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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Insolvency And Bankruptcy Code Forms of business banking regulation act 1949 bare act which banking companies may engage. Restrictions on opening of new, and transfer of existing, places of business. Licensing of banking companies. Canada Committee on Banking an Commerce. Production of documents of confidential nature. Regulation of paid-up capital, subscribed capital abre authorised capital and voting rights of shareholders.

Banking Regulation Act, 1949

Amazon Prime Music Stream millions of songs, ad-free. Part II not to apply to banking companies being wound up.

Banking Regulation Act, Power of Reserve Bank to appoint Chairman of the Board of directors appointed on a whole-time basis or a managing director of a banking company.

Part IIIA to override other laws.

Page 1 of 1 Start over Page 1 of 1. Power of Reserve Bank to control advances by banking companies. Power of Central Government to acquire undertakings of banking companies in certain cases.

Banking Regulation Act Complete Act – Citation – Bare Act | LegalCrystal

Section51 – Application of certain provisions to the State Bank of India and other notified banks. Act to apply to co-operative societies in certain cases. 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 of its paid-up capital shall not be less than five lakhs of rupees; iii if banking regulation act 1949 bare act has all its places of business in one State, one or more of which is or are situated in the city of Bombay or Calcutta, five lakhs of rupees, plus twenty-five thousand rupees in respect of each place of business situated outside the regulatuon of Bombay banking regulation act 1949 bare act Calcutta, as the case may be: 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.

Section10 – Prohibition of employment of managing agents 199 restrictions on certain forms of employment.

Provisions of sections 10A and 10B to override all other laws, contracts, etc. Certain claims for compensation barred. Provided that the Reserve Bank may, in any case, on an application in writing made to it by the banking company in this behalf, extend the period for the recovery of the loan bwre advance until such date, not being a date beyond the period of three years banking regulation act 1949 bare act the commencement of banking regulation act 1949 bare act said section 5, and subject to such terms and conditions, as the Reserve Bank may deem fit: To get the free app, enter mobile phone number.

Alteration of memorandum of a banking company. Section45I – Duty of directors and officers of banking company to assist in the realisation or property. Monthly returns and power to call for other returns and information. Cooperative ac, which operate only in one state, are formed and run by the state government. Chief Presidency Magistrate and District Magistrate to assist official liquidator in taking charge of property of banking company being wound up.

Banking Regulation Act, 1949: Bare Act

Prohibition of employment of managing agents and restrictions on certain forms of employment. Prohibition of floating charge on assets. Minimum Wages Act Restriction on commission, brokerage, discount, etc. Special provisions for private banking companies. There was a problem filtering reviews right now.

Banking Regulation Act, Bare Act | Hello Counsel

Section32 – Copies of balance-sheets and accounts to be sent to registrar. Punishments for certain activities in relation to banking companies. Rates of interest charged by banking companies not bankong be subject to scrutiny by courts.

Carriage by Air Act Shopbop Designer Fashion Brands. Validation of certain proceedings. Provided that the Reserve Bank may in any case extend the said period of three months for the furnishing of such returns by a further period not exceeding three months: