Section 38 of banking regulation act

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August undefined, 2024

WebThe Reserve Bank shall, if it has been directed by the Central Government to cause an inspection to be made, and may, in any other case, report to the Central Government on any inspection 4[or scrutiny] made under this section, and the Central Government, if it is of opinion after considering the report that the affairs of the banking company are being … Web30 Jun 2024 · any instrument or transaction described in paragraphs (a) to (h) to the extent that the bank would be indemnified or otherwise protected from losses that may be …

Banking Regulation Act, 1949 - WIRC-ICAI

Web7 Nov 2024 · Section 38 (1) of the Act provides the grounds based on which the Court shall order a banking company to wound up. The grounds are: 1. The banking company is … WebThe following points highlight the eleven provisions of banking regulation act. They are: (1) Prohibition of Trading (2) Non-Banking Assets (3) Management (4) Minimum Capital and Reserves (5) Capital Structure (6) Payment of Commission, Brokerage etc. (7) Reserve Fund/Statutory Reserve (8) Cash Reserve (9) Liquidity Norms (10) Restrictions on Loans … the holiday inn aruba

THE BANKING REGULATION (AMENDMENT) BILL, 2024

Web20 Jul 2001 · Valid from 01/12/2001. Restrictions under section 12 of the Banking Act U.K.. 38. —(1) This article applies where immediately before commencement a person was subject to a restriction on authorisation imposed under section 12 of the Banking Act. Web2015. 73. The Companies Act (Amended) (legislated in 1956) 2015. Reserve Bank of India act, 1934: The RBI Act, 1934 is a legislative act under which the Reserve Bank of India was established. Along with the Companies Act, it was amended in 1936 to provide a framework for the supervision of banking firms in India. Web11 Jul 2013 · Part 8 Bank's Power to Make Regulations (ss. 48-51) 48. Bank's power to make regulations. ... Amendment of section 36A of Central Bank Act 1997. Part 11 Amendments to Part IIIC of Act of 1942 (ss. 67-71) ... Act 2008. 93. Amendment of section 38 of Credit Institutions (Stabilisation) Act 2010. 94. Amendment of section 6 of Irish Bank Resolution ... the holiday inn coryton

THE MONETARY AUTHORITY OF SINGAPORE THE BANKING ACT, CAP. 19 (SECTION 38)

Banks Act: Regulations South African Government

Web—(1) These Regulations may be cited as the Financial Services Act 2024 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and … WebPART III SUSPENSION OF BUSINESS AND WINDING UP OF BANKING COMPANIES 36B. High Court defined. 37. Suspension of business. 38. Winding up by High Court. 38A. Court liquidator. 39. Reserve Bank to be official liquidator. 39A. Application of Companies Act to liquidators. 40. Stay of proceedings. 41. Preliminary report by official liquidator. 41A. the holiday inn brentfordWeb(ii) the returns, statements or information furnished to it under or inpursuance of the provisions of this Act disclose that the banking company is unable to pay its debts; or (iii) … the holiday inn airport

"Web38 Institution of proceedings (1) In this section “an offence” means an offence under section 36. (2) Proceedings for an offence may be instituted in England and Wales only— (a) by … " - Section 38 of banking regulation act

Section 38 of banking regulation act

Section 38 - The Banking Regulation Act - lawgist.in

Web4 Jun 2007 · Banking (Financial Penalties Under Sections 38 and 39) Order 2007. Sets out the financial penalty payable by banks for any failure to comply with any requirement … WebThe Act came into force on 1 August 2013. This introduced new protections for persons making protected disclosures to the Central Bank as well as new obligations on certain …

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WebDistributing Bank and Distributing Bank Holding Company Regulations (SOR/2006-303) Electronic Documents (Banks and Bank Holding Companies) Regulations (SOR/2010-239) … Web2. If the acquired bank is not incorporated in India, the assets or, as the case may be, the liabilities of the bank shall be, for the purposes of Part 1 and Part 11, and subject to the …

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 …

Web23 rows · Search the site . You are here. Home » Documents » Notices Web6 Jun 2024 · Section 38 of The Banking Regulation Act, 1949: Winding up by High Court. Winding up by High Court. – (1) Notwithstanding anything contained in section 391, section 392, section 433 and section 583 of the Companies Act, 1956 (1 of 1956), but without prejudice to its powers under sub-section (1) of section 37 of this Act, the High Court …

WebThe Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. [1] Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in Jammu and Kashmir from 1956.

http://164.100.47.4/BillsTexts/LSBillTexts/Asintroduced/56%20_2024_LS_ENG.pdf the holiday inn airport ft myersWeb26 Aug 2011 · Provisions of the Banking regulation Act, 1949 are not in substitution of other laws applicable, unless otherwise expressly said (Section 2 sub 56 (b) Act is not applicable to 1 Primary Agricultural Society 2 Co-operative Land Mortgage Bank 3 Any other co-operative society except as provided by Sec. 56 (Section 3) the holiday inn bexleyWebNo such application shall be maintainable unless it is accompanied by a report of the Reserve Bank indicating that in the opinion of the Reserve Bank the banking company will be able to pay its debts if the application is granted: Provided that the 1[High Court] may, for sufficient reasons, grant relief under this section even if the application ... the holiday inn brighouseWebSection 38 of The Banking Regulation Act, 1949: Winding up by High Court. – (1) Notwithstanding anything contained in section 391, section 392, section 433 and section … the holiday inn chesterWebTHE BANKS ACT, 1990 To provide for the regulation and supervision of the business of public companies taking ... Permission for acquisition of shares in bank or controlling company 38. Registration of shares in name of nominees ... Amendment of section 3 of Act 61 of 1973, as amended by section 106 of Act 82 of 1986 95. Repeal of laws, and savings the holiday inn barnsleyWeb29 Sep 2024 · 1. Short title and commencement. (1) This Act may be called the Banking Regulation (Amendment) Act, 2024. (2) It shall be deemed to have come into force on the 26th day of June, 2024, except section 4, which, in so far as it relates to––. (i) primary co-operative banks, be deemed to have come into force on the 29th day of June, 2024; the holiday inn birminghamWebBank Act 1 - Short Title 2 - PART I - Interpretation and Application 2 - Definitions 2.1 - Interpretation 13 - Application 15 - PART II - Status and Powers 22 - PART III - Incorporation and Continuance 22 - Formalities of Incorporation 33 - Continuance 39.1 - Discontinuance 40 - Corporate Name 45 - PART IV - Organization and Commencement the holiday inn chennai