change in the promotion policy
communicated vide circular dated 16.03.2009 is
illegal as there is no prior sanction of the RBI /
Government of India ... seniority of employees of the
transferor bank for promotion prior approval /
sanction of RBI / Central Government is required,
cannot be accepted. There is no substance
such business being
subject to the control of the regulator viz. RBI. In other words,
the 1949 Act allows banking companies to undertake activities ... banking company to do all things as are incidental or
conducive to promotion or advancement of the business of the
company. Section 6(1) enables
such businesses being subject to
the control of the Regulator, viz. RBI. In
other words, the 1949 Act allows banking
companies to undertake activities ... banking company
to do all things as are incidental or
conducive to promotion or advancement of
the business of the company. Section 6(1)
enables
foreign investment, approval of investment by petitioner from the
Foreign Investment Promotion Board (FIPB for short) was necessary and
the respondent was supposed to make ... reason given by the respondent did not survive after 8.07.2010
inasmuch as RBI granted approval vide its letter dated 8th
July 2010 and permitted
foreign investment, approval of investment by petitioner from the
Foreign Investment Promotion Board (FIPB for short) was necessary and
the respondent was supposed to make ... reason given by the respondent did not survive after 8.07.2010
inasmuch as RBI granted approval vide its letter dated 8th
July 2010 and permitted
offences at different times. He further submitted
that the RBI's report also indicates that serious mal-practices were
committed by the bank ... grant/sanction of facilities and recovery proceedings
and he was given promotion from 29.3.2008 and was made Joint Managing
Director/Chief General Manager
Regional Director pertains to compliance of FEMA
and RBI guidelines for the equity shares to be issued
by the transferee company against the equity shares ... that "the Scheme is
subject to approval from the Foreign Investment
Promotion Board(FIPB) and/or the Reserve Bank of
India, if required under
Regional Director pertains to compliance of FEMA
and RBI guidelines for the equity shares to be issued
by the transferee company against the equity shares ... COMA/330/2014 ORDER
subject to approval from the Foreign Investment
Promotion Board(FIPB) and/or the Reserve Bank of
India, if required under
Shree Kharachiya Seva Sahakari Mandali ... vs State Of Gujarat on 17 December, 2020
Author: Ashutosh
case, appellant was transferred to another department
and was given promotion there, which promotion later
found to have been mistakenly given. The mistake was
sought ... Natrual justice has various facets and acting
fairly is one of them. RBI which monitored the
amalgamations in the instant case was required
