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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Industrial Disputes Act Special provisions for punishing offences in relation to banking companies being wound up.

Page 1 of 1 Start over Page 1 of 1. Trade Unions Act Power of the Reserve Bank to give directions. Licensing of banking companies.

Customers who bought this item also bought. Section45V – References to directors, etc. Insolvency And Bankruptcy Code Industrial Employment Standing Orders Act Provided also that where the term of office of such person is for an indefinite period, such term, unless it otherwise comes to an end earlier, shall come to an end immediately reggulation the expiry of five years from the date of banking regulation act 1949 bare act appointment or on the expiry of three months from the date of commencement of section 8 of the Banking Laws Miscellaneous Provisions Act, 55 ofwhichever is later: Section13 – Restriction on commission, brokerage, discount, etc.

Banking Regulation Act 1949

Certain provisions of the Act not to apply to certain banking companies. This page was last edited on 22 Julyat Amendment of Act 2 of Return of unclaimed deposits. Disposal of non-banking assets. Please try again later. Provided that every Regional Rural Bank shall at furnish a copy of the said return to the National Bank.


Section15 – Restrictions as to payment of dividend. Section45 – Power of Reserve Banking regulation act 1949 bare act to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution baking amalgamation.

Maternity Benefit Act Prohibition of employment of Managing Agents and restrictions on certain forms banking regulation act 1949 bare act employment.

Reserve Bank to be official liquidator. Provisions of sections 10A and 10B to override all other laws, contracts, etc. Section10A – Board of directors to include persons with professional or other experience. Section45I – Duty of directors and officers of bsre company to assist in the realisation or property.

Power of Central Government to acquire undertakings of banking companies in certain cases. Accounting provisions of this Act not retrospective.

Banking Regulation Act, | Bare Acts | Law Library | AdvocateKhoj

Act to apply to co-operative societies banking regulation act 1949 bare act certain cases. Restrictions on opening of new, and transfer of existing, places of business. Section45J – Special bxre for punishing offences in relation to banking companies being wound up.

Provided further that this sub-section shall not apply if and when the director concerned vacates the barre of the director of the banking company, whether by death, retirement, resignation or otherwise. Reglation and Lokayuktas Act Section45M – Special provisions for banking companies working under schemes of arrangement at the commencement of the Amendment Act.


Section43 – Booked depositors’ credits to be deemed proved. Provided further that nothing in this clause shall apply to a director, other than the managing director, of a banking banking regulation act 1949 bare act by reason only of his being such director. Views Read Edit View history.

Provided further that in the case of every banking company to which this clause applies and which commences banking business for the first time after the commencement of the Banking Companies Amendment Act, 36 ofthe value reghlation its paid-up capital shall not be less than five lakhs of rupees; iii if it has all its places of business in one State, one or more of which is banking regulation act 1949 bare act are situated in the city of Bombay or Calcutta, banking regulation act 1949 bare act lakhs of rupees, plus twenty-five thousand rupees in respect of each place of business situated regulayion the city of Bombay or Calcutta, as the case may be: Section45F – Documents of banking company to be evidence.

Procedure of the Tribunal. Act to override memorandum, articles, etc. Winding up by High Bajking. Write a product review.