Guidelines. As
observed hereinabove, the Delhi High Court and there is no
separate reasoning as to whether the Guidelines have statutory
force as per Section ... substance that the Guidelines will have to be necessarily issued
under Section 21 . Hence we hold that 2002 Guidelines have
statutory force.
67. With regard
guidelines laid down
in Appendix I to the White Paper issued by the Government
laying down the broad guidelines. The guidelines had no
statutory force ... broad guidelines laid down in Appendix I to the
White Paper. It must be stated that the guidelines had no
statutory force and they
said Act, RBI can issue directions having
statutory force of law. Section 36 deals with further powers and
35
functions of RBI. Under Section ... Section 6(1)(a) and yet RBI can lay down
guidelines and directions enabling banking companies to deal in
derivatives like futures and options
substance that the guidelines will have to be necessarily issued under Section 21. Hence we hold that 2002 guidelines have statutory force.
15. Mr. Dada ... that behalf a detailed guidelines have already been framed. These guidelines have been construed to be having a statutory force by a Division Bench judgment
Public Service Commission.
14. In support of his contention that Guidelines have no statutory force, Mr. Kar, learned advocate, relied upon the following Judgments ... through the Judgments. It is settled principle of law that guidelines have no statutory force and those do not confer any right upon any Government
view that the guidelines
prescribed have statutory force. The guidelines are neither
inconsistent nor contradictory or excess of authority actually
delegated."
17. The reference ... Council to prescribe the
minimum norms and the guidelines that are issued have a statutory
force. This, again, I must observe creates no conflict
statutory force.
40. When a delegate is empowered by Parliament to enact
a policy and to issue directions which have a statutory force
Page ... when the delegate (RBI) issues such guidelines (policy)
having statutory force, such guidelines have got to be read as
supplement to the provisions
guidelines of administrative nature and there is no statutory force in the said guidelines.
11. Mr.M.Vijayan, learned counsel appearing for the 3rd respondent ... guidelines of administrative nature and there is no statutory force in the said guidelines. Further, the learned counsel submitted that since the Petrol Station
when the delegatee (RBI) issues such guidelines (policy)
having statutory force, such guidelines have got to be read as
supplement to the provisions
broad guidelines laid down in Appendix I to the White Paper, It must be stated that the guidelines had no statutory force and they ... location of its headquarters keeping in view the broad guidelines. The guidelines had no statutory force and they had also not been published
