REGISTERED No. D- 28
The Gazette
of Andía
EXTRAORDINARY
PUBLISHED BY AUTHORITY
NEW DELHI , SATURDAY , OCTOBER 16 , 1948
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
NOTIFICATION
New Delhi , the 9th October 1948
No. F.4( 117 ) -F.1 / 48.- In exercise of the powers conferred by Section 15 of the Banking Companies ( Control ) Ordinance , 1948 ( No. XXV of 1948 ) , the Central Government is pleased to make the following rules-
1. Short title , extent and commencement . ( 1 ) These rules may he called the Banking Companies ( Control ) Rules , 1948 .
(2) They shall come into force at once .
2. Interpretation. In these rules ,
(a) " the Ordinance " means the Banking Companies ( Control ) Ordinance, 1948;
(b) " principal office of the Reserve Bank " means the office of the Re- serve Bank to which the returns prescribed under the Ordinance or these rules are required to be submitted ;
(c) ' Section' means a Section of the Ordinance
3. Submission of returns . A banking company having its registered or main office in any province of India or any acceding stute shall submit all returns preseribed by these rules to the office of the Reserve Bank situated in that province or acceding state and in case there is no such office in the province or acceding state , to the office to be ascertained on an application made in this behalf to the Reserve Bank of India , Departinent of Banking Operations at Bombay.
( 1643 )
1644 THE GAZETTE OF INDIA EXTRAORDINARY , OCTOBER 16 , 1948
4. List of officers . ( 1 ) A banking company shall , not later than fifteen days from the commencement of these rules , send to the principal office of the Re- serve Bank a written statement containing a list of the names , specimen signa- tures and the official designations of the officers authorised to sign on behalf of the bank returns required under the Ordinance or these rules and - shall inti- mate any change in such list not later than fifteen days from the occurrence of such change , to the principal office of the Reserve Bank.
(2) Every banking company incorporated outside the provinces of India or acceding states , which at the commencement of these rules has a place of business in any province of India or any neceding state , and every such com- pany which after the commencernent of these rules establishes such 8 place of business within any province of ludia or any acceding state , shall, within fifteen days from the commencement of these rules or from the esta blishment of such place of business , as the case may be , furnish to the principal office of the Reserve Bank the name and address of one or more persons re- sident in any province of India or any acceding state authorised to accept on behalf of the company any notice or order required to be served on the coin- pany under the Ordinance or these rules and shall intimate any change in such name or address within fifteen days of the occurrence of the change , to the principal office of the Reserve Bank .
5. Publication of approved currencies . ( 1 ) The Reserve Bank shall , 101 later than one month from the commencement of these rules , by notification in the official (Gazette publish for the purpose of Section 7 a list of currencies in which export hills drawn in India may be expressed .
(2) Any alteration in the list referred to in sub -rule ( 1) shall also be publish ed in the official Gazette .
( 3) An alteration adding a currency to the list shall take effect from th date of publication of the alteration while an alteration omitting a currenc from the list shall take effect at the expiry of three months from the date o publication of the alteration.
6. Forms of returns . The returns to be submitted by a banking compan under sub - section ( 2 ) of Section 6 , sub - section ( 2 ) of Section 7 and sub - sectio (1) of Section 8 shall be in forms I , II and III respectively .
THE BANKING COMPANIES ( CONTROL ) ORDINANCE , 1948
FORM I ( SEE RULE 6 )
(Section 6)
Name of the banking company
Statement filed by
Statement for the month of -191 of unsecured loans and advances ( in the Provinces of India and Acceding States ) granted to companies , other than private companies , in which the banking company or any of the directors of the banking company is interested as director , managing agent or guarantor . (To be sent to the Reserve Bank before the close of the menth succeeding that to which the return relates ) .
A - Statement of unsecured loans and advances granted to companies , other than private companies , in which any of the directors of the banking company is interested as director , managing agent or guarantor .
Date of Advance
(In thousands of rupees )
Date of repayment
Name of the director of the bank , who is Interested
Naine of the company to which the advance has been made
Relation of the director of the bank to the com . pany (whether director , managing agent , guarantor . etc.)
]
3
4
Total of
Rate of interest
Lowest outstand ing during the month
Highest outstand ing during the month
Nature of advance whether loans , overdraft , cash credit , etc. Amount outstand ing on the last working day of the month
10 7
8
9
6
THEGAZETTEOFINDIAEXTRAORDINARY,OCTOBER16,1948
column 6
1645 *The statement should give particulars of loans and advances granted during the month and also of advances granted previously but outstanding on the last working day of the month .
1640
B-Statement of unsecured loans and advances granted to companies , other than private companies , in which the banking company is interested as director managing agent or guarantor .
Date of repayment
Date of advance
Name of the company to which the advance has been made
Nature of interest in the company ( whether director , managing agent . guarantor , etc. )
(In thousands of rupees !
