The Gazette of India
EXTRAORDINARY
PUBLISHED BY AUTHORITY
NEW DELHI, THURSDAY, OCTOBER 23, 1947
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
NOTIFICATION
New Delhi, the 13rd October 1947
NO. F.7 (89)-F.I/47.—In exercise of the powers conferred by Section 9 of the Banking Companies (East Punjab and Delhi) Ordinance, 1947 (No. XX of 1947), the Central Government is pleased to make the following rules, namely: —
1. These rules may be called the Banking Companies (East Punjab and Delhi) Rules, 1947.
2. In these rules, "the Ordinance" means the Banking Companies (East Punjab and Delhi) Ordinance, 1947 (No. XX of 1947).
8. A banking company applying for the issue of an order under section 8 of the Ordinance shall submit the application through the Delhi office of the Reserve Bank of India.
4. A banking company in respect of which on order under section 8 of the Ordinance is made shall submit to the Delhi OfficeofftheReserveBankofIndia the following returns in duplicate: —
(a) A trial balance of the company as at the date of the notification of the order first made under section 3 of the Ordinance (hereinafter called the said date).
(o) A trial balance of each office of the company as at the said date. (c) A statement of depositors for each office separately as at the said date showing the following particulars: —
(1) Serial No. (2) Name of depositor. (8) Account No. of depositor, if any. (4) Address. (5) Balance at credit. (6) Nature of deposit:
(i) current, (ii) savings, (iii) fixed. (7) Remarks. NOTE: In respect of offices whose records are not available, provisional figures may as far us possile be given followed by supplementary statements as soon as records become available.
(d) A daily statement of general ledger balances of each office of the company commencing from the 15th September, 1947.
(e) A daily statement of payments to depositors commencing from the 15th September, 1947, and showing the following particulars: —
(1) Date of payment.
H86 #HEi GAZETTE OF INDIA EXTBAOBtHNABY, OCT. 28, 1947(3) Nftino of depositor. <4J Amount at depqe.t^as ttttth6~s"fci date, (o) Amount £a.d. (Oy Remarks.
(f) A daJy statement of cashbli ftattd-<5tiiiltaeni;iiig trom the 15th September,
194 <, und showing:—'
Uumijce UL tue close of the previous day: Day s receipts:
(I) Irom ittaerve Bank (ii) Others
Total Less payments as under:
( I) P a y m e n ts to d e p o s i t o rs an s h o wn in t hw s t a t e m e nt u n d er ( e) •
(n) Other payments: (Give full details)
Total: Balance at the und of the day. N O IE L Hot urns under clauses (a), (b) and (cj shall be aubumted within ono month of the said date.
NOTE I I. Returns under clauses (d), (e) and (f) shall be submitted on and from thu 27th October, 1947 or the said date whiohever is later.
5. A bankirig company in respect of whifh an order is made under section 8 of the Ordinance shall also submit within one month of the said date the following information regarding the amounts borrowed from each of the other banking institut.ons, namely: —
(aj name of the creditor; (o) amount of debt; (cj whether secured or not secured; (d; il secured, tull particulars of the security; (e) date or dates of various loans. A separate rei.urn shall be filed in respect of each lending banking institution uud a further statement consolidating the. information.
6. The Reserve Bank may permit an extension of t.me for the subm'ss'on of Hie returns pi escribed in rules 4" and 5 or any part thereof on Leing sutisfkd thut' auch extension is necestary in any particular case.
7. A banking company in respect of which an order under sect'on 8 of the Ordinance is mudt shall give all ass stance to officers deputed by the Reserve Bunk lo verify any ot the returns submitted under the forego ng ru es.
8. A banking company applying for advances from the Central Governn ent under section 5 of the Ordinance shall cause to be recorded at the Delhi oi cc of the liescrve Bank of India a resolution, in duplicate of its .Board of Direct requesting the Central Government to grtnt advances on such ttrms and condi- tions as that Government may impose.
9. Advances sanctioned by the Central Government under section 5 of the Ordinance shall be made ava.lable to the banking company through the De hi cilice ot the lfeserve Bank of Ind'a.
10. Repayments under sub-section (2) Of section 5 of the Ordinance, shall bt> made at the Delhi office of the Reserve Bank of Ind'a,
11. The Reserve Bank mfty call for information in add'fon to informat:on hereinbefore provided for in regard to the general condition of the banking company or transactions in any particular account.
K. G. AMBEGAON^CAR, Addl. Secy, to Oovt. of India