Web(ii) carrying out the terms of, or the obligations under, a scheme sanctioned under sub-section (7) of section 45, by any person, such person shall be punishable with fine which may extend to 2 [3 [one crore rupees] or twice the amount involved in such contravention or default where such amount is quantifiable, whichever is more, and where a … WebThe Banking Regulation Act, 1949 was enacted to consolidate and amend the law relating to banking. Section 3 of the said Act provides that the Act shall not apply to certain co-operative societies, except in the manner and to the extent specified therein. Section 45 empowers the Reserve Bank of India for suspension of business by a banking ...

Section 45-O - The Banking Regulation Act - lawgist.in

WebHaving considered all reasonable financial circumstances of the Company in terms of and pursuant to the provisions of Section 45 as read with Section 4 of the Companies Act, the Board satisfied itself that: • Immediately after providing the Financial Assistance referred to above, the Company would satisfy the solvency and liquidity test ... Web(2) When any bank is appointed by the Bank as its agent under sub-section (1) to receive on behalf of the Bank any payment required to be made into the Bank, or any bill, hundies or other securities required to be delivered into the Bank, under any law or rule, regulations or other instructions having the force of law, the same may be paid or … chrome pc antigo

Section 45, 45a RBI Act Appointment of agents Definitions

Web22 Jul 2016 · Section 45ZA (2) of the Banking Regulation Act, 1949 the Bank was supposed to make payment only to a nominee for discharge of its liability. The payment of the … http://164.100.47.4/BillsTexts/LSBillTexts/Asintroduced/114_2024_LS_Eng.pdf Web1[45. Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation.--(1) … chrome pdf 转 图片