Name (s) in full

ikRT III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12. 1922)

1539

1 ATTESTATION

I hereby attest the signature of the

Transferor (s) herein mentioned

Signature

Name

Address / seal

Signature of witness

Name and address of witness

'ransferee(s) [Buyer(s)] Particulars

lame (s) in full

Signature (s)

Occupation

Address

Father's /Husband's Name

Transferee(s) existing

folio if any, in same

order of Names

Value of Stamps

affixed Rs

Dated thia

day of

two thousand

Place

For office u ie only

Checked by

Signature tallied by

Entered in Register of

Transfer- No

Folio

Company Code

Specimen

Signature(s) 2

of Transfer-

ee (s)

1540

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALOUNA 12, 1922)

[PART III—SEC. 4

Instructions for attestation ::

Attestation, where requir ;d (thumb impressions, marks, signature difference

etc.) should be done by a Magistrate, Notary Public or Special Executive

Magistrate or a similar authority holding a Public Office and authorised to

use the seal of his office e r a member of a recognised Stock Exchange through

whom the shares are intr xluced or a manager of the transferor's Bank.

NOTE :: Names must

)e rubber stamped preferably in a straight line.

Chronological order shou d be maintained.

Broker's clearing number should

be stated when delivery is jiven by a Clearing Member Bank.

Name of delivering

Broker or Clearing

Member

Date

POWER OF ATTORNEY / PROBATE /

DEATH CERTIFICATE /LETTERS

ADMINISTRATION

Registered with the Company

Date

Signature (not initials) of broker, bank,

company or Stock Exchange or clearing

house.

Lodged by:

Full address:

CERTIFICATE

RETURNED

(Fill in the name and address to

which

the

certificates

are

required to be returned)

Name and Address:

Share Transfer Stamps.

PAKT III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALOUNA 12, 1922)

1541

FORM *B'

FORM OF PROXY

(See sub-regulation (iii) of Regulation 70)

Folio No.

_____

(to be filled in-by the shareholder)

I / We, resident of

in the district of

in the

State

being a shareholder / share holders of the Canara Bank

hereby appoint Shri

, resident of

in the. district

of.

, in the State of

or failing him, Shri

resident of

•

, in the district

in the State of

as my / our proxy to vote for me / us and

on my / our behalf at the meeting of the shareholders of the Canara Bank to

be held on the

day of

20...

and

any adjournment

thereof.

Signed this

day of

20...

Name

Address

Affix revenue

stamp

1542

THE GAZETTE OF INDIA. MARCH 3,2001 (PHALGUNA 12, 1922)

[PART III-SBC. 4

HEAD OFFICE tI BANGALORE

CORRIGENDUM TO THE CANARA BANK

OFFICERS'

SERVICE

REGULATIONS 1979 NOTIFIED IN THE OFFICIAL 6AZETTE OF

INDIA, DATED. NOVEMBER 13,1999:

Regulation 23(ii'i)(B> - for the letters and figures "Ra.

350/*" occurring at both tha places in first and second

proviso, the letters and figures "R*s.5Q/ = " had been

ra«pectiv«Xy substi tuted u

- may be read as

- for the lettara and figures "R.s.35O/ = " occurring at

both the places in first and second proviso, the letters

and

f iguras

"Rs.300/^e"

had

b«sen

re-spectively

B.V. KAMATH

GENERAL MANGER

P A ^ m—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALOUNA 12, 1922)

1543

DATE: 16.01.2001

No.IRS: 124(B):7441 :NAK: In exercise of powers conferred by Section 19 of the Banking

Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and in

siipercession of the Canara Bank Officer Employees' (Acceptance Of Jobs in Private

Sector Concerns After Retirement) Regulations, 1979 and as amended vide Notification

No.IRS 1 1615 DRD dated 18.07.1995, the Board of Directors of the Canara Bank in

consultation with the Reserve Bank of India and with the previous approval of the Central

Government hereby makes the following Regulations, namely -

1. SHORT TITLE AND COMMENCEMENT:

1. These Regulations may be called Canara Bank Officer Employees' (Acceptance of

Jobs in Private Sector Concerns after Retirement) Regulations, 2001.

2. These Regulations shall come into force from the date of their publication the official

Gazette.

