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Fa oafirgprar ae Ret ores a oer aoret Dreaie aad award geo art 8 ee War, vt ae ster soph For ash He sare at ea ae ste fore sever Te GS are wT wee LL 1512008 HEE DSDUSTRY OW HINANCH Weparimeat of Fenn ies) (BANKING DrasiEN) OTIC ATION ‘New Dethi he Ad ay, 2006 Wheres the Cenleal Government, aller consultaicn with the Nesional Rank far Agrcultese acd KLE Development (NABARD), Goverment of Orissa and the UCO Rank being the Sponsor Bank of Cuttack Gramya Bank ara Balasore Gramya Bank (Regional Rural Banks), is of the pinion that it is necessary in the public intrest and in ihe interest of The dovelepmnent of the area served by the aforesaid Regioual Rural Hanks and aly in th: iolerest ofthe ssid Regional Rural Bunks themselves, that che sald Keyional Rural Banks shonld be amalgamated imo 4 single Regional Rural Rank, Now, therefore, in exeruive of “he prnwuty confined hy sub-suation (1) of section 23 of the Weyiomal Mural Bunks Act, 197 (21 of 1976) becelnafier referred to as “the Act", che Cencrat Goveruunene hereby provides lor the amalgamation of the said Regional Roral Banks into a single Regional Rural Bank which shall come ino effect om and from the dare cif publication of this. fotifcation in the Offical Gazette ( horeinaler refered 4 as the “efTective date of anvalgamation”) ‘with such cor stiution, propeaty, powers, tishls, interests, authorities and privileges: and with such liabilities, duties and obligations as specified bersunder:- L The Cuttack Gramya Hank and Balasore Gramya Bank (iereinafier referred to a5 “the ‘weasterer Regional Korat Ranks”) spousored by thc UOO Bank in the State of Orissa are hereby amalgamated into a single Regiemal Rurul Bank which shall be called as Kalinga Gramys Bank (hereinafter refereed «sas “fhe ansferee Regional Rcsal Bank”) wich its head office at Cuttack, 2. The authorised capital ofthe wansferee Regional Rural Bank shall be rupees five erote divide into five Lakh number of Filly paid shares of rupees one hundred euch. The sukserihed share capital af the ‘wansferee Regional Rural Bank shall he equal to the yubserihed share capital of transteror Regional -Rveal Banks aud, therefure, the enlire ubscribed share capil ofthe (raneferoc Regional Rurat Ranks sll be deemed tc have buen transfened to and shell be deemed as aubscribed share capital uf the ‘wanaferce Realonal Rural Bank, The entice share capital and share capital deposit of Ue Ieansteree Rogicnal Rural Bank shall be as nnder:- Central Govecuraant Rupes cine hupsrad lakh, (0) Stue Goverment Rupees thitty lakh, (©) Sponsor Bank epeoe seventy lakb, and 46). Share Copical Deposit, Rupees forty six ecore tomy cig lak end seventy three thausand 3. From the effective date of amalyamation, the rratsfinor Regional Rural Banks viz Cuttack Gramya Tank and Ralasore Gramya Bank shall cease 1 carry ou the business including that of raking eny payment te any depositors or decharge amy labllty or abligsrion to the creditors ewepe to the extent as may he necessary fn inrpleewemtalion of he provisions of the amalgamation is per this osiicator actlen- “ TH GAAZRTTE.OF Nia EXTRAORDINARY Pant se i) 4. @) From tie effective date of amalgamation, the undenakings of the transferor Regional Rial [Baris shall be ransferred ta and stall west in the transferee Regional Rural Bark: (i) ‘Phe undertakings of the transferor Regional Rural Banks shall include al? asses, rights powers, authorities and privileges and all propeity movable and immovable, cash balance, reasrve fends, investments and ll other rights and interest in or arising ont of such propeny, as are immediately before the commenccment of this notification, in the ownership, possession, power or control of the transferor Regional Rural Ranks whether wilh or outside India and all books of accounts, registers, records and all otber documents of whatever nature relating theceto and shall also be deomed to include sil horrowings, lisbiblies und obligations of ‘whatever Kind then subsisting of the transferor Regional Rural Banks: Gi) All contacts, deeds, bonds, agreements, guarantees. powers of attomicx. grams of | epcesomation and other instcuments of whatsoever ature subsisling nr having effect immodimely before the commencement ofthis nofifiemion und to which the tansleror Regional [Ruval Banks are a party of which are jn favoor of the transferor Regional Rural Banks stall he in full ores and