{"id":242883,"date":"2021-01-27T18:30:49","date_gmt":"2021-01-27T13:00:49","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=242883"},"modified":"2021-01-27T18:18:13","modified_gmt":"2021-01-27T12:48:13","slug":"centre-notifies-nationalised-banks-management-and-miscellaneous-provisions-amendment-scheme-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/27\/centre-notifies-nationalised-banks-management-and-miscellaneous-provisions-amendment-scheme-2021\/","title":{"rendered":"Centre notifies Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">Central Government, after consultation with the Reserve Bank, hereby makes the following Scheme further to amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021<\/li>\n<li>In the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, after paragraph 14, the following paragraph shall be inserted, namely:\u2014<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>\u201c14A. Special provision.\u2014<\/strong>Where a nationalised bank is required by law to do any act or thing and in order to do so the recommendations or determination of, or resolution of grievances of security holders by, or in respect of any appointment, approval or review by any Committee of the Board of the bank is required, and if the Board is satisfied that quorum for meeting of such Committee cannot be met on account of either existence of any vacancy in such Committee or recusal by member thereof, the Board may do that act or thing.\u201d<\/p>\n<hr \/>\n<p><strong>Ministry of Finance<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>Notification dt. 25-01-2021<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Government, after consultation with the Reserve Bank, hereby makes the following Scheme further to amend the Nationalised Banks (Management and Miscellaneous <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[29785,41976,44957,2611],"class_list":["post-242883","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-law","tag-legislation","tag-nationalised-banks","tag-RBI"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Centre notifies Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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2023","format":false,"excerpt":"Madras High Court said that whether it is contractual employment, temporary engagements or otherwise, the procedure to be adopted by Banks must be transparent and in compliance with the mandates of the Constitution.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Madras High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-455.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-455.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-455.png?resize=525%2C300&ssl=1 1.5x, 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Salient features: The salient features of the approval Framework for Consolidation of Public Sector Banks are as\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":251229,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/14\/debts-by-nationalised-banks\/","url_meta":{"origin":242883,"position":2},"title":"Madras HC | Is writ petition maintainable against Asset Reconstruction Co. which is assigned debts by nationalised banks? 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The Court\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-8-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-8-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-8-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-8-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-8-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":85371,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/14\/the-employees-provident-funds-sixth-amendment-scheme-2016-notified\/","url_meta":{"origin":242883,"position":5},"title":"The Employees\u2019 Provident Funds (Sixth Amendment) Scheme, 2016, notified","author":"Saba","date":"November 14, 2016","format":false,"excerpt":"G.S.R.1065(E).\u2014In exercise of the powers conferred by Section 5 read with sub-section (1) of Section 7 of \u00a0Employees\u2019 Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby\u00a0makes the following Scheme further to amend the Employees\u2019 Provident Funds Scheme, 1952, namely:- 1. 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