December 2016 Current Affairs

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Maharashtra Assembly passed amendment to Public Trusts Act, 1950

Maharashtra Assembly passed amendment to Public Trusts Act, 1950
16 March 2016 Current Affairs: Maharashtra Assembly on 15 March 2016 passed a bill to amend the Maharashtra Public Trusts Act 1950. The bill provides for de-registration of long-defunct trusts among other things.Once passed by the Legislative Council, the law would pave way for initiating action against 3.5 lakh such charitable trusts, about 50 percent of the total trusts registered under the Trusts Act.The Amendment Bill It will allow initiating action against the trusts whose trustees have defaulted on reporting the change of details or audited accounts or making other compliances in last five years.It allows for de-registration of trusts whose purpose of formation is either fulfilled or became impossible to fulfill.The bill provides for taking over of management of de-registered trusts and disposal of their properties by sale and depositing of proceeds in government treasury.It also makes it compulsory for the trusts to take previous permission of the charity commissioner before borrowing money.The state Assembly cleared a bill to amend the Maharashtra Cooperative Societies Act 1960, barring tainted directors of banks from contesting polls to any cooperative bank post for 10 years.The provision will be applicable to all members of the board of directors dissolved by the state government in the past as per the directives of the Reserve Bank of India. If such a person is currently a director for various banks, he will have to resign from the post, if any bank governed by him was dissolved for financial irregularities in the past 10 years.The state cabinet has already taken a decision in this regard and issued an ordinance which has been imposed with retrospective effect.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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