THE BANKING REGULATION ACT, CONTENTS. Introduction i. PART I. Preliminary. Section. Pages. 1. Short title, extent and commencement 1. 2. Find various provisions of the Banking Regulation Act, on Hello Counsel. Read Banking Regulation Act book reviews & author details and more at Reserve Bank of India Act (Bare Act) ( Edition) by Taxmann.
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Taxmann’s Banking Regulation Act – Bare Act
Regulation of paid-up capital, subscribed capital and authorized capital and voting rights of shareholders. Copies of balance-sheets and accounts to be sent to Registrar.
Section45E – Special provisions to make calls on contributories. Reserve Bank to be official liquidator.
Section49B – Change of name by a banking company. Provided that the banking company banking regulation act 1949 bare act, within the period of seven years as aforesaid deal or trade in any such property for the purpose of facilitating the disposal thereof:.
Principles, Laws and Practices. Requirement as to minimum paid-up capital and reserves. Provided that a person shall be disqualified for being a chairman who is appointed on a whole time basis or a managing director, if be—.
Banking Regulation Act, 1949
Use of words “bank”, “banker”, “banking” or “banking company”. Section45T – Enforcement of orders and decisions of High Court. Act to override memorandum, articles, bankiny.
Protection of action taken under Act. Connect with Us Facebook Twitter Instagram. Provided further that the Reserve Bank may in any particular case extend the aforesaid period of seven years by such period not exceeding five years where it is satisfied that such extension would be in the interests of the depositors of the banking company.
Right to Information Act Provided further that a regional rural bank shall furnish such returns also to the National Bank. Provided that a person shall be disqualified for being a chairman who is appointed on a whole time basis or a managing director, if be— a is a director of any company other than a company referred to in the proviso to sub-section 2or b banking regulation act 1949 bare act a partner of any firm which carries on any trade, business or industry, or c has substantial interest bankjng any other company or firm, or d is a director, manager, managing agent, partner or proprietor of any trading, commercial or industrial concern, or e is engaged in any other business or vocation.
Act to banking regulation act 1949 bare act to co-operative societies in certain cases. Customers who regklation this item eegulation bought.
Provided further that this sub-section shall not apply if and when the director concerned vacates the office of the director of the banking company, whether by death, retirement, resignation or otherwise. Prohibition of employment of Managing Agents and restrictions on certain forms of employment. Customers who viewed this item also viewed.
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Banking Regulation Act, 1949: Bare Act
Section36AE – Power of Central Government to acquire undertakings of nanking companies in certain cases. Negotiable Instruments Act, Banking company to be managed by whole time chairman. Industrial Employment Standing Orders Banking regulation act 1949 bare act Power of Rdgulation Bank to control advances by banking companies. Provisions of sections 10A and 10B to override all other laws, contracts, etc. Retrieved from ” https: Restriction on commission, brokerage, discount, etc.
Section52 – Power of Central Government to make rules.
View or edit your browsing history. It is hereby enacted as follows: Further powers and functions of Reserve Bank. Application of other laws not barred. What other items do customers buy after viewing this item? Section23 – Restrictions on opening of new, and transfer of existing, places of business.