2. APPLICATION:

These Regulations shall apply to all Officer Employees of the bank except:-

(i)

Chairman of the Bank;

(ii)

Managing Director of the Bank;

(iii)

Whole time Director, if any;

(iv)

Officer Employees covered under the Bank's (Employees) Pension Regulations,

1995,

(v)

Those who are in casual employment or paid from contingency;

(vi)

The Award Staff;

(vii)

Officers on contract

ll^R9GI/2000

1544

THE GAZETTE OF INDIA. MARCH 3, 2001 fPHALGUNA 12. 1922)

FPART III—SEC. 4

3. DEFINITION:-

In these Regulations unless the context otherwise requires:-

(a) 'Bank' means Canara Bank;

(b) 'Board' means the Board of Directors of the Canara Bank;

of these regulations;

(d) 'Employment in private concerns' means:-

(i)

an employment in any capacity including that of an agent, under a company

(including a banking company), co-operative society, firm or individual

engaged in trading, commercial, industrial, financial or professional business

and includes also a directorship of such company (including a banking

company) and partnership of such firm, but does not include employment

under a body corporate, wholly or substantially owned or controlled by the

Central Government or a State Government;

(ii)

setting up practice, either independently or as a partner of a firm, as adviser or

consultant in matters in respect which the person;-

(a) has no professional qualifications and the matters in respect of which the

practice is to be set up or is carried on are relatable to his official

knowledge or experience, or

(b) has professional qualifications but the matters in respect of which such

practice is to be set up are such as are likely to give his clients an unfair

advantage by reason of his previous official position, or

officers of the bank.

EXPLANATION:- For the purpose of this clause, the expression "employment under a

co-operative society" includes holding of any office, whether the elective or otherwise,

such as that of President, Chairman, Secretary, Treasurer and the like, by whatever name

called in such society.

(e) 'Officer employee' means a person who has held a supervisory, administrative or

managerial post in the bank or any other person who was appointed and/or has

functioned as an officer of the bank at the time of his retirement by whatever

designation called.

4. ACCEPTANCE OF EMPLOYMENT AFTER RETIREMENT:-

(1) If a person who immediately before his retirement was holding the post of an

officer employee and wishes to accept any job in private concern before the

expiry of two years from the date of his retirement, he shall obtain the previous

sanction of the bank to such acceptance.

PART HI—SEC. 41

THE GAZETTE OF INDIA. MARCH 3. 2001 (PHALGUNA 12. 1922)

1545

(2) Subject to the provision of sub regulation (3), the bank may by order, in writing,

on the application by a person, grant, subject to such conditions, if any, as it may

deem necessary, permission, or refuse, for reasons to be recorded in the order,

permission to such person to take up the job in private concern specified in the

application.

(3) In granting or refusing permission under sub regulation (2) to a person for taking

up any commercial employment the bank shall have regard the following factors,

namely :-

(a)

the nature of the employment proposed to be taken up and the antecedents

of the employer;

(b)

whether his duties in the employment which he proposes to take up might

be such as to bring him into conflict with the bank;

(c)

whether the officer employee while in service had any such dealing with

the employer under whom he proposes to take employment as it might

afford a reasonable basis for the suspicion that such person had shown

favours to such employer;

(d)

whether the duties of the commercial employment proposed involve

liaison or contact work with bank;

(e)

whether his commercial duties will be such that his previous official

position or knowledge or experience under bank could be used to give the

proposed employer an unfair advantage;

(f)

the emoluments offered by the proposed employer; and

(g)

any other relevant factor.

(4) Where within a period of sixty days of the date of receipt of an application under

sub-regulation (2), the bank does not refuse to grant the permission applied for or

does not communicate the refusal to the applicant, the bank shall be deemed to

have granted the permission applied for;

Provided that in any case where defective or insufficient information is furnished

by the applicant and it becomes necessary for the bank to seek further

clarifications or information from him, the period of sixty days shall be counted

from the date on which the defects have been removed or complete information

has been furnished by the applicant.

(5) Where the bank grants the permission applied for subject to any conditions or

refuses such permission, the applicant may, within thirty days of the receipt of the

order of the bank to that effect, make a representation against any such condition

or refusal and the bank may make such orders thereon as it deems fit;

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALOUNA 12, 1922)

1547

Ministry of Defence

Cantonment Board, Dehra Dun Cantonment

Notification

Dehra Dun Cantt, the 22 January

2001

S.R.O. NO. Ix/60/Toll Tax/ - WHEREAS a public notice to

amand the notification of the Government of India in thf

Ministry of Dsfence number SRO/lx/60/Toll Tax/142 dated, the

20th May, 1989 was published on the 26th May, 2000 by affixing

a copy thereof In a conspicuous part of the Office of the

Cantonment Board, Dehra Dun, as required by section 61 of the

Cantonments Act, 1924 (2 of 1924) inviting objections and

suggestions from all persons likely to be affected thereby

t i l l the expiry of a period of thirty days from the date of

publication of the said notice;

AND WHEREAS, no objections or suggestions w*re received

from the public by the Cantonment Board, Dehra Dun;

NOW, THEREFORE, in exercise of the powers conferred by

section 60 of the Cantonments Act, 1924, the Cantonment Board,

Dehra Dun, with the previous sanction of the Central Government

hereby makes the following amendment in the said notification,

namely;

In the said notification, for the existing Schedule and

the entries relating thereto, the following Schedule and entries

shall be substituted, namely t-

1548

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

"SCHEDULE

SL.NC

2 .

