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Extraordinary Gazette of India · Government of India

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Published 19 October 1948

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REGISTERED No. D - 28

The Gazette

of Endia

EXTRAORDINARY

PUBLISHED BY AUTHORITY

NEW DELHI , TUESDAY , OCTOBER 19 , 1948

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

NOTIFICATIONS

New Delhi , the 19th October 1948

No. F.3 ( 43) -F.1 / 48 . In pursuance of clause ( a) of section 2 of the Reserve Bank ( Transfer to Public Ownership) Act , 1948 ( LXII of 1948 ) , the Central Government is pleased to appoint the first day of January , 1949 , as the " appoin- ted day " for the purpose of the said Act .

Reserve Bank ( Transfer to Public Ownership) Rules , 1948

No. F.3 ( 44) 1.1 / 48.- Introduction . In exercise of the powers conferred by section 6 of the Reserve Bank ( Transfer to Public Ownership ) Act , 1948 ( LXII of 1948 ) , the Central Government is pleased to make the following rules , namely:-

1. Short title . These rules inay be called the Reserve Bank ( Transfer to Public Ownership ) Rules , 1948 .

2. Definitions . In these rules , unless there is anything repugnant in the subject or context ,-

( i ) " the Act " means the Reserve Bank ( Transfer to Public Ownership ) Act , 1918 ;

( ii ) " Reserve Bank " means the Reserve Bank of India as constituted by the Reservo Bank of India Act , 1984 ;

( iii) Form " means a form as prescribed by these rules .

1657 ) 1658 THE GAZETTE OF INDIA EXTRAORDINARY , ОСТ . 19 , 1948

3. Authority by which compensation shall be paid . The authority which shall pay the compensation referred to in Section 3 of the Act on behalf of the Central Government shall be the Reserve Bank .

4. Manner in which claims for compensation shall be made . ( i ) Every shareholder whose name stands registered on any of the Share Registers of the Reserve Bank , or any personson who is entitled to claim compensation under these rules in respect of shares standing in the name of a deceased person , shall apply in the appropriate Form to the Office of the Reserve Bank where the share in respect of which compensation is claimed stands registered.

( ii ) The share certificate and other documents or proofs may be forwarded to the Office of the Reserve Bank concerned by registered post or through a bank or a recognised broker having a place of business in the town where the claim is to be made .

5. Determination of the title of persons to whom compensation shall be pay- able. ( i ) Share standing in the name of a deceased shareholder . The execu- tors or administrators of a deceased person who was a shareholder of the Bank and in whose name the share stands registered immediately before the appoin- ted day , or the holder of a succcession certificate issued under Part X of the Indian Succession Act , 1925 , in respect of such shore shall be the only person who may be recognised by the Reserve Bank as having any title to claim com- pensation for such share . In the case of a share registered in the name of two or more holders , the survivor , his executors or administrators , or any person who is the holder of a succession certificate in respect of such share , shall be the only person who may be recognised by the Reserve Bank as having any title to claim commpensation for such share . The Reserve Bank shall not be bound to recognise such executors or administrators unless they shall have obtained probate or letters of administration or other legal representation as the case may be , from a duly constituted Court in India, having effect at the place where the Register in which the deceased was registered as a shareholder is situate :

Provided that the Reserve Bank may in its absilute discretion , dispense with the production of a succession certificate , letters of administration or such other legal representation , upon such terms as to indemnity or otherwise as it may think fit .

THE GAZETTE OF INDIA EXTRAORDINARY , OCT . 19 , 1948 1659

FORM OF APPLICATION FOR COMPENSATION

(See Rule 4)

The Managor ,

Reserve Bank of India ,

Dated .

Dear Sir,

Claim for compensation in respect of Reserve Bank of India shares

hereby stato that .... ....... in my mane/ I/We * . shares of the Reserve Bank of ludia Nos .! stand registered in the Bank's Share Register at our names . I/ We surrender herewith the relative share certificate /certificates and documents and proofs entitling mejus to claimcompensation in respect of the shares in question . I/ We request that the amount of compensation due in rospect of the above shares and payable under Section 8 of the Reserve Bank ( Transfer to l'ublic Ownership ) Act , 1948, may be paid to me/us as I am /we are the shareholder / shareholders of the Bank and, therefore , entitled to claim compensation in respect thereof .

II. (a) I/We hereby authorise the Reserve Bank of India , to deliver the securities and cheque , if any , due to nejus by sus of compensation top ..........

