Section 20 of the banking regulation act 1949
WebSection 20 of The Banking Regulation Act, 1949: Restrictions on loans and advances. Restrictions on loans and advances. – (1) Notwithstanding anything to the contrary … Web17 Feb 2024 · An Act to make new provision for public access to the countryside; to amend the law relating to public rights of way; to enable traffic regulation orders to be made for the purpose of conserving an area’s natural beauty; to make provision with respect to the driving of mechanically propelled vehicles elsewhere than on roads; to amend the law relating to …
Section 20 of the banking regulation act 1949
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http://www.bareactslive.com/ACA/ACT292.HTM 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 ...
Web1 [3. Act to apply to co-operative societies in certain cases.-Nothing in this Act shall apply to.-. (a) a primary agricultural credit society; (b) a co-operative land mortgage bank; and. (c) any other co-operative society, except in the manner and to the extent specified in Part V.] 1. WebTHE BANKING REGULATION (AMENDMENT) ACT, 2024 N O. 39 OF 2024 [29 th September, 2024.] An Act further to amend the Banking Regulation Act, 1949. B E it enacted by Parliament in the Seventy-first Year of the Republic of India as follows: 1. (1) This Act may be called the Banking Regulation (Amendment) Act, 2024.
Web(1) Where any person leaves any article in safe custody with a banking company, such person may nominate, in the prescribed manner, one person to whom, in the event of the death of the person leaving the article in safe custody, such article may be returned by the banking company. Web11 May 2024 · There are total 55 Sections in the Banking Regulation Act, 1949. Some important sections are listed below: Section 18: Cash reserve. Section 17: Reserve fund. Section 8: Prohibition on trading. Section 9: Disposal of Non Banking assets. Section 6: Business allowed for a banking company.
WebThe Banking Regulation Act, 1949: Tall Title: An Acted till consolidate and amend the rule relating to banking. Ministry: Ministry of Finance: Department: Service out Financial Services: Enforcer Date: 16-03-1949: Notification: 16th Hike, 1949, see Notification Don. F. 4 (46)-FI/49, dated the 10th March, 1949, Gazette a Indien, 1949, Member I.
WebA banking company shall not form any subsidiary company except a subsidiary company formed for one or more of the following purposes, namely:— (a) the undertaking of any … how to check if you have yarn installedWebBanking Regulation Act, 1949. 5. Interpretation. In this Act], unless there is anything repugnant in the subject or context,-. (a) "approved securities" means-. (i) securities in which a trustee may invest money under clause (a), clause (b), clause (bb), clause (c) or clause (d) of section 20 of the Indian Trust Act, 1882 (2 of 1882); (ii) such ... how to check if you need to update driversWeb7 Feb 2024 · The Banking Regulation Act, 1949 is legislation in India that regulates all banking firms in India. Initially, the law was applicable only to banking companies. But, 1965 it was amended to make it applicable to cooperative banks. Some of the important sections of banking regulation acts 1949 are as under. how to check if you have xmpWebBanking Regulation Act, 1949. 24. Maintenance of a percentage of assets (1) After the expiry of two years from the commencement of this Act, every banking company shall maintain [in India] in cash, gold or unencumbered approved securities, valued at a price not exceeding the current market price, an amount which shall not at the close of business on … how to check if you marriedWeb(2)Where a banking company appropriates any sum or sums from the reserve fund or the share premium account, it shall, within twenty-one days from the date of such … how to check if you overclocked your cpuWeb9 Apr 2024 · Act 18 of 1891 and Act 46 of 1949 to apply in relation to Co-operative Banks—. (1) The Bankers” Books Evidence Act, 1891 shall apply in relation to a Co-operative Bank as it applies in relation to a bank as defined in section 2 of that Act. (2) The Banking Companies (Legal Practitioner’s Client’s Accounts) Act, 1949 shall apply in ... how to check if you owe ny state taxesWeb11 Jan 2024 · Section 24A-Power to exempt a Co-operative bank : Without prejudice to the provisions of section 53, the RBI by notification in the Official Gazette, declare that, the whole or any part of the provisions of section 18 or section 24, as may be specified therein, shall not apply to any co-operative bank. Section 27 – Monthly returns and power ... how to check if you need new tires