 _ no 62 01 1, the banking laws (amendment) bnl, 1984 a bill~ further to "amend) the state bank ot india act, 1955, the state j~a:nk of india (suwtijiary bankf> aot, 1959, the banking comptlllies (acqflit sition and'ttanster of undef'taktng) actl 19'10 ,and the &m1cibg companies (acquisition atad ttanb/er oj undertakinga') a~, 1980 bii it enacted by parliament in the thirty-flfth year of the rapubuc of india as follows: --1 this act may be called the banking laws (amen'dment) act, 1984 short titje " z in the state bank of india act, 1955, after section 43, ,the following inaertigrj 5 section shall be inserted, namely:-of new section 43aid act z3 of 191hj, 21 of 1965 "43a (1) no officer, adviser or other employee [other than an bonul employee within the me~ing of clause (13) of section 2 of the payment of bonus act, 1965] of the state bank whall be entitled to be paid any bonus 10 (2) no employee of the state bank, being an employee within the meanjng of claqse (13) of section 2 of the payment of boiius act, 1965, shall be entitled to be paid any bonus except in accordance with 21 of 1965 the provisions of ·that act (3) the provisions of this -section shall have effect notwithst'blding any judgment, decree or order of any court, tribunal or other authority and notwithstanding anything contained in any other provision of 5' this act or in the industrial disputes act, 1947, or any other law for 14 of 1947 ,the time being in force or any practice, usage or custom or any contract, agreement, settlement, award or other instrument" s in the state bank of india (subsidiary banks) act, 1959, atter aection 50, the following section shall be inserted, namely:-10  ioaertion of new sectlon malnact s8 of 19159;bonua "50a (1) no officer, adviser or other emp10yee [other than an employee within the meaning of clause (13) of section 2 of the payment of bonus act, 1965] of a subsidiary bank shall be entit~ to be 21 of 1960 paid any bonus ' (2) no employee of a subsidiary bank, being an employee within 15 the meaning of clause' (13)' of section 2 of the payment of bonus act, 1985, shall be entitled to be paid any bonus except in accol'danee with 21 of 1965 the provisions of that act (3) the provisions of this section shall have effect notwithstanding any judgment" decree or order of any court, tribunal or other ro authority and jlotwithstanding anything contained in any other provision of this act or in the industrial disputes act 1947, or 'ldy 14otlm7 other law for the time being in force or any practice, usage or custom or any contract, agreement, settlement, award or other instrument" 4 in the banking companies (acquisition and transfer of under- 25 takings) act, 1970, after sectlon 12, the following seetion shall be inserted, namely:- inaertion of new eeettoil lsatnact lof it'70bonua "12a (1) no officer or other employee [other than an employee within the meaning of clause (13) of section 2 of the payment of 'bonus act, 1965] of a corre~nding new bank shall be entitled to be 30 21 of 1965 paid any bonus (2) no employee of a corresponding new bank, being an employee within the meaninjl of c1au~e (~'3) of section 2 of the payment ~ bonus act 1965, shall 'be entitled to be paid any bonus except in 21 of 1985 accordance with the provisions of that act 35 "(3) the provisions of this section shall have effect notwithstanding any judgment, decree or order of any eourl, tribunal or other authority and notwithstanding anythin~ c()ntained in any other provision of this act or in the industrial d~sputes act, 1947, or any 14: of 1947 ot9iet law for the time being in force or any practice, llsage or custom 40 or any contract, a~rpement, settlement, award ('11' other tnstnunent" " "s in the bankine companies (acquisition md tj:ansfer of undertakinp) act, 1980, after section 12, the following section shall be inserted, namely:-21 of 1965 "12a (1) no omcer or other employee [other than an eii1plojee bonua within the meaning of clause (13) of section 2 of the payment  of bonus act, 1965] of a corresponding new bank shall be entitled to be paid any bonus zl of 1965 (l (2) no employee of a corresponding new bank, being an employee within the meaning oflclause (13) of section 2 of the payment of bonus act, 1965, shall be entitled to be paid any bonus except in accordance with the provisions of that act 14of1947 15 (3) the provisions of this section shall have effect notwithstanding any judgment, decree or order of any comt, tribunal or other authority and notwithstanding anything contained in any otber provision of this act or in the industrial disputes act, im7, or any otber law for tbe time being in force or any practice usage or custom or any contract, agreement, settlement, award or o~her instrument"  statement of objects and reasonsin an award notified on 14-1-1984, the central government ,'lildustrial tribldlal, madras, held that the employees of the state bank of india covered by the award should be paid bonus at the rate of one month's substantive pay every half year on the ground that this bas all along been the custom and practice a writ petition filed against this award is pending in the madras high court 2 all public sector banks including the st,ate bank of india come' under the purview of the payment of bonus act, 1965, and the intention is that no bonus other than what is required ~ be paid under the payment of bonus ac~ 1965, shall be paid to the employees of the state bank of india or of any other public sector bank it is proposed to make express provisions in this behalf in 'the state bank of india act, 1955 4dd the enactments relating to the other public sector banks 3 the bill seeks to achieve the above objects new delhi; pranab mukherjee -: :-, the 21st luly, 1984:  a billfurther to amend the state bank of india act, 1955, the state bank of india (subsidiary banks) act, 1959, the banking companies (acquisition and transfer -of undertakings) act~ 19"1q and the banking companies (acquisition and transfer of undertakings) act, -1980 (shri pranab kumar mukherjee, mi'rlilter of f,nancc~) 