OR

( b ) Send the cheque . if any , and the securities uncut tos . ....... nt my/ our risk hy registered and insured post .

Yours faithfully ,

Signature of shareholder .

Fignatures of shareholders ,

Address

Witness

Address

Occupation

N.B. The executant's attention is invited to the instructions printed below . Please strike off unnecessary words .

Instructions

1. All shareholders must sign the form in accordance with the specimen furnished to the Bank .

2. Where several persons hold the shares jointly the form must be signed by all of them .

3. Ladies' signatures in vernacular and all signatures by mark or thumb impression should be verified by a Justice of the Peace, preferably one whose signature is known to the Bank or by a Magistrate under the Seal of his Court .

4. Any alteration and/or addition in the application by the applicant/s . must be initialled

*Name in full as stated in the Share Certificate ,

Denoting numbers must be stated ,

State name of Banker or recognised Broker or one of the joint shareholders .

Name and full postal residential address .

1660 THE GAZETTE OF INDIA EXTRAORDINARY , OCT . 19 , 1948

FORM OF APPLICATION FOR COMPENSATION

(See Rule 4)

The Manager ,

Reserve Bank of India ,

Dated ..

Dear Sir,

Claim for compensation in respect of Reserve Bank of India shares 1 / We * .

Jate

... in the names oft ..

India shares Nos .. Share Register at .. being the survivor/ s of the ... state that the Reserve Bank of stand registered in the Bank's

I / We surrender herewith the relative share certificate/ certificates and documents and proofs entitling me/ us to claim compensation in respect of the shares in question . I/ We request that the amount of compensation due in respoot of the above shares and payable under Section 3 of the Reserve Bank (Transfer to Public Ownership ) Act , 1948 , may be paid to me/ us as I am/we are the survivor/ s of the deceased shareholder and , therefore , entitled to claim compensation in respect thereof .

II . (a) 1 / We hereby authorise the Reserve Bank of India , to deliver the securities and a cheque , if any , due to me / usby way of compensation to§ ......

OR

(b ) Send the cheque , if any , and the securities uncut toll ... my/ our riskby registered and insured post . .... at

Yours faithfully ,

Signatures of shareholder/ s . Address:

Witness

Address

Occupation

N.B.- please strike off unnecessary words .

Instructions

1. All shareholders must sign the form in accordance with the specimen furnished to the Bank ,

2. Where several persons hold the shares jointly the form must be signed by all of them .

3. Ladies ' signatures in vernacular and all signatures by mark or thumb impression should be verified by a Justice of the Peace , preferably one whose signature is known to the Bank or by a Magistrate under the Seal of his Court .

4. Any alteration and/ or addition in the by the applicant/ s . application must be initialled

"Nam in full .

†Denoting numbers .

Name in full as stated in Shara Cortificato .

SState name of Banker or recognised Broker .

Namo and full postal residential address .

THE GAZETTE OF INDIA EXTRAORDINARY , OCT . 19 , 1948 1661

FORM OF APPLICATION FOR COMPENSATION

(Seo Rule 4)

The Manager ,

Reserve Bank of India ,

Dated ...

Dear Sir ,

Claim for compensation in respect of Reserve Bank of India shares

1/Wo * .

ofthe late of India shares Nos . being the .... to the estate heroby state that the Reserve Bank stand registered in the Bank's Share since in the name oft ....... Register at .. deceased . 1/ We surrender herewith the relative share certificate/ certificates and documents and proofs entitling me/ us to claim compensation in respect of the shares in question . 1 / We request that the amount of componsation due in respect of the above shares and payable under Section 8 of the Reserve Bank (Transfer to Public Ownership ) Act , 1948 , may be paid to me/ us as Tan /we are the ... ..... of the deceased shareholder and , therefore , entitled to claim compensation in respect thereof .

II . ( a) 1 / We hereby authorise the Reserve Bank of India , to deliver the securities and a cheque , if any , due to meſus by way of compensation tot ......

OR

(b ) Send the cheque , if any , and the securities uncut tos ... at my / our risk by registered and insured post .

Yours faithfully ,

Signature .

Address:

Signature attested by Magistrato or Justice of the Peace .

Seal .

N. B. Please strike off , unnecessary words .

Instructions

1. All shareholders must sign the form in accordance with the specimen furnished to the Bank .

2. Where several persons hold the shares jointly the form must be signed ed by all of them .

8. Ladies ' signatures in vernacular and all signatures by mark or thumb impression should be verified by a Justice of the Peace , preferably one whose signature is known to the Bank or by a Magistrate under the Seal of his Court .

