No banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.
Section 14: Prohibition of charge on unpaid capital.
The Banking Regulation Act, 1949Central Act · Act 10 of 1949
Where this provision sits
| Act | The Banking Regulation Act, 1949 |
|---|---|
| Section | 14 |
| Marginal note | Prohibition of charge on unpaid capital. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 1 |
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