Section 11: Licensing of Banking Companies

Banking Regulation (Companies) Rules 1949Central Rules · 1949

A company desiring to have a licence under section 22 of the Act shall apply to the principal office of the Reserve Bank in a form specified below, namely:—

(a) in the case of a company incorporated in India and desiring to commence banking business, in 2[Form III],

(b) in the case of company incorporated in India and in existence at the commencement of the Act, in 2[Form IV], and

(c) in the case of company incorporated outside India and desiring to commence/carry on banking business in India, in 2[Form V].

Where this provision sits

Act	Banking Regulation (Companies) Rules 1949
Section	11
Marginal note	Licensing of Banking Companies
Jurisdiction	Central
Status	In force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? Banking Regulation (Companies) Rules 1949 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.