Banking Regulation Act 1949

Non Banking Financial Companies (Reserve Bank Of India Act 1934)

Introduction - Chapter III B of the Reserve Bank of India Act,1934 the provisions relating to non-banking institutions receiving deposits and…

Introduction The Relation between Banker and Customer is Contractual. It is regulated by general provisions of the law of contract. The …

Licensing of banking companies - According to Section 22 (1) of the Banking Regulation Act, 1949 no on company shall carry on banki…

Introduction - The Banking Companies Act 1949 was passed to consolidate and amend the law relating to banking companies. This Act came in…

What is Hundi/Poorja - A Hundi may be defined as a bill of exchange drawn in a vernacular language in accordance with the custom of local me…

Meaning and Definition of Bank Draft - The Term 'Draft' has not been included in the definition of Negotiable Instruments given …

Introduction - A charted Accountant can be appointed as a Company Auditor. A Charted Accountants means a person who is a member of The…

Section 18 of the Banking Regulation Act 1949 deals with the provision Cash Reserve. It is substituted by the amendment of 1984 w.e.f 29/…

The provision of Reserve fund is substituted by amendment of 1949 w.e.f 01/10/1959. Section 17 of the Banking Regulation Act,1949 de…

Part II Business of Banking Companies, Banking Regulation Act 1949 Section 24 speaks about maintenance of a percentage of assets. Some pr…

Section 20 of the Banking Regulation Act 1949 lay down restrictions on loans and advances has been wholly amended from 1 February 1969. It is…

In the Year,1968 Part-II-B prohibition of certain activities in relation to banking companies is inserted in Banking Regulation Act,…

Section 6 (Part II) of the Banking Regulation Act deals with the provisions of Business of Banking Companies and the forms of Business …

Section 35 of the Banking Regulation Act 1949 have been incorporated to check the malpractices in Banking Companies. Section 35 of…

Every banking company has to obtain the previous approval of The Reserve Bank before appointing or Re-appointing and removing any audito…