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Section 49C: Alteration of memorandum of a banking company.

The Banking Regulation Act, 1949Central Act · Act 10 of 1949

[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.]

Where this provision sits

ActThe Banking Regulation Act, 1949
Section49C
Marginal noteAlteration of memorandum of a banking company.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 33 of 1959. . Ins. by Act 33 of 1959, s. 35 (w.e.f. 1-10-1959).

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