Rate of interest
Nature of advance whether loan , overdraft cash credit , etc. Lowest outstanding duringthe month
Highest outstanding during the month
Amount outstanding on the lost working day of the month
4
5 1
3
Total of column 5
Date
9
8
6
7
Signature
Designation
THEGAZETTEOFINDIAEXTRAORDINARY,OCTOBER16,1948
Address THE GAZETTE OF INDIA EXTRAORDINARY , OCTOBER 16 , 1948 1647
THE BANKING COMPANIES ( CONTROL) ORDINANCE , 1948
FORM II ( SEE RULE 6 )
(Section 7)
Name of the banking company
Statement filed by
Date of returu
Statement of assets and liabilities in the Provinces of India as on the last working day of March , June , September or December . (To be sent to the Reserve Bank of India before the 30th April , 31st July , 31st October and 31st January each year) .
(In thousands of rupees. )
A. Liabilitics in the Provinces of India
( i) Demand Liabilities
( ii) Time Liabilities
Total
M. Assets in the Provinces of India
1. Cash in hand
2. Balances with Reserve Bank of India
3. Balances with other banks and money at call and short notice
4. Inland Bills discounted and purchased
5. Export Bills drawn in India ( in approved currencies )
6. Investments in Central & Provincial and Troasury Bills . Government Securitios
7. Other Investmonta
8. Loans , advances , cash credits and overdrafts (excluding those referred to in item 9 ) .
9. Due from banks
10. Promissory notes , bills of exchange and securities which the Reserve Bank is empowered under its Act to purchase , discount or make advances against ( Vide section 7 ( 3 ) of the Ordinance ) and not included in any of the above items .
11. Premises , Furuture , Fixtures and other fixed assets .
12. Other tangible assets
Total
0. Minimunı amount of assets required to be held in the Provinces of India under section 7 of the Ordinance .
Signature
Designation
Date
Address THE GAZETTE OF INDIA EXTRAORDINARY , OCTOBER 16 , 1948 1648
THE BANKING COMPANJES ( CONTROL ) ORDINANCE , 1948
FORM III ( SEE RULE (6 )
(Section 8 )
Name of the banking company
Statement filed by
Statement showing the assets and liabilities in the Provinces of India as at the close of business on Friday the -( To be sent to the Roserve Bank of India before the close of the month succeeding that to which the return relates) .
Liabilities in the Provinces of India
1. Paid - up Capital **
2. Reserve roserves . Fund and other
3. Domand Deposits including contingency ( unadjustod ) ас- counts.
(4) From banking companies
(b ) From others
4. Time Deposits
(a) From banking companies
(6 ) From others
5. Due to other banks
6. Bills payable
7. Acceptan , endorsomos and other obligations as por contra .
8. Bills contra. for collection as per
9. Other liabilities
(In thousands of rupoes . )
Assets in the Provincos of Indin
1. Cash in hand
2. Balances with the Roserve Bank in current account .
3. Balances with other banks in current accouut .
4. Monny at call and short notice
5. Bills discounted
6. Investments in Government soparitios ( including Treasury Bills) .
( a) Contral Government .
(b) Provincial Government .
( c) Local Government .
7. Other investments ( in gold . Jixed deposits with banks , shares , etc. ) .
8. Loans , advances , cash credits and overdrafts ( excluding due from banks) .
9. Due from banks
10. Bills for collection as per contra..
*The last Friday of every month or if that Friday is a public holiday under the Negotiable Instrumenta Act , 1881 ( XVI of 1881 ) , at the close of business on the proceding working day .
**Not applicable to banks incorporated outside the Provinces of India and Arceling States .
THE GAZETTE OF INDIA EXTRAORDINARY , OCTOBER 16 , 1948 1649
Assots in the Provinces of India
Liabilities in the Provinces of India
11. Acceptances , endorsements and other obligations per contra .
12. Premises , furniture , fixtures and other fixed assets .
13. Capitalised expenses such proliminary ехреднев , organisation expenses, sharo selling commission , and brokorago .
14. Other Assots
Total
Total
Signature
Designation
Address
Date
H. S. NEGI , Dy . Secy .
MINISTRY OF COMMERCE
NOTIFICATION
REGISTRATION OF ACCOUNTANTS
Now Delhi , the 16th October 1948
4 No. 1 -A(3 ) /48 .--In oxercise of the powers conferred by sub - section ( 2 ) of soction 144 of the Indian Companies Act , 1913 ( VII of 1913 ) , the Central Government is pleased to direct that the following further amendment shall be Inade in the Auditor's Certificates Rules , 1992 , the same having been previously published as required by the said sub - section , namely : -
To rule 30 of the said Rules , the following proviso shall be added , namely:-
"Provided that the Central Government may by notification in the official gazette , extend for such period as it deems fit the last date for the receipt of applications for admission to an examination , either generally for all candidates or a class of candidates only . "
S. RANGANATHAN ,
Joint Secretary to the Government of India .
PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , INDIA . PRINTED BY THE MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI , INDIA .