UNIT 2

Bonkm Rgulatiou Act,1944

and Peasos

-alaling to bonl m companie

Te preuent the abusx pootv by a e persons p wWve coyltot
ceclain bans
3 To sotequand lle ateuot of dupontos
To cateu o tue ecoMOwue nid Of tww touutay
-

witm e
Scope of ltu qw latiow all inatituti ous ohcu Aeceive
ou du avd fo' udug or iwwat wmunt
deuand

3. Rahiatung et tiadimy wittu a vieu to dininat wou

4 Pucui ption et wm. captal otaudand
5.
kmm tte payueut ot di widends.
Presei plion e a
thin banelus
ruaipti on a npeci al fqom of balane ahut &tontuing t
pouers on te RBI to call to piodical etuns
bamle RBI

fue C6 to ta: atuon banles couductu

manuus diti uutal to the mteusts of tue dupomtons
ua
te RBt mto cloye touch wì h bonling
tompames
!. Peoi non o am mpedl ous roeduue for liqui dati ou
 Bunging u wequial
(
wpid
Bil

13.
adof
begulalou tu ocquiution ct
|4

Compamu (hmwduut ) Drdmane 1a:

l450
Banbm
wcovpov
mcopov ale
al spc al paov for jouutotiq uck oalgmwab so
a To Co.
banlew
b. to
baales ie fougw compams. cowntuu.
prouude a meaing to lu ten ' a t a mdua or he
c to

Aendwent w 1453
2

Kwee hqudali on of banles was ntill grvd y

te mdian Compamis tet, 1913
b. ToTo bzing it undu tle Bandenq Reguiatiow Ait
3. Awemdment w l456
a. To clucle the
Ou a couiidu atiou ct al clev aut faciers
b. To
a indiidual a ar hols appicab ie to beines kici are
cupeuwir lie RBI
hew exewmpt tou sucla nstucievs aud to vstücted
baso t
to direct the clectovs ot tsh dicctors ou ilu

divector af
|hollrk appoimt went as diveefor ot oue oho s a
ou to. wohicle tog ethee cam exercise votq iglh5
tog ethau
20/. of voing sitat in a bameng lo.
 d to eable tuu RBI t pbtam stalenent Ove te
Of a banle
e. to mable tue RBI to qive diucios uiatio t0 poluey and
ad winist tatiow alfugtu
te puldie wbenot wnd penati
! to tnable R81 to appo wt au
aw ebeve jo Couductng
4fains ef te Co.
4 Anen dm eut m
m 20 13

a
To adopt to le bust intenaional pacti ce
b enable aluouasd banes to wowase ov dlenease tu aute
capital uilte agpoval of clh RBI wfo being tinited
max. ot 3000 vorcs.

Raise te cellnq ou vobny iats of ahouldson naliovalyd

bls frtm I7. to io
d
Mmdatony to chain pien appeval frou Rsl fo tow who pepou
to
ohau capital aot a Co.
Coutu te RBI ite powers to wuçor coudlti o ohile
pova to aquinitibws of 5l. on wMove ohane capital of'a
lomlem co.
5
Awendnt n 2010
ubot tution ofS.3 of BR Act
b. Awmdment ot S 45 - Pown of RB| to apply to Tw C4 for
eo.

C. Awend ment op s 56 - to appy to coopualive socidas

to moditi ato,
 SECTION 1 Suat titu, exteut Commcemiut
SECTION 2 Appieabio
SECTION 3
Ad not to tu cutou Co-opuat ve loa 'e

o) apoi imag gicutual wdit ou eli

b)6) aa co-opesai ve soci ety when pimasy olject 4 peenu pal
lounes in prouidine o long ten fuame for agiultuai
duvdo puuut
SECTION 4
Powe to ouspend opuatiow of hct
2.

wibm- xcAse powu of cq- nupenel 3o days

8. Total piod eanwuct exced y.
SECTION 5 Detuutos
Bwnwess of Banewng Co pamu
SECTION G- Foms of louimess w voue banlma Co.
e
Bovouwg kaisin, lunding or advaming nonuy mla or uo seuad,
tue lame
3. Coutaactun for puklie and put. loamu umwmg te
4

out auy ue, public | put. of ofat or

5.

1.
ocquiring
wiell
tudu taling oud exutiug tust.
4. vndutaling tue adiniotiatiou of eotales as executo, tiustee o
olhuwse
 assocalious,
Jo Suppont
tust.qantng
e iotabioment c
punsics And alicwaMCs aand wwtituiow
towaids wuauce,? to ny caade
Pgeuts

Acquoitiou, Couateuetion, waimiuane ,altuatou ef anu.

12

12 Acquig and wmdut aