Download banking regulation act 1949 in pdf format. Banking regulation act 1949 schedule iii citation 38791. Jun 15, 2018 banking regulation act 1949 amendment 2017. The act was initially known as banking companies act, 1949. Power to suspend operation of act is a part of banking regulation act, 1949. Provisions of rbi act 1935, banking regulation act 1949, prevention of. Download fulltext pdf download fulltext pdf download fulltext pdf download fulltext pdf download fulltext pdf. Crisp news summaries and articles on current events about india banking regulation act 1949 for ibps, banking, upsc, civil services. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.
So if you want to clear jaiib exam then from that point of view banking regulation act is very important. Download banking regulation act 1949 by panel of experts pdf. 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. It contained various aspects related to banking in india. Act to apply to cooperative societies in certain cases 4. The banking regulation act 1949 contains various provisions governing the commercial banks in india. Ca final banking regulation act 1949 hand written notes in pdf format. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. Start this article has been rated as startclass on the projects quality scale. Banking companies legal practitioners clients account act, 1949 banking regulation companies rules, 1949 banking companies acquisition and transfer of undertaking act, 1969.
Employees provident fund and miscellaneous provisions act. Act to apply to cooperative societies in certain cases. Short title, extent and commencement 1 this act may be called the banking 2regulation act, 1949. Whereas it is expedient to consolidate and amend the law relating to banking 2. Here we have listed the acts related to banking sector. This penalty of rs 50 lakh was imposed by the rbi on the bank under various sections of the banking regulation act, 1949. Pdf banking sector in india power point presentation. 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. 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 is a legislation in india that regulates all banking firms in india. The following are the major steps taken by the government of india to regulate banking institutions in the country. The banking regulation act 1949 extends to the entire nation. Liability in chit frail transaction whether saved by the provisions of sec. Be it enacted by parliament in the sixtyeighth year of the republic of india as. 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. 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. Provided that any banking company which is on the date of the commencement of this. W an act to consolida e and amend the law rel ting to banking 2.
Banking regulation act, 1949 bare acts law library advocatekhoj. Important sections in banking regulation act 1949 aspirants. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. The banking regulation amendment bill, 2017 was introduced in lok sabha by the minister of finance, mr. Banking regulation act 1949 and important sections pdf.
The act vested in the reserve bank the responsibility relating to licensing of banks, branch expansion, liquidity of their assets, management and. Get the banking regulation act 1949 microsoft store. Download banking regulation act 1949 by panel of experts. It was passed in 1949 to consolidate and amend the laws relating to banking companies. Banking regulation act most important sections br, act 1949.
The industrial disputes banking and insurance companies act. Banking regulation act 1949 16 th march 1949 ramees k abdul aziz roll no. Use of words bank, banker, banking or banking company 8. A s per section 5b of the banking regulation act 1949, banking means the accepting, for the purpose of lending or investment. Download this app from microsoft store for windows 10 mobile, windows phone 8. Banking regulation act 1949 objectives paper tyari. 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. An act to consolidate and amend the law relating to banking 2. An act to consolidate and amend the law relating to banking 1. Download banking regulation act 1949 file in pdf format. 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.
The banking regulation act, 1949 reserve bank of india. India banking regulation act 1949 current affairs today. The act was changed to banking regulation act, 1949 from 1 st march, 1966. Latest current affairs in april, 2020 about india banking regulation act 1949. Download free sample and get upto 75% off on mrprental.
Penalties prescribed under the banking regulation act, 1949. 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. Mar 11, 2017 the banking regulation act, 19493 act no. 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. Banking regulation act, 1949 free download as powerpoint presentation. Provisions of the banking regulation act, 1949 are not in substitution of. Form and business in which banking companies may engage. The banking regulation act, 1949 came into force on march 16, 1949.
Banking regulation act 1949 loans securities finance. In this video we have discussed banking regulation act 1949 in hindi helpful in various banking examination ibps,rbi sbi etc if found our. Provisions of rbi act 1935, banking regulation act 1949, prevention of money laundering act, 2002. 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. To acquire specialized knowledge of law and practice relating to banking detailed contents. Mar 19, 2019 download banking regulation act 1949 in pdf format. It regulates and supervises the functioning of the commercial banks in india. Ca final banking regulation act 1949 hand written notes in pdf. 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. 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. The banking regulation amendment bill, 2017 prsindia. 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. 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.
Aug 27, 2019 the banking regulation act 1949 contains various provisions governing the commercial banks in india. Buy banking regulation act 1949 by panel of experts pdf online from faculty notes. In this file you may find very simple hand written notes for banking regulation act 1949. An act to consolidate and amend the law relating to banking. An act further to amend the banking regulation act, 1949. Banking regulation act 1949 and important sections pdf download. 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. 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. Full text containing the act, banking regulation act, 1949, with all the sections, schedules, short title, enactment date, and footnotes.
1506 1133 689 1412 676 789 1518 450 1128 1424 749 1211 341 365 15 150 512 1230 1362 263 1034 481 672 1222 538 515 1111 1055 123 1465 534 121 289 1465 1312 1092 1258 118 1206 1457 1135 1353