Home India Allahabad Bank In exercise of the powers conferred by section 19 read with ...
Date: 2017-11-30 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 19 read with sub section 2 of section 12 of the Banking Companies

Issued by Allahabad Bank · Not Applicable

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Executive Summary & Key Takeaways

This document is a notification from Allahabad Bank, dated November 21, 2017, concerning amendments to the Allahabad Bank Officer Employees' Discipline and Appeal Regulations, 1976. The notification, referenced as F. No. HOGMSectt/PADC/2017/1163, is issued in exercise of powers conferred by section 19, read with sub-section 2 of section 12 of the Banking Companies Acquisition and Transfer of Undertakings Act, 1970 (5 of 1970). The amendments pertain to the Schedule of the regulations, specifically Clause o of Regulation 3, outlining the Disciplinary Authority, Appellate Authority, and Reviewing Authority for different officer scales (Scale I to VII). The amendments detail the authorities for each scale: * **Scale I, II, and III:** Disciplinary Authority is Assistant General Manager or Deputy General Manager, or General Manager. Appellate Authority is the General Manager or Executive Director. Reviewing Authority is the Executive Director. * **Scale IV and V:** Disciplinary Authority is the General Manager. Appellate Authority is the Executive Director or Managing Director & CEO. Reviewing Authority is the Managing Director & CEO or Committee of the Board. * **Scale VI:** Disciplinary Authority is the Executive Director or Managing Director & CEO. Appellate Authority is the Managing Director & CEO or Committee of the Board. Reviewing Authority is the Committee of the Board. * **Scale VII:** Disciplinary Authority is the Managing Director & CEO or Committee of the Board. Appellate Authority is the Committee of the Board. Reviewing Authority is the Executive Director. The notification is issued by H. C. Sati, General Manager, Human Resources, Allahabad Bank.

Key Entities Referenced

Allahabad Bank: A nationalized bank in India, the subject of the notification regarding amendments to its employee regulations. Reserve Bank of India: The central bank of India, consulted during the amendment process of Allahabad Bank's regulations. Banking Companies Acquisition and Transfer of Undertakings Act, 1970: An Indian law that provides the legal basis for the government's power to make changes in banking companies, cited as the source of authority for the notification. Allahabad Bank Officer Employees Discipline Appeal Regulations, 1976: The set of regulations being amended by the notification, concerning discipline and appeals for officer employees of Allahabad Bank. Kolkata, West Bengal: The city in West Bengal where the notification was issued. Central Government: The government of India, whose prior sanction was required for the amendments to Allahabad Bank's regulations. New Delhi: Location of the Dte. of Printing at Government of India Press, Ring Road, Mayapuri. Board of Directors of the Allahabad Bank: The governing body of Allahabad Bank that made the amendments to the regulations.
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