Banking Regulation Act,1949 |
Act No : 10 of 1949 |
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Contents of Act: |
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SECTION( 21. ) Power of Reserve Bank to control advances by banking companies. | |
SECTION( 21A. ) Rates of interest charged by banking companies not to be subject toscrutiny by courts. | |
SECTION( 22. ) Licensing of banking companies. | |
SECTION( 23. ) Restrictions on opening of new and transfer of existing, places ofbusiness. | |
SECTION( 24. ) Maintenance of a percentage of assets. | |
SECTION( 25. ) Assets in India. | |
SECTION( 26. ) Return of unclaimed deposits. | |
SECTION( 27. ) Monthly returns and power to call for other returns and information. | |
SECTION( 28. ) Power to publish information. | |
SECTION( 29. ) Accounts and balance-sheet. |