Banking Regulation Act,1949 |
Act No : 10 of 1949 |
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Contents of Act: |
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SECTION( 13. ) Restriction on commission, brokerage, discount, etc., on sale ofshares. | |
SECTION( 14. ) Prohibition of charge on unpaid capital. | |
SECTION( 14A. ) Prohibition of floating charge on assets. | |
SECTION( 15. ) Restrictions as to payment of dividend. | |
SECTION( 16. ) Prohibition of common directors. | |
SECTION( 17. ) Reserve Fund. | |
SECTION( 18. ) Cash reserve. | |
SECTION( 19. ) Restriction on nature of subsidiary companies. | |
SECTION( 20. ) Restrictions on loans and advances. | |
SECTION( 20A. ) Restrictions on power to remit debts. |