SRD Law Notes

Power of bank to file winding up petition (Section 45MC) - According to Section 45 MC update Reserve Bank of India Act 1934 -          (1…

Reserve Bank of India Act was passed in 1934  and The Reserve Bank of India was established in the year 1935. Section 7 of The Reserve Ba…

As we all know that the Reserve Bank of India is the central bank of the country.  Reserve Bank of India was established in April 1935 under the …

Introduction -           The Banking Regulation Act 1949,  Section 36 of the said Act deals with the power and functions of Reserve Bank of India…

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…