4. Any alteration and/ or addition in the application must be initialled by the applicant/ s .

*Name in full .

†Name in full as stated in the Share Certificato ,

Stato name of Banker or recognised Broker .

Name and full postal residential address .

H. S. NEGI, Dy . Secy.

PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , INDIA PRINTED BY THE MANAGER , GOVERNMENT OF INDIA PENS , NEW DELHI , INDIA .

THE GAZETTE OF INDIA EXTRAORDINARY , OCT . 27 , 1948 1631

n their respective places according to the Parts and Serial Nos . of the Import Trade Control Schedule :-

Serial No. Description

Part of Import Trade Control Bohedule

(3)

(2)

(1)

12

11

Aluminium Foil

Aluminium wire , rods , sections and tubes

Aluminium sheets or strips thinner than 24 S. W. G.

Aluminium corrugated sheets

II

28

Spindle tape

Roeda

5(1)

IV

267

Domestio hardware made of aluminium

268

Domestic hardware not made of aluminium

IV

33

Synthetic stoncs , rough and unpolished and unout only

V

22

Caustic soda

V

2:

Bleaching paste and bleaching powder

V

26

Soda ash including calcined natural soda and manufactured sesquicarbonates .

No. 17 - ITO/ 48.--In pursuance of the Notification of the Government of India in the lato Department of Commerce , No. 23 - ITC/ 43 , dated the 1st July 1943, as continued in force by the Imports and Exports ( Control ) Act , 1947 (XVIII of 1947) , the Central Government is pleased to direct that the following amendments shall be made in the Open General Licence No. XI published with the Notification of the Government of India in the Ministry of Commerce No. 6 - ITC/ 48, dated the 3rd July 1948 as subsequently amended:-

In the Schedule annexed to the said Open General Liceuce No. XI , the following descriptions of goods covered by the entries in the Schedule to the aforesaid Notification No. 28 - ITC / 48 , dated the 1st July 1943 shall be inserted THE GAZETTE OF INDIA EXTRAORDINARY , OCT . 27 , 1948 1680

Prescribed Soale Existing Scale

Name ofPost

Driver M. T , CI . I

CI . II

Dhobi

Sweeper

Cook B. T.

Tinsmith

Lasoar

Head Messonger

Ra .

Rø .

Re . 2/8/- p.d.

60-5/2-75 .

Rs . 2 p.d.

}

Nerrick rates

do .

do.

30-1-35 .

do .

de .

do .

No. 1881 -B . In exercise of the powers conferred by sub - section (2 ) of Section 241 of the Government of India Act , 1955 as adapted by the India (Provisional Constitution ) Order 1947 , the Governor General is pleased to direct that the following amendments shall be made in the Civilians in Defence Services (Revision of Pay ) Rules 1947 , namely:-

In the schedule annexed to the said rules under the heading D.O.S. , D.T.D. & D.M.E . against the entry " Gauging Machine Minder " in the third column under prescribed scales ,

For " Under consideration " Substitute " 85-1-50 " .

H. M. PATEL , Secy.

MINISTRY OF COMMERCE

NOTIFICATIONS

IMPORT TRADE CONTROL

New Delhi , the 27th October , 1948

No. 16- ΙΤΟ/ 48 . In pursuance of the Notification of the Government of India in the late Department of Commerce , No. 28 - ITC /48 , dated the 1st July 1948 , as continued in force by the Imports and Exports ( Control ) Act , 1947 (XVIII of 1947) , the Central Government is pleased to direct that , for the purposes of the Open General Licences Nos . XI , XII and XIII published with the Notifications of the Government of India in the Ministry of Commerce Nos 6 - ITC / 48 , 7 - ITC/ 48 and 11 - ITC/ 48 , dated the 3rd July 1948 , 22nd July 1948 and 22nd September 1948 respectively, the following amendment shall be made in the Open General Licence No. XI: -

In the Schedule annexed to the said Open General Licence No. XI , th following description of goods covered by the entries in the Schedule to the aforesaid Notification No. 23 - ITC / 43 , dated the 1st July 1948 shall be inserted

Cite this issue. Extraordinary Gazette of India, Government of India, 19 October 1948. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.csl_extraordinary.1948-10-19.E-2434-1948-0000-112188/. Archive identifier in.gazette.csl_extraordinary.1948-10-19.E-2434-1948-0000-112188.