3 .

4 .

5 .

6 .

8 .

9 .

10.

1 1 .

12.

1 3 .

14.

1 5 .

16*

17.

18.

19.

20.

2 1 .

22.

23*

2 4 .

2 5 .

NAME OF ARTICLES

RATES OF TOLL TAX

Laden Truck (upto 3 metric ton)

Laden Truck (upto 6 metric ton)

Laden Truck (above 6 upto 10 metric ton)

Laden Tempo (3 or 4 Wheeler)

Laden Station Wagon

Motor Bus (Laden with goods or Passengers)

Tractor Laden with goods

Tractor Trallor Laden with goods or Passengers

Car/Jeep Laden with goods

Scooter Rickshow Laden with goods

Jeep with Trailor Laden with goods

Punjabi Cart Laden with goods

Jhota Thela with on* Jhota Laden with goods

Jhota Thela with two Jhota Laden with goods

Laden Bullock Cart with one Bullock

Laden Bullock Cart with two Bullocks

Laden Tonga/Bug hi

Laden hand Cart driven by man

Tricycle and Rehri (Laden)

Horse, Pony (Animal Load)

Motor Cycle,Scooter,Laden with goods

Mini Bus (upto 16 seater) Laden with

Passengers or goods

Mini Bus upto 26 seater) Laden with

Passengers or goods

Bikram Laden with goods

Tractor/Commander/Tata Mobile Laden with

goods or Passengers

b 10.00

Ea 20.00

Gt 30*00

to 10.00

Rs 10.00

Rs 20.00

to 10.00

Rs 20.00

Us 10.00

to 05.00

Ss 15.00

to 10.00

Rs 10.00

Rs 15.00

Us 05.00

Bs 10.00

fis 05.00

Rs 05.00

i.'s 05.00

Rs 05.00

Ks 05.00

Rs 10.00

Rs 15.00

Hs 05.00

Is 10.00

NOTE i

Trucks having a capacity over 10 metric tons shall

be charged Ks 3/- extra for every additional metric

tonnage namely, F.s 30/- plus additional charges".

CAl.TUiJ^EWT bXECUTJJrtTOFFiCSV^ •

PART III—SEC. 4]

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

1549

MEDICAL COUNCIL OF INDIA

CORRIGENDUM

No. MCI-18(l)/2000-Med. - Corrigendum to the Postgraduate Medical Education

Regulations,2000 (published in the Gazette of India Part HI Section 4 dated the 7^th

October,2000).

Page 4421 Lines 1 to 9 Foj the existing entries including the long title, read the

following:-

"MEDICAL COUNCIL OF INDIA

POSTGRADUATE MEDICAL EDUCATION REGULATIONS,2000

NEW DELHI DATED THE 22 ^{N D} AUGUST,2000.

No.MCI-18(l)/2000-Med./ In exercise of the powers conferred by section 33, read with

section 20 of the Indian Medical Council Act, 1956 (102 of 1956), the Medical Council of

India, with the previous sanction of the Central Govt. hereby makes the following

regulations, namely:-"

(Dr.M.Sachdeva)

Secretary.

1550

THE GAZETTE OF INDIA, MARCH 3, 2001 (PHALGUNA 12, 1922)

[PART III—SEC. 4

EMPLC/EES ' _STATE INSURE CJ CORPORATION

]>TEW DELHI d a t e d tHe 1-^2-- "Lc~+\

No.

H-1V1WM/95-MP

x I n^{^}

of powers conferred by Section 46(2) of the Employees' State

insurance Act, 1948 (34 of 1948), read with Regulation 95-A^l

of the Employees' State Insurance(General)Regulations, 1950,

the Director General has fixed the

1st February, 2001

a 3

the date from which the medical benefits as laid down in the

said Regulation 95-A and the

Andhra Pradesh

Employees' State Insurance(Medical Benefit) Rules, 19 55,

shall be extended to the familicr of insured persons in the

following area in the State of

Andhra Pradesh

namely

"All the areas falling in the Revenue Villages of

Shameerpet; Sanpanbole, Lalgadl, Aliabad, Jaggamguda,

Turkapally, Laxmapur and Majidpur in Shameerpet Mandal

and Murharapally in Medchal Mandal of Rangareddy District.-

(R.C.SHAIWAJ

PRimH) BY THE MANAGHl, OOVEBNMEOT OF INDIA PRESS, PARD3ABAD, AND

PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 2 0 0 0