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Date: 2014-01-08Category: Extra OrdinaryState: Union GovernmentCountry: India
These Regulations may be called the Andhra Bank officer Employees (Acceptance of jobs in Private Sector concerns after Retirement)Amendment Regualations, 2013.
This notification, No. 66620/IR/420, issued by Andhra Bank on December 12, 2013, and published in the Gazette of India on January 8, 2014, concerns an amendment to the "Andhra Bank Officer Employees' Acceptance of Jobs in Private Sector Concerns after Retirement Regulations, 2000." The amendment, enacted under the authority of Section 19 of both the Banking Companies Acquisition and Transfer of Undertakings Act of 1970 and 1980, modifies Regulation 4(1) of the 2000 Regulations. Specifically, it substitutes the words "two years" with "one year," effectively reducing the restriction period for retired Andhra Bank officers accepting jobs in private sector concerns. The amendment, following consultation with the Reserve Bank of India and with the prior approval of the Central Government, is designated as the "Andhra Bank Officer Employees' Acceptance of Jobs in Private Sector Concerns after Retirement Amendment Regulations, 2013" and came into force on the date of its publication in the Official Gazette. Contact information is available through Prasanna Panicker, General Manager HR. The principal regulations were published under notification No. 6663/IR/144 dated 12/9/2000, in the Gazette of India Part III, Section IV dated 17/12/2001.
Key Entities Referenced
Andhra Bank: A government of India undertaking, referred to in the context of regulations concerning employee acceptance of jobs post-retirement.
Hyderabad, Telangana: The location of the head office of Andhra Bank, as well as the place from which the notification was issued.
Banking Companies Acquisition and Transfer of Undertakings Act, 1970: An act of the Indian Parliament that confers powers related to banking companies.
Banking Companies Acquisition and Transfer of Undertakings Act, 1980: An act of the Indian Parliament that confers powers related to banking companies.
Reserve Bank of India: The central bank of India, consulted by the Board of Directors of Andhra Bank regarding the regulations.
Andhra Bank officer Employees'Acceptance of jobs in Private Sector Concerns after Retirement Regulations, 2000: The original set of regulations being amended by this notification, concerning Andhra Bank officers accepting jobs in the private sector after retirement.
Andhra Bank officer Employees' Acceptance of jobs in Private Sector Concerns after RetirementAmendment Regualations, 2013: The set of regulations being introduced which amends the 2000 regulations.
Prasanna Panicker: General Manager HR of Andhra Bank, who signed the notification.
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EXTRAORDINARY
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PART III—Section 4
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PUBLISHED BY AUTHORITY
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No. 9] NEW DELHI, WEDNESDAY, JANUARY 8, 2014/PAUSHA 18, 1935
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( A Govt. of India Undertaking)
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(Head Office :: Hyderabad)
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NOTIFICATION
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Hyderabad, the 12th December, 2013
u-a 666@20@vkb Zvkj@420-—cdaS dkjh dEiuh (miØekas No. 666/20/IR/420.— In exercise of the powers
dk vtZu ,oa varj.k)vf/fu;e] 1970 dh /kjk 19 vkSj cSaddkjh conferred by Section 19 of the Banking Companies
( Acquisition and Transfer of Undertakings) Act, 1970 and
dEiuh (miØeksa dk vtZu ,oa varj.k)1980 dh /kjk 19 }kjk
Section 19 of the Banking Companies ( Acquisition and
iznÙk 'kfDr;ksa dk iz;ksx djrs gq, vkU/zk cSad dk funs'kd eaMy]
Transfer of Undertakings) Act, 1980, the Board of Directors
Hkkjrh; fj”koZ cSad ds ijke'kZ vkSj dsUnz ljdkj dh iwoZ eatwjh ls
of Andhra Bank after consultation with the Reserve Bank
,rn~~}kjk vkU/zk cSad vf/dkjh deZpkjh (lsokfuo``fÙk mijkar futh of India and with the previous sanction of Central
{ks=k dh laLFkkvksa esa tkWc Lohdkj djuk) fofu;e 2000 esa la'kks/ Government, hereby makes the following regulations further
to amend the Andhra Bank officer Employees'(Acceptance
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of jobs in Private Sector Concerns after Retirement)
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Regulations, 2000, namely :—
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1. (1) These Regulations may be called the Andhra
Lohdkj djuk) fofu;e] 2013 dgyk,axs A Bank officer Employees' (Acceptance of jobs in Private
Sector Concerns after Retirement)Amendment
(2) ;s ljdkjh jkti=k esa izdk'ku dh rkjh[k ls ykxw
Regualations, 2013.
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(2). These Regulations shall come into force on
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the date of their publication in the Official Gazette.
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2. In Regulation (4) of the Andhra Bank officer
2000 ds fofu;e 4 ds mi fofu;e (1) esa ¶nks o"kZ¸ Employees' (Acceptance of Jobs in Private Sector Concerns
'kCn ds LFkku ij ¶,d o"kZ¸ 'kCn izfrLFkkfir fd, after Retirement), for the words "two years", the words
"one year" shall be substituted.
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PRASARNNA PANICKER, General Manager-HR
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[ADVT.III/4/Exty/223/13]
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Foot note: The Principal Regulations were published in the
ikn fVIi.kh %— izeq[k fofu;e dk izdk'ku Hkkjr ds jkti=k Gazette of India vide notification No. 666/3/IR/
Hkkx III] [kaM IV esa fnukad 17&1&2001dh 144 dated 12-9-2000 published in the Gazette
of India Part III, Section IV dated 17-1-2001.
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81GI/2014
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.