Bank deposit eligibility updated: deposits in State Bank, subsidiary banks and nationalised banks now covered. The amendment substitutes clause (a)(iii) of sub-section (5) of section 13 to provide that deposits in any account with the State Bank of India, any subsidiary bank as defined in the subsidiary banks legislation, or any nationalised bank, including any corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, shall be treated as the specified deposit for the purposes of that clause, effective from the 1st day of April, 1977.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bank deposit eligibility updated: deposits in State Bank, subsidiary banks and nationalised banks now covered.
The amendment substitutes clause (a)(iii) of sub-section (5) of section 13 to provide that deposits in any account with the State Bank of India, any subsidiary bank as defined in the subsidiary banks legislation, or any nationalised bank, including any corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, shall be treated as the specified deposit for the purposes of that clause, effective from the 1st day of April, 1977.
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