https://www.taxtmi.com/caselaws?id=281477 Regulation 17(1) of the Andhra Bank Officers' Service Regulations and the related promotion policy were not invalid for non-compliance with Section 19 procedure. The Board of Directors, acting under the Banking Companies (Acquisition and Transfer of Undertakings) Act, was empowered to frame regulations with RBI consultation and prior Central Government sanction, and the record showed that approval had been obtained. The promotion policy was a distinct, guided exercise under a valid regulation, informed by Government guidelines, and did not require the separate procedural steps applicable to framing or amending regulations. The challenge to the regulation and policy therefore failed, and the High Court's view was rejected. en-us Thu, 12 Feb 2004 00:00:00 +0530 Thu, 20 Jun 2019 15:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281477 Regulation 17(1) of the Andhra Bank Officers' Service Regulations and the related promotion policy were not invalid for non-compliance with Section 19 procedure. The Board of Directors, acting under the Banking Companies (Acquisition and Transfer of Undertakings) Act, was empowered to frame regulations with RBI consultation and prior Central Government sanction, and the record showed that approval had been obtained. The promotion policy was a distinct, guided exercise under a valid regulation, informed by Government guidelines, and did not require the separate procedural steps applicable to framing or amending regulations. The challenge to the regulation and policy therefore failed, and the High Court's view was rejected. Case-Laws Indian Laws Thu, 12 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281477