Section 30 of banking regulation act
Web29 Sep 2024 · (i) no person shall be entitled to demand payment towards surrender of shares issued to him by a co-operative bank; and (ii) a co-operative bank shall not withdraw or reduce its share capital, except to the extent and subject to such conditions as the Reserve Bank may specify in this behalf.”;’; (H) clauses (l), (n) and (p) shall be omitted; Web14 Apr 2024 · 30 Liabilities which are not included in deposit liabilities of bank. Part XIII MISCELLANEOUS. 32 Prescribed appointments for bank incorporated in Singapore 33 …
Section 30 of banking regulation act
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http://164.100.47.4/BillsTexts/LSBillTexts/Asintroduced/56%20_2024_LS_ENG.pdf WebThe section states that every banking company has to maintain in cash, gold or unencumbered approved securities, an amount not less than 20% of its demand and time liabilities in India. This percentage may be changed by the RBI from time to time according to economic circumstances of the country.
WebTHE BANKING REGULATION ACT, 1949 __________ ARRANGEMENT OF SECTIONS ____________ PART I PRELIMINARY SECTIONS 1. Short title, extent and commencement. 2. Application of other laws not barred. 3. Act not to apply to certain co-operative societies. 4. Power to suspend operation of Act. 5. Interpretation. 5A. WebSection 20 of Banking Regulation Act 1949: Restrictions on loans and advances. (1) Notwithstanding anything to the contrary contained in section 77 of the Companies Act, 1956, (1 of 1956) no banking company shall,-. (a) grant any loans or advances on the security of its own shares, or. (b) enter into any commitment for granting any loan or ...
WebSearch the site . You are here. Home » Documents » Notices Web1 [(1) The balance-sheet and profit and loss account prepared in accordance with section 29 shall be audited by a person duly qualified under any law for the time being in force to be an auditor of companies.]. 2 [(1A) Notwithstanding anything contained in any law for the time being in force or in any contract to the contrary, every banking shall, before appointing re …
WebSection 30 (1) in BANKING REGULATION ACT,1949. (1) The balance-sheet and profit and loss account prepared in accordance with section 29 shall be audited by a person duly qualified under any law for the time being in force to be an auditor of companies.] 2 [ (1A) Notwithstanding anything contained in any law for the time being in force or in any ...
WebPower to vary conditions of banking licence. (1) The central bank may, at any time, amend, vary or cancel any condition attached to, or impose new conditions on, the licence of a … bufferin strengthWeb192 Likes, 0 Comments - ET NOW (@etnow) on Instagram: "The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the State Bank of..." ET NOW on Instagram: "The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the State Bank of India for deficiencies in regulatory compliance. buffer ins texasWeb11 Jan 2024 · Section 30 – Power to order Special audit : In the public interest or in the interest of the banking company or its depositors, the RBI may at any time by order direct that a special audit of the banking company’s accounts. buffer in suspensionWebTHE BANKING REGULATION ACT, 1949 _____ ARRANGEMENT OF SECTIONS _____ PART I PRELIMINARY SECTIONS 1. Short title, extent and commencement. 2. Application of other … bufferin tablets empirical formulaWebThe Banking Regulation Act ... and discharge the duties and be subject to the liabilities and penalties imposed on, auditors of companies by 5 [section 227 of the Companies Act, ... for "the audit of the transaction or class of transactions" (w.e.f. 30-12-1988). 5. Subs. by . Act 58 of 1968, s. 8, for "section 145 of the Indian ... buffer in tcpWebSection 30 in BANKING REGULATION ACT,1949. 30. Audit.—1[. (1)The balance-sheet and profit and loss account prepared in accordance with section 29 shall be audited by a … buffer in the browserWeb31 Mar 2008 · Banking Act Acts Published Date: 31 March 2008 Banking Act 1970 Governs the licensing and regulation of banks, merchant banks and related institutions, including their credit card and charge card business. bufferin target