effect egeins! or in favour ofthe trareferce Regional Rural Bark and may he ‘enforced of acted upon as fully and effostively as if in the place of the transferor Regjonal [Rural Panks, the transferee Repioual Rural Bank has been 4 party theteio ov as if they had been ised in fivour of the eomateive Regional Rural Bank; (Gv) IE 08 he effentive date of amaiganuation, any suit, appeal or othe proceedings of whstsoovet ature in relation 10 any business of the tansferor Regional Rusal Banks are pending by. oF against to, the transferor Regional Rural Ranks, the sume shall nol abate, be disconrimed ar be, inany way, prejudicially affected by reason of the transfer of the underaking ofthe tranferor ‘Rogional Rural Banks or oF anything contained in thig notification but the sult, appesh or other procoodings may be cowimived, prosecuted and enforced by, or against, the transferee Rexional Reural Bank, (8) Any relerence tothe ttansfevor Regionah Rrvral Banks i ny agreement, contrac, conveyance, assurance, poner af aomey or aay ether docuruent of whatsoever nature shal be deemed to be a reference tp the cransfores Rogional Rural Buok and Lb rights and obligations of che transferor Regional Rural Banks shall'be deemed to he the rights and obligations of the sransferee Regional Rural Bank. @ An respect of every savings banks aocoum or cuttent account oF any offer depos account ‘ngluding a lixed deposit, cash ceriisate, mowhly deposit, deposit payable at call or shact notice oF any other deposits by whatever aurme called with the transferor Regional Rural Bank, the transteree Regional Rural Bank shall open vith itself on the effective date of amalgamation a coresponding and similar avcount in the name of the respective lolder(s) thereof crediting, ‘heseto Full amooat including interest tothe extent payable Provided that where the transforce Regional Rusal Rank entertains a reasonable doubt about the ‘sorroeacss of tho entries made in any particular account, it may with the approval of the Sponsor Bank withhold the credit to be enade in that account for a period not exceeding three months fiom the offective dite of amalgamation within which the transferee hank stall sascemain the earrct balance in such wszount (i Jn vespect of every other lability, nowwitstanding anything contained in the Transfer of Property Au, 1BR2 or the Registration Act, (908. this nofiticwion stall he suficien conveyance, in uccordance with the piovisions of this notification, ofthe bexiness, pronestes, [anes Ses | aT _ asseis and liabilivis, rights, imerests, powers, privileges, benefits and obligations of whatever ature ofthe tsasferor Regional Rural Banks tothe iransfereo Regional Rural Bank 6. The service ofall the employeos of the transferor Regicosl Rural Banks (cxcepting such of them as snot being workmen within the meaning of the Industtia! Disputes Aci, 1947 ) shall continue in the ‘transferee Regional Rusal Bank at the same remuneration and on the same terms and conditions of service, which they were getting of, a the cuse may be, by which they were goverued iemediately Defoce the effective date of amalgamation. The inte-se-seniocty of officers and employees, directly recruited and / oF promored, to be decided by the Committee representing the spoasor baric and the "National Bank for Agriculture and Rural Developracnt 13, Tac iramaferec Regional Rural Bunk shall have the powcr to pos ths employers in the interest of the bank and the public as @ whole anywhere in the entire urea of operation of the transferee Regional Roa Bank, £8. The area of operation ofthe transferee Regional Rural Sank shall be the combined area of operation of the transferor Regional Rural Banks viz Cuttiek Grotmya Bank and Balasore Gramya Batk in Cuttack, Jaipur, Kendrapara, Jagatsinghpur, Balasore and Bhadrok Districts ofthe State of Orissa. 9. Unless otherwise expressly provided in this notification, the provisions of the Act shall have tie some effect onthe transferee Regional Ru a) Hank as fit hes beet established under sub-section (1) oF section 3 ofthe A2t 10. If any difficulty arises in giving cffeed to the provisions of this notification, tho Cesta! Government may make such order, not inconsistent with the provisions of tho Act, as muy’ appear to it toe necessary forthe purpose oF removing such difficulty (FM, 125120058] GC. CHATERVEDL i Ser, afr Fe cet, 2 2006 satan. 4(an).