Section 1
Short title, extent and commencement.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
(1) This Act may be called the Banking 1[Regulation]
Act, 1949.
2[(2) It extends to the whole of India 3***.]
(3) It shall come into force on such date4 as the Central Government may, by notification in the Official Gazette, appoint in this behalf.
2[(2) It extends to the whole of India 3***.]
(3) It shall come into force on such date4 as the Central Government may, by notification in the Official Gazette, appoint in this behalf.
Notes
1. Subs. by s. 11, ibid., for "Companies" (w.e.f. 1-3-1966).
2. Subs. by Act 20 of 1950, s. 2, for sub-section (2) (w.e.f. 18-3-1950).
3. The words "except the State of Jammu and Kashmir" omitted by Act 62 of 1956, s. 2 and the Schedule (w.e.f. 1-11-1956).
4. 16th March, 1949, see Notification No. F. 4 (46)-FI/49, dated the 10th March, 1949, Gazette of India, 1949, Part I.
2. Subs. by Act 20 of 1950, s. 2, for sub-section (2) (w.e.f. 18-3-1950).
3. The words "except the State of Jammu and Kashmir" omitted by Act 62 of 1956, s. 2 and the Schedule (w.e.f. 1-11-1956).
4. 16th March, 1949, see Notification No. F. 4 (46)-FI/49, dated the 10th March, 1949, Gazette of India, 1949, Part I.