Banking industry is the back bone for growth of any economy. This is in line with section 364 of the central bank of kenya act which requires. The passing of these amendments means that at least 11 commercial banks in the country can adopt the islamic banking model. Explanatory notes were introduced in 1999 and accompany all public acts except appropriation, consolidated fund, finance and consolidation acts. Short title this act may be cited as the banking amendment act, 2012. Users can get information on the act, its objectives, short title and commencement. Money laundering prevention act, 2012 bangla english. This act, which amends the banks and deposit companies act 1999 the principal act, may be cited as the banks and deposit companies amendment act 2012. Short title, extent and commencement 1 this act may be called the banking 3 regulation act, 1949.
The long title to the banking act is repealed and the following long title substituted therefor. This act may be cited as the banking act interpretation 2. Download and install adobe reader free software to view these files. The said amendment act has amended the br act, the banking companies.
Salient features of banking laws amendment bill 2012. Banking laws amendment act, 2012 legislation vlex 545547978. Amended by financial sector regulation act 9 of 2017 from 1 apr 2018. The banking laws amendment act, 2012 the act amends the.
The banking amendment act, 2016 further to the notification from the central bank of kenya cbk, dated august 31, 2016, the banking amendment act, 2016, will commence on september 14, 2016. Enablers india 20 the banking laws amendment act, 2012. The fifth schedule to the value added tax act is amended in the manner specified in the fourth schedule to this act. All documents available for download in this website are in pdf format. The banking laws amendment bill, 2012 an insight finance. An act to consolidate and amend the law relating to banking 1 whereas it is expedient to consolidate and amend the law relating to banking 2. The banking regulation amendment bill, 2017 was introduced in lok sabha by the minister of finance, mr. With this in mind, cbk draws your attention to the following. Banking amendment banking code of conduct bill 2012. Banking laws amendment act 2012 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, banking laws amendment act 2012 national security, others, procedural and administration, property related, public utilities, shipping laws. Interpretation in this act the principal act means the. Sep, 2012 a bill fo r an act to amend the banking act 1959, and for related purposes. The banking act in this act referred to as the principal act is amended by inserting the following new section immediately after section 31.
Information related to amendments and sections of the act is also given. Amended by financial services laws general amendment act 45 of 20 from 28 feb 2014. This act may be cited as the finance act, 2012, and short title and shall come into. Dec 22, 2012 the banking laws amendment bill 2011 was introduced in order to amend the banking regulation act, 1949, the banking companies acquisition and transfer of undertakings act, 19701980. Section 4 exemption notification 2020 s 383 of 2020. The banking laws amendment act 2012 india by study material. Financial markets act 19 of 2012 south african government. Bank of western australia amendment bill 2012 explanatory. Tax administration laws amendment act 21 of 2012 south. Amendment of central bank of malaysia ordinance 1958. Financial services banking act amendment regulations 2012. An act further to amend the banking regulation act, 1949, the banking companies acquisition and transfer of undertakings act, 1970 and the banking companies acquisition and transfer of undertakings act, 1980 and to make consequential.
Banking laws amendment act, 2012 department of financial. The banking laws amendment act, 2012 notified january 20 the banking laws amendment bill, 2012 was approved by both the houses of parliament in december 2012. All documents available for download in this website are in. The banking regulation amendment bill, 2017 prsindia. Amends section 2 section 2 of the principal act is amended by inserting in the appropriate alphabetical order the following definitions. An act further to amend the banking regulation act, 1949, the banking companies acquisition and transfer of undertakings act, 1970 and the banking companies acquisition and transfer of undertakings act, 1980 and to make consequential amendments in certain other enactments. The bank of western australia amendment bill 2012 will amend the act to facilitate the change required by apra while retaining the substance of the. Section 3 of the banking act is amended by inserting. The said bill has been passed by both the houses of parliament during its just concluded winter session. Jul 10, 20 this act may be cited as the banking amendment unclaimed money act 20. The banking laws amendment act, 2012 the banking laws amendment bill, 2012 was approved by both the houses of parliament in december 2012. The text of the amendment is attached as an appendix to this study.
The following act of parliament received the assent of the president on the 5th january, 20 and is hereby published for general information. Domestic banks and financial institutions amendment act, 2014 pdf 2. Be it enacted by parliament in the sixtyeighth year of the republic of india as follows short title and commencement. The banking laws amendment act, 2012 the act amends the banking regulation act. Find details about the banking laws amendment act, 2012 which comprises of amendments in the banking regulation act, 1949. The tax administration laws amendment act 21 of 2012 aims to.
Part i preliminary short title, commencement and application. Islamic banking, bancassurance and agent banking, to ugandas banking sector. Section 571of the financial institutions act 1993 act no. Banking amendment act, 2015 zimbabwe legal information. Financial services act 2012 2012 chapter 21 an act to amend the bank of englan d act 1998, the financial services and markets act 2000 and the banking act 2 009.
Enacted by the parliament of antigua and barbuda as follows. It received presidential assent and was notified as the banking laws amendment act act, 2012 in january 20. To amend the banks act, 1990, so as to define certain expressions and to amend. An act to provide for the licensing and regulation of the. An act further to amend the banking regulation act, 1949, the banking. This act is the banking amendment act 2016 and comes into operation on a date that the minister appoints by notification in the gazette. Mar 26, 2020 constitution of the republic of singapore amendment act 2020 act 22 of 2020 published. An act further to amend the banking regulation act, 1949. Banking laws amendment act 2012 national portal of india. The banking laws amendment bill, 2011 seeks to strengthen the regulatory powers of the reserve bank of india.
After much delay and deliberation the banking laws amendment bill, 2012 bill which seeks to amend the banking regulation act, 1949. An act of parliament to amend and consolidate the law regulating the business of. The amendment of banking regulation act in 1 993 saw the entry of new private sector banks. Aug 25, 2017 the banking regulation amendment act, 2017. The banking regulation act, 1949 reserve bank of india. This act may be cited as the banking amendment act, 2016. It seeks to amend the banking regulation act, 1949 to insert provisions for handling cases related to stressed assets. Banking laws amendment act 2012 indian bare acts india. Text created by the government department responsible for the subject matter of the act to explain what the act sets out to achieve and to make the act accessible to readers who are not legally qualified. Section 41 of the banking act is amended by deleting the word. Book the banking laws amendment act 2012 india pdf download book the banking laws amendment act 2012 india by pdf download author written the book namely the banking laws amendment act 2012 india author pdf download study material of the banking laws amendment act 2012 india pdf download lacture notes of the banking laws amendment act 2012 india pdf. However, the entrenched mandatory articles in the act preclude such a transfer, and the apra conditions for operating under a single adi authority cannot be met without amendment to the act. The financial institutions amendment act introduces three new products. Amended by financial sector regulation act 9 of 2017 from 1 apr 2019.
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