— sath UN pil afte onto Tare ae CUS), TST TH ee SE ae ang doe oh rere com Uri a, ge TR ree ato ae PT Sprrs ariteh ordinate ante aes) a re de: 3, wereef eT ae Bex ree er re Pree & fi rater cod wae Setter aren det orc fora Ast Sa Sh ve 8, aa Set & fora 3 fae A er wad sae dt oho Ba fea Hae rere is Ser eT a pt teat rr are das eA Poe TE; safee, at TeRE Tein Se afifran, 1976,(1976 aT 20) Bre aT A saftey % eu a arctan fear Tay, at are 23 & aT ETURT (1) ERT Wee afer ar wer eee Be, ha Ea CRT, Jae AAMT Tre eT a ew a __ THRGA/EYTROFINDIA: RXTRAORDIVARY [Paattu Sarde} mia a miner ac ot 88 wees, a, ws, ao fect Wher wd eaten, wer tt Saal, aot wae SPT As eu geant vores 8 aa ofan h gee a fat Bo oer Com a spar fete er a sfae LTS tea 8 Be Se a Shoe ERT Sere rete ooh dg cer ora Unio Se en Sag seth Ti as CN Te alae Sete unite at on site at ceeera wae Beitr io ae A TART fear See Sh thee aim ae C Se Tee «sia eta archon de aT a Saha) are, a araiote ToT F aT | 2. daft dita oni se at atten Got or ets ore eT, eae eT sph apr Set A sre Ht her fatter alesfeck Bette anor de at Fa SU WER, SieT CRT AAS wT aa aH AET aaflect Ba al Tei’ AP aitot, sik staftch deta aria Fat at ated Sa Gat 8 ea Far sree | state debe avo da Hh aigel der eh oe Sac alt se Free os) Gee quae: Gath on ara ae (CS) carmen: tartare (2) arias ee aoa ora eae &) Seach sar: site weg fete oe cheney Ea AT | BaP ug fate &, sicperareh ate aii ser Spree TSE TTT 25 ara ante seed HLA BE renee, aga sh A srpabell at feet wae a Ba ae] see, seariel ar BT pa AT PT MATT PH) Be BATT ETT TE AAT EMT - G) Tair ar gant ata 4 sieneat tire arin daa sear, sic fet Ota unin, Se Ft aiaies Bh Gi) squad aah, cei a6) sore Fh one sta, mire, uae ott fastens ate anh ger sie ere eaylrd, de Red), sa rue HN So SL: ST 2 Fara, Pater abe ara anh trae ate 8h aah ear ae eT BA aren aInisi %a aga i any a 3 cea We strorpat ei onion dat Taree, sateen, wae ar Petar Se, see ae ce A en are, Gen a aT fea, ciaeex, Pore 98 3rd wane ent ga ore wh TTA ee SHY att set sigcract ara ano de a se an Plate act art ent ge sat Sarit ate eafaregt a thartrarl oa & erfirer Rear sre | (i) ra orga ary Ba ae eE Peahe a art arr wh ip meare Be ora ferret ae Farah fore ferent atte eter a wes ner Ban St ferret eter aftr eat Sewer, eT care ake Be ar ds Fees a eT HT ae eB CO eee S site waned 1a aircon Ars aT Bay 35 ear war] Pe Fu 8, ofattet Sata onto de sea ea Te ar aT a ‘Se abate Seta wet dep ow or Pra Gy) aR, sare a werd ante = signee Settr orton 4a et aorta & ter A fect eae a ae, aedher ar area eetenfen aioe Ber ‘are 4 ere an area atta 8, ae steempat 341% Sapa air AT sara Fee a fener aren Me AE Bee aT ae TET Be eT fn se 7H fret mare & GET wees S rahe wet ern, fet ae, ate a1 srt arena sift data on aa are aa & Fes SI Ta ‘ST wad faite fem or rer é site ary Para eee | Gv) feat aaah afer cece arcane, ear a Pet sit aC feat a arts & sivoracd ata ori dat 3 A ae waran a orate Sere ae a Prem Tar cara ART PET alte siereorvat ae 8 TR wed cifteat al aint deta oni da aha oie afte AT TET | 3.) Saemeat da 3 ele aaa Fp Gren tr arg ara or ara aT Toros, aes SAT, ero Seema Hey GATT a aT ot a searit a arett Fact ory sareferal atte ae area simrofir eared Be ae A, staftal aa anim ds water ah vant cede ST Fe ae afte Sere a 8 eo ere sere she aah ore St 27 oT a a NR RAGREINARY este) aaa nroee ferro we Werner fae ee tech as aaa a we oer yee eT | (i) Ewen Rare Se ate 4, wen atereer aafahiaa, 1982 7 PRT fete, (908 a fch are Bae ye tlw atkyper steered Sate veo, dai & ata qeties, softs ot taal seer, fecatet, fasten, sh ite Peat sitar & safarel ar ea aT 5 Ligne 3 orga alates Sarr unin teat vat gente OPT stern deta aptoraee & wnt saith (afte fears shire, 1947 3 sei Sp oie Sra Be a areas Sala a a) Hae Sah Bera aT wa eatin atte ten a et ret oe ond FH Ae ae EF oT Se Ane! 3, wane Pome abe Saat vet fe or a Feit Ba a Sr 7 & rat fae ote 7 aT ee fire Te ahaa of gah were aftesa ar Foi ge after a1 Soar ST Paral Psa ae cer TT ‘pia site oni Sera a a EE eT infest Saha ary aa wg Ae ae ova feet H sata vA stata da unr i635 ret Ulta a A at ah aT EL Taree ainiah Ooh orche 3s after da siacneat fe, setae oe STREETS AR, ST TE ate SAR Spee fact sere Tame Tey fe BTR STS nm Sa rer Bag arate anion d's ba enfera iol ch 5a trae Tepes ae Sa Peer Te a, Fe aaa ah A ate Se orto aa re Re yeaa Qu avi aaa ailelie ar ere 3 AT TTT (1) ainte eats fier ene | 10, Fa aeRean & Beh wanes ae aA 4 ale aie sare 2c a AT aman, st san atefar ek Bi apis Stk Sh tat gears I ae aT Sater fie nae gaia Ot ae a et oo B vi ashates-erareM A ll aid gen ae