Section 38 of banking regulation act
Web(4) Without prejudice to the provisions contained in section 434 of the Companies Act, 1956 (1 of 1956), a banking company shall be deemed to be unable to pay its debts if it has … WebThe Banking regulation Act was originally passed as Banking Companies Act 1949 and came into force w.e.f. 16 th March, 1949. There were amendments in August, 2024 giving …
Section 38 of banking regulation act
Did you know?
Web23 rows · Search the site . You are here. Home » Documents » Notices WebSection 38 of The Banking Regulation Act, 1949: Winding up by High Court. – (1) Notwithstanding anything contained in section 391, section 392, section 433 and section …
Web6 Jun 2024 · Section 38 of The Banking Regulation Act, 1949: Winding up by High Court. Winding up by High Court. – (1) Notwithstanding anything contained in section 391, section 392, section 433 and section 583 of the Companies Act, 1956 (1 of 1956), but without prejudice to its powers under sub-section (1) of section 37 of this Act, the High Court … Web4 Jun 2007 · Banking (Financial Penalties Under Sections 38 and 39) Order 2007. Sets out the financial penalty payable by banks for any failure to comply with any requirement …
Web7 Nov 2024 · Section 38 (1) of the Act provides the grounds based on which the Court shall order a banking company to wound up. The grounds are: 1. The banking company is … WebNo such application shall be maintainable unless it is accompanied by a report of the Reserve Bank indicating that in the opinion of the Reserve Bank the banking company will be able to pay its debts if the application is granted: Provided that the 1[High Court] may, for sufficient reasons, grant relief under this section even if the application ...
http://164.100.47.4/BillsTexts/LSBillTexts/Asintroduced/56%20_2024_LS_ENG.pdf
WebTHE BANKS ACT, 1990 To provide for the regulation and supervision of the business of public companies taking ... Permission for acquisition of shares in bank or controlling company 38. Registration of shares in name of nominees ... Amendment of section 3 of Act 61 of 1973, as amended by section 106 of Act 82 of 1986 95. Repeal of laws, and savings fat brain toys 1 year old boyWeb2015. 73. The Companies Act (Amended) (legislated in 1956) 2015. Reserve Bank of India act, 1934: The RBI Act, 1934 is a legislative act under which the Reserve Bank of India was established. Along with the Companies Act, it was amended in 1936 to provide a framework for the supervision of banking firms in India. fresh cut christmas tree not drinking waterWeb(2) It shall be the duty of every director or other officer 3 [or employee] of the banking company to produce to any officer making an inspection under sub-section (1) 4 [or a scrutiny under sub-section (1A)] all such books, accounts and other documents in his custody or power and to furnish him with any statements and information relating to the … fresh cut christmas tree not taking waterWebTHE BANKING ACT, CAP. 19 (SECTION 38) Section 1: Computation of Qualifying Liabilities ( Name of Bank ) As at close of business on ( day/month/year ) S$’000: S$’000; All liabilities of the bank denominated in SGD due to non-bank customers: All liabilities of the bank denominated in SGD due to the Authority within one fresh cut christmas trees delivered near meWebPART III SUSPENSION OF BUSINESS AND WINDING UP OF BANKING COMPANIES 36B. High Court defined. 37. Suspension of business. 38. Winding up by High Court. 38A. Court liquidator. 39. Reserve Bank to be official liquidator. 39A. Application of Companies Act to liquidators. 40. Stay of proceedings. 41. Preliminary report by official liquidator. 41A. fresh cut christmas tree priceWeb29 Sep 2024 · 1. Short title and commencement. (1) This Act may be called the Banking Regulation (Amendment) Act, 2024. (2) It shall be deemed to have come into force on the 26th day of June, 2024, except section 4, which, in so far as it relates to––. (i) primary co-operative banks, be deemed to have come into force on the 29th day of June, 2024; fresh cut christmas trees near 19446Web25 Aug 2024 · The existing Section 38 of the CGST Act is titled ‘Furnishing details of inward supplies’. It governed the furnishing of details of outward supplies (i.e. sales) by a … fresh cut christmas trees lot near me