**Policy Summary**
This notification, issued by Canara Bank on December 22, 2014, details amendments to the Canara Bank Shares and Meetings Regulations, 2000. The amendments are enacted under the powers conferred by Section 19 of the Banking Companies Acquisition and Transfer of Undertakings Act, 1970 (5 of 1970), following consultation with the Reserve Bank of India and with the previous sanction of the Central Government.
The key changes are as follows:
1. **Short Title and Commencement:** These regulations are termed the "Canara Bank Shares and Meetings Amendment Regulations, 2014" and came into force on the date of their publication in the Official Gazette (January 29, 2015).
2. **Amendments of Regulations 67 ii:** Regulation 67 ii of the Canara Bank Shares and Meetings Regulations, 2000 is amended to include the phrase "or f or g or h" after the words "any two of the directors nominated under clauses b and of subsection 3 of Section 9 of the Act."
The original Canara Bank Shares and Meetings Regulations were published in the Gazette of India vide Notification No. 9 Part III, Section 4 dated 03.03.2001, with subsequent amendments published in Notification No. 47 Part III, Section 4 dated 22.11.2003 and Notification No. 14 Part III Section 4, dated 03.04.2010.
The notification is issued by N. K. Jha, General Manager, Canara Bank, Head Office, Bangalore.
Key Entities Referenced
Canara Bank: A major public sector bank in India, the subject of this notification regarding amendments to its Shares and Meetings Regulations.
Banking Companies Acquisition And Transfer of Undertakings Act, 1970: An Indian law under which powers are exercised to make amendments to the Canara Bank Shares and Meetings Regulations.
Reserve Bank of India: The central bank of India, consulted in the amendment process of Canara Bank's regulations.
Central Government: The government of India, which provided previous sanction for the amendments to Canara Bank's regulations.
Canara Bank Shares and Meetings Regulations, 2000: The regulations of Canara Bank being amended by this notification.
Canara Bank Shares and Meetings Amendment Regulations, 2014: The title of the amendment regulations introduced in this notification.
Bangalore, Karnataka: The Head Office location of Canara Bank.
Official Gazette: The official publication where the amendments to the Canara Bank regulations will be published and become effective.
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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. 37] NEW DELHI, THURSDAY, JANUARY 29, 2015/ MAGHA 9 , 1936
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Bangalore, the 22nd December, 2014
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In exercise of powers conferred by Section 19 of the
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Banking Companies (Acquisition And Transfer of
1970 (1970 ds 5) dh /kjk 19 }kjk çnÙk vf/dkjksasa dk mi;ksx Undertakings) Act, 1970 (5 of 1970), the Board of Directors
djrs gq, dsujk cSad ds funs'kd eaMy us Hkkjrh; fjtoZ cSad ds of Canara Bank after consultation with the Reserve Bank
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Government propose to make the following amendments
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to the Canara Bank (Shares and Meetings) Regulations,
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2000, namely:—
1- laf{kIr uke vkSj izkjaHk% 1. Short title and commencement. -
(1) bu fofu;ek asdk s dus jk cdaS ('k;s j o cBS d) l'a kk/s u (1) These Regulations may be called the Canara
Bank (Shares and Meetings) Amendment Regulations, 2014
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(2) They shall come into force on the date of their
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publication in the Official Gazette.
izHkkoh gksaxs A 2. Amendments of Regulations 67 (ii) -
2- fofue; 67 (ii) esa la'kks/u% In the Canara Bank (Shares and Meetings)
Regulations, 2000-
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In the present Regulation 67 (ii), after the words "any
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two of the directors nominated under clauses (b) and" the
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tk,xk% (e) or (f) or (g) or (h) of sub-section (3) of Section 9 of
the Act.
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N. K. JHA, General Manager
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[ADVT. III/4/Exty./56/14]
¹foKkiu&III@4@vlk-@56@14º Foot Note : The Principal Regulation was published in the
fVIi.k% eq[; fofu;e Hkkjr ds jkti=k esa vf/lwpuk la[;k 9 Gazette of India vide Notification No. 9 (Part
III, Section 4) dated 03.03.2001 and
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subsequent amendments published in the
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Gazette of India vide Notification No. 47 (Part
vf/lpw uk l[a ;k 47(Hkkx III, /kjk 4)fnukfadr 03-04&09- III, Section 4) dated 22.11.2003 & vide
04- 2010 }kjk izdkf'kr fd;k x;k Fkk A Notification No. 14 (Part III- Section 4), dated
03.04-09.04.2010.
528 GI/2015
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.