Section 361 in banking regulation act,1949 1 the reserve bank may caution or prohibit banking companies or any banking company in particular against entering into any particular transaction or class of transactions, and generally give advice to any banking company. An act to consolidate and amend the law relating to banking. The banking regulation act, 1949 reserve bank of india. Ca final banking regulation act 1949 hand written notes in pdf. Download banking regulation act 1949 by panel of experts. Whereas it is expedient to consolidate and amend the law relating to banking 2. Provisions of the banking regulation act, 1949 are not in substitution of. Provided that any banking company which is on the date of the commencement of this. It regulates and supervises the functioning of the commercial banks in india. Banking regulation act 1949 and important sections pdf.
Banking regulation act, 1949 free download as powerpoint presentation. The banking regulation amendment bill, 2017 prsindia. Employees provident fund and miscellaneous provisions act. Requirement as to minimum paidup capital and reserves 1 notwithstanding anything contained in section 149 of the companies act, 1956, no banking company in existence on the commencement of this act, shall, after the expiry of three years from such commencement or of such further period not exceeding one year as the reserve bank. Start this article has been rated as startclass on the projects quality scale. It contained various aspects related to banking in india. The banking regulation act 1949 contains various provisions governing the commercial banks in india. Section 361 in banking regulation act,1949 1 the reserve bank may a caution or prohibit banking companies or any banking company in particular against entering into any particular transaction or class of transactions, and generally give advice to any banking company. Provisions of the banking regulation act, 1949 are not in substitution of other laws applicable, unless otherwise expressly said section 2 sub 56 b act is not applicable to 1 primary agricultural society 2 cooperative land mortgage bank 3 any other cooperative society except as provided by sec. Download free sample and get upto 75% off on mrprental. A s per section 5b of the banking regulation act 1949, banking means the accepting, for the purpose of lending or investment. Scribd is the worlds largest social reading and publishing site. Aug 27, 2019 the banking regulation act 1949 contains various provisions governing the commercial banks in india. Act to apply to cooperative societies in certain cases 4.
Download this app from microsoft store for windows 10 mobile, windows phone 8. Regulation act, 1949 10 of 1949, but defined in the companies act, 1956 1 of 1956 shall have the meanings respectively assigned to them in. The banking regulation act, 1949 is a legislation in india that regulates all banking firms in india. Pdf banking sector in india power point presentation. W an act to consolida e and amend the law rel ting to banking 2. Liability in chit frail transaction whether saved by the provisions of sec. Discuss the salient features of the indian banking. Banking regulation act 1949 free download as powerpoint presentation.
Banking regulation act most important sections br, act 1949. Ca final banking regulation act 1949 hand written notes in pdf format. Banking companies legal practitioners clients account act, 1949 banking regulation companies rules, 1949 banking companies acquisition and transfer of undertaking act, 1969. Buy banking regulation act 1949 by panel of experts pdf online from faculty notes. Use of words bank, banker, banking or banking company 8. The banking regulation amendment bill, 2017 was introduced in lok sabha by the minister of finance, mr. Penalties prescribed under the banking regulation act, 1949. It seeks to amend the banking regulation act, 1949 to insert provisions for handling cases related to stressed assets. Requirement as to minimum paidup capital and reserves 1 notwithstanding anything contained in section 149 of the companies act, 1956, no banking company in existence on the commencement of this act, shall, after the expiry of three years from such commencement or of such further period not exceeding one year as the reserve bank, having regard to the. Power to suspend operation of act is a part of banking regulation act, 1949. Section 192 in banking regulation act,1949 2 save as provided in subsection 1, no banking company shall hold shares in any company, whether as pledgee, mortgagee or absolute owner, of an amount exceeding thirty per cent. Provisions of rbi act 1935, banking regulation act 1949, prevention of. Download banking regulation act 1949 in pdf format. The banking regulation act 1949 extends to the entire nation.
Be it enacted by parliament in the sixtyeighth year of the republic of india as. Form and business in which banking companies may engage. Banking regulation act 1949 and important sections pdf download. Negotiable instrument act1881 the bankersbooks evidence act1891 the reservebank of india act1934 the industrial finance corporation of india act1948 the banking companies legal practitioner clients accounts act1949 the industrial disputes banking and insurance companies act1949. An act to consolidate and amend the law relating to banking 1.
Here we have listed the acts related to banking sector. Banking means the acceptance of deposit for the purpose of lending or investment, the deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque. Banking regulation act, 1949 financial services banks. Banking regulation act 1949 objectives paper tyari. Mar 11, 2017 the banking regulation act, 19493 act no. It was passed in 1949 to consolidate and amend the laws relating to banking companies. Contains all enforced central and state acts linked with subordinate data like rules,regulations,notifications,orders,circulars,ordinances,statutes. India banking regulation act 1949 current affairs today. Aug 26, 2011 provisions of the banking regulation act, 1949 are not in substitution of other laws applicable, unless otherwise expressly said section 2 sub 56 b act is not applicable to 1 primary agricultural society 2 cooperative land mortgage bank 3 any other cooperative society except as provided by sec. Jun 15, 2018 banking regulation act 1949 amendment 2017.
Short title, extent and commencement 1 this act may be called the banking 2regulation act, 1949. On the suggestions of narsimhan committee, the banking regulation act was amended in 1993 and thus the gates for the new private sector banks were opened. In this file you may find very simple hand written notes for banking regulation act 1949. The act vested in the reserve bank the responsibility relating to licensing of banks, branch expansion, liquidity of their assets, management and. In this video we have discussed banking regulation act 1949 in hindi helpful in various banking examination ibps,rbi sbi etc if found our. The act was initially known as banking companies act, 1949. Mar 19, 2019 download banking regulation act 1949 in pdf format. To acquire specialized knowledge of law and practice relating to banking detailed contents. Full text containing the act, banking regulation act, 1949, with all the sections, schedules, short title, enactment date, and footnotes. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks. Banking regulation act 1949 schedule iii citation 38791. Download banking regulation act 1949 file in pdf format. An act to consolidate and amend the law relating to banking 2. The banking regulation act, 1949 as modified upto january 7, 20 contents part i preliminary section 1 short title, extent and commencement section 2 application of other laws not barred section 3 act to apply to cooperative societies in certain cases section 4 power to suspend operation of act section 5 interpretation.
The banking regulation act, 1949 was passed by the parliament in the year 1949 with the aim to regulate all banks along with consolidating and amending the banking laws in india. So if you want to clear jaiib exam then from that point of view banking regulation act is very important. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. Banking regulation act, 1949 bare acts law library advocatekhoj. Banking regulation act 1949 loans securities finance. Latest current affairs in april, 2020 about india banking regulation act 1949. 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. Important sections in banking regulation act 1949 aspirants. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. 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. An act further to amend the banking regulation act, 1949. Crisp news summaries and articles on current events about india banking regulation act 1949 for ibps, banking, upsc, civil services. Banking regulation act, 1949 bare acts law library. Download fulltext pdf download fulltext pdf download fulltext pdf download fulltext pdf download fulltext pdf.
The act was changed to banking regulation act, 1949 from 1 st march, 1966. The banking regulation act, 1949 came into force on march 16, 1949. Banking regulation act 1949 16 th march 1949 ramees k abdul aziz roll no. Provisions of rbi act 1935, banking regulation act 1949, prevention of money laundering act, 2002. The industrial disputes banking and insurance companies act. Download banking regulation act 1949 by panel of experts pdf. The banking regulation act is a central legislation enacted on march 10, 1949 and came into effect on march 16, 1949 when the government of india publicized in the gazette of india for the purpose of altering and uniting the legal documents on banking. The following are the major steps taken by the government of india to regulate banking institutions in the country. This penalty of rs 50 lakh was imposed by the rbi on the bank under various sections of the banking regulation act, 1949. Chapter 1 addresses the question of why banks are regulated in order to establish the basic purposes, rationale, and goals for banking regulation, and to provide a framework for evaluating bank regulations. Act to apply to cooperative societies in certain cases.
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