WebThe Banking Regulation Act, 1949. An Act to consolidate and amend the law relating to banking. Section 1. Short title, extent and commencement. Section 2. Application of other … WebConcerning a dozen federal statutes offer statutory damaged to successful plaintiffs. As of name proposes, "statutory damages" are damages whose amount (or range) be set by law, u
Banking Regulation Act, 1949 - Wikipedia
WebIndian Kanoon - Search engine for Indian Law Web23 Mar 2024 · In a recent case we found that the Reserve Bank of India (RBI) has imposed on State Bank of Bikaner and Jaipur a penalty of Rs. 20 million under the scope and power conferred by Section 47 (A) (1) (c) and Section 46 (4) (i) of the Banking Regulation Act, 1949 for irregularity with regards to advance import remittance. milwaukee child support papers
Banking Act 2009 - Legislation.gov.uk
Web1 All the provisions of the Act except Chapter V and sub-section (3) of section 49 were brought into force on 9th July, 1988 See Notification No. S.O. 684(E) dated 9th July,1988,Gazette of India, Extraordinary, Pt. ... 1934 but defined in the Banking Regulation Act, 1949, shall have the meanings respectively assigned to them in the Banking ... Web29 Nov 2024 · The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore for holding shares in borrower company of an amount exceeding 30 percent of the … Web7 Feb 2024 · Section 14A (1) of the Banking Regulation Act, 1949, prohibits allowing of advance against its own shares. Section 16 of the Banking Regulation Act, 1949, a person is prohibited to be appointed as director of more than one banking company. Section 18 (1) of the Banking Regulation Act, 1949 (10 of 1949) read with section 56 thereof, confers ... milwaukee child support services