Section 14:
Prohibition of charge on unpaid capital.
No banking company shall create any charge upon
any unpaid capital of the company, and any such charge shall be invalid.
10/1949 - The Banking Regulation Act, 1949 ▶
Act Number: 10
Act Name: The Banking Regulation Act, 1949
Year: 1949
Enactment Date: 1949-03-10
Long Title: An Act to consolidate and amend the law relating to banking.
Ministry: Ministry of Finance
Department: Department of Financial Services