S.O.2750(E).--In exercise of the powers conferred by section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), the Central Government, after consultation with Reserve Bank of India, hereby makes the following scheme further to amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, namely:-
(1) This scheme may be called the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2012.
(2) It shall come into force on the date of its publication in the Official Gazette.
In the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, in clause 12, for sub-clause (2), the following shall be substituted, namely:-
(2) "The Board shall meet at such time and place and shall observe such rules of procedure in regard to transaction of business at its meetings as may be specified; and the meeting of the Board may be held by participation of the Directors of the Board through video conferencing or such other electronic means, as may be specified, which are capable of...