Banking Regulation Act Indian Bare Acts :

Banking Regulation Act,1949	Act No : 10 of 1949
Contents of Act:	View
SECTION( 8. ) Prohibition of trading.
SECTION( 9. ) Disposal of non-banking assets.
SECTION( 10. ) Prohibition of employment of managing agents and restrictions oncertain forms of employment.
SECTION( 10A. ) Board of directors to include persons with professional or otherexperience.
SECTION( 10BB ) Power of Reserve Bank to appoint chairman of a banking company.
SECTION( 10C. ) Chairman and certain directors not to be required to holdqualification shares.
SECTION( 10D. ) Provisions of sections 10A, 10B and 10BB to override all other laws,contracts, etc.
SECTION( 11. ) Requirement as to minimum paid up capital and reserves.
SECTION( 12. ) Regulation of paid-up capital, subscribed capital and authorisedcapital and voting rights of shareholders.
SECTION( 12A. ) Election of new directors.