SRD Law Notes

Auditors - Appointment, Powers and Duties of Auditors under RBI Act, 1949

Introduction -        A charted Accountant can be appointed as a Company Auditor. A Charted Accountants means a pers…

Cash reserve (Section 18) the Banking Regulation Act, 1949

Section 18 of the Banking Regulation Act 1949 deals with the provision Cash Reserve.  It is substituted by the am…

Reserve Fund (Section 17 of the Banking Regulation Act,1949)

The provision of Reserve fund is substituted by amendment of 1949 w.e.f  01/10/1959. Section 17 of the Banki…

Maintenance of a percentage of assets (Section 24) | Banking Regulation Act, 1949

Part II Business of Banking Companies, Banking Regulation Act 1949 Section 24 speaks about maintenance of a perce…

Restrictions on loans and advances (Section 20) | Banking Regulation Act, 1949

Section 20 of the Banking Regulation Act 1949 lay down restrictions on loans and advances has been wholly amended fro…

Prohibition Of Certain Activities In Relation To Banking Companies (Section 36AD)

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

Forms of Business of Banking Companies | Banking Law

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

Inspection (Section 35 )of Banking companies by Reserve Bank of India (RBI)

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

Audit (Section 30) under the Banking Regulation Act 1949

Every banking company has to obtain the previous approval of The Reserve Bank before appointing or Re-appointin…