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

Section 49C: Alteration of memorandum of a banking company.
    1[49C. Alteration of memorandum of a banking company.--Notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), no application for the confirmation of the alteration of the memorandum of a banking company shall be maintainable unless the Reserve Bank certifies that there is no objection to such alteration.]
Notes:
1. Ins. by Act 33 of 1959, s. 35 (w.e.f. 1-10-1959).
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