The banking regulation act, 1949 reserve bank of india. The registered designs act 1949 as consolidated 1979 the registered designs act 1949 as consolidated 1979, complete document pdf. Act 1949, the other banking companies irrespective of their nature of corporate entities such as commercial. The santhal parganas tenancy supplementary provisions act, 1949. An act to consolidate and amend the law relating to banking 2. Full course videos, previous year questions and case stuies for sure success. National bank for agriculture and rural development. A reference is invited to section 6 1f of the banking regulation act b. The banking regulation act, 1949 is a legislation in india that regulates all banking firms in india. Section 23 of banking regulation act, 1949 aacs extending. Without prejudice to the provisions of subsection 4, on the failure of a banking company to maintain as on any day, the amount so required to be maintained by or under clause a of subsection 2a the reserve bank may, in respect of such default, require the banking company to pay penal interest for that day as provided in clause a of subsection 4 and if the default continues on the. Discuss the salient features of the indian banking. Education lands act 1949 no 24 as at 12 november 2018.
This act, and that act, may be cited together as the. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. Act to apply to cooperative societies in certain cases. It contained various aspects related to banking in india. Section 23 of banking regulation act, 1949 aacs extending valueadded services through atms. Whereas it is expedient to consolidate and amend the law relating to banking 2. Registration births and deaths act 1949 in the case of any entry in any register, a true copy of all such particulars recorded in such entry except such particulars as relate to the racial colour or origin of the person to whom such entry relates. Even though some practice tests are old dating as far back as 2005, the format of the act hasnt changed much since then except for the introduction of a redesigned writing section in 2015, so youre basically still taking the same. Gst general awareness multiple choice questions with. Narayani disaster investigation commission act, 1949. National bank for agriculture and rural development 3 provided that this subclause shall not apply to the admission, as a member of a cooperative society, which is a state cooperative bank or a central cooperative bank by reason of such bank subscribing to the share capital of.
The banking and regulations act was enacted to safeguard the interest of the depositors and to control the abuse of powers by controlling the banks by any means necessary and to the interest of indian economy in general. For information on visiting the capitol complex, please visit. Br act 1949 free download as powerpoint presentation. Icai the institute of chartered accountants of india. Gst law has replaced many indirect tax laws that previously existed in india. Registration births and deaths act 1949 4 1989 revision c such other registers, notices, certificates, declarations or other documents as he is required to keep by or under this act. Initially, the law was applicable only to banking companies. Principal provisions of banking regulation act, 1949.
Jaiib caiib pdf study material, free mega mock tests for exams in 2020. Banking regulation act, 1949 banking company bankexamstoday. Disabled veteran license plate free disabled veterans may qualify for these plates under act 7 of 1949, or act 30 of 1979 as certified by the veterans administration va. Passed as the banking companies act 1949, it came into force from 16 march 1949 and changed to banking regulation act 1949 from 1 march 1966. Mar 24, 2016 section 23 of banking regulation act, 1949 aacs extending valueadded services through atms please refer to our circular dcbr. Banking regulation act, 1949, precluding the court from scrutinising the rate of. Till 1949, there was no separate act for banking in india. Use of words bank, banker, banking or banking company.
If manufacturing cost of 180 ml imfl bottle is declared as rs. Banking regulation act 1949 and important sections updated. The banking regulation act, 1949 came into force on march 16, 1949. The goods and services tax gst is an indirect tax levied on the supply of goods and services. Important sections in banking regulation act 1949 aspirants zone.
A scheduled bank, in addition to the average daily balance which it is, or may be, required to maintain under section 42 of the reserve bank of india act, 1934 2 of 1934 and every other banking company. This ppt explain various provisions of banking regulation act 1949. Banking regulation act, 1949 bare acts law library. Act, 1949 aacs, in terms of which banks may also engage in managing, selling and realizing any property which may come into its possession in satisfaction, or part satisfaction, of any of its claims. Section 24 of the banking regulation act, 1949 maintenance of. The banking regulation act 1949 extends to whole of india. Important sections in banking regulation act 1949 related to rbis pca.
No company other than a banking company shall use as part of its name 41. Full text containing the act, banking regulation act, 1949, with all the sections, schedules, short title, enactment date, and footnotes. There are many provisions of banking regulation act 1949 and we are going to the topic about business of banking companies. Notwithstanding that the balancesheet of a banking company is under subsection 1 required to be prepared in a form other than the form 3set out in part i of schedule vi to the companies act, 1956 1 of 1956, the requirements of that relating to the balancesheet and profit and loss account of a company shall, in so far as they are not inconsistent with this act, apply to the balance. It reduced the power of the house of lords to delay certain types of legislation specifically public bills other than money bills by amending the parliament act 1911. Companies act 1956 defining company, negotiable instrument act defining public holiday. Xxv c manufacturer means a person holding licence in from pll, brl or cli under the maharashtra distillation of spirit and manufacture of potable liquor rules, 1966. Section 24 of the banking regulation act, 1949 maintenance. Sec 24 of br act directives general credit control selective credit control br act sec 21 and sec 35 a. The remaining provisions of the act shall come into operation in the city of ahmedabad and 10such other cities on such dates as the state. Deputyadministrators act, 1949 wikisource, the free online. Registration births and deaths act 1949 bermuda laws.
The banking regulation act, 1949 is a legislation in india that regulates all banking firms in. Dec 29, 2016 banking regulation act, 1949 presentation by. Banking regulation act 1949 16th march 1949 ramees k abdul aziz roll no. It reduced the power of the house of lords to delay certain types of legislation specifically public bills other than money bills by amending the parliament act 1911 this act is interpreted as one with the parliament act 1911. There are outstanding changes not yet made by the legislation. Mar 03, 20 this act shall be called the deputyadministrators act, 1949. Jan 11, 2020 jaiib free online classes jaiib video lectures in hindi jaiib video lectures paper 2 jaiib video lectures jaiib legal and regulatory aspects of banking jaiib lrb banking regulation act, 1949 br. Banking regulation act, 1949 part 2 jaiib paper 3 bank. The banking regulation act 1949 is a legislation in india, that states all. Short title, extent and commencement 1 this act may be called the banking 2regulation act, 1949.
Read this article to learn about the following important principal provisions of banking regulation act, 1949 i. Rbi circular on section 6 of the banking regulation act. Michigan vehicle code act 300 of 1949 an act to provide for the registration, titling, sale, transfer, and regulation of certain vehicles operated upon the public highways of this state or any other place open to the general public or generally accessible to motor vehicles and distressed vehicles. In exercise of the powers conferred by subsection 1 of section 18 of the banking regulation act, 1949 10 of 1949 read with section 56 thereof, the reserve bank, having regard to the needs for securing monetary stability in india, hereby specifies that the cash reserve ratio crr required to be maintained by every. Declaration of local areas to be cities for purposes of the act. The bombay provincial municipal corporations act, 1949 contents the b. Introduction banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise. Rbi to remove managerial persons under section 36aa of the br act 1949 as applicable. This act shall be called the deputyadministrators act, 1949. Application of provisions of act of 1947 as to inquiries and service of. Rbi to supersede the board under section 36aca of the br act 1949 recommend supersession of the board as applicable. Buy banking regulation act 1949 book online at low. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise.