Section 51 of the banking regulation act 1949
Web7Every chairman who is appointed on a whole-time basis, managing director, director, auditor], liquidator, manager and any other employee of a banking company shall be deemed to be a public servant for the purposes of Chapter IX of the Indian Penal Code (45 of 1860). 1. Subs. by Act 1 of 1984, s. 38, for sub-section (4) (w.e.f. 15-2-1984) 2. WebCentral Government Act. Section 51 (1) in BANKING REGULATION ACT,1949. (1) ] Without prejudice to the provisions of the State Bank of India Act, 1955 (23 of 1955) or any other enactment, the provisions of sections 10, 13 to 15, 17, 3 [19 to 21A, 23 to 28, 29] excluding sub-section (3) 4 [sub-section (1B), (1C) and (2) of sections 30, 31,] 34 ...
Section 51 of the banking regulation act 1949
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WebAs per banking regulation act 1949 under section 5 (f) “Demand liabilities” means liabilities which must be met on demand, and “Time liabilities” means liabilities which are not … WebSection 51 of Banking Regulation Act, 1949 mentions the applicability of certain sections of Banking Regulation Act to a corresponding new bank. The Banking Companies (Acquisition and Transfer of Undertakings) Act, 197 Restrictions on voting rights 3 . 0 - Section3(2E)
WebBANKING REGULATION ACT, 1949. w w w . L a w y e r S e r v i c e s . i n. ... "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India … Web24 Sep 2024 · The RBI under the Banking Regulation Act, 1949 act can also impose restrictions on banks to ensure better governance and control. Meanwhile, Section 56 of the act is applicable to cooperative ...
Web29 Jul 2024 · Scope and applicability of the Banking Regulation Act, 1949. The sections under this Act are to be interpreted along with the sections of the Companies Act, 1956, or … WebThe Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. [1] Passed as the Banking Companies Act 1949, it came into force from 16 March …
WebCorporate and Allied Laws: CA:Banking (Class 1) The Banking Regulations Act 1949 Section 5 Section 7 Section 9;History of the Banking Regulation Act ...
WebSection 51 (1) (a) in BANKING REGULATION ACT,1949 [ ] [ Section 51 ] [ Complete Act ] Take notes as you read a judgment using our Virtual Legal Assistant and get email alerts … dry by christmasWebSection 51 (1) (a) in BANKING REGULATION ACT,1949. (a) nothing contained in clause (c) of sub-section (1) of section 10 shall apply to the chairman of the State Bank of India or to a 7 [managing director] of any subsidiary bank insofar as the said clause precludes him from being a director of, or holding an office in, any institution approved ... dry by baby showerWebTHE BANKING REGULATION ACT, 1949 _____ ARRANGEMENT OF SECTIONS _____ PART I PRELIMINARY SECTIONS 1. Short title, extent and commencement. 2. Application of other … comic show livonia farmington roadWeb1[51. Application on of certain provisions to the State Bank of India and other notified banks.--2 [ (1)] Without prejudice to the provisions of the State Bank of India Act, 1955 (23 … dry by liv hair dryerWebAgain, as per Sec. 24 of the Banking Regulation Act, 1949, every scheduled bank has to maintain 31.5% on domestic liabilities up to the level outstanding on 30.9.1994 and 25% on any increase in such liabilities over and above the said level as on the said date. dry by london foundersWebThe Banking Regulation Act, 1949 was enacted to consolidate and amend the law relating to banking. Part V of the said Act provides for the application of the Banking Regulation Act, 1949 to co-operative banks, subject to certain modifications specified in section 56 thereof. Keeping in view the developments in the banking sector and regulation comics i don\\u0027t understand bill bickelWebSection 5 of Banking Regulation Act 1949: Interpretation 2[In this Act], unless there is anything repugnant in the subject or context,- 3[(a) "approved securities" means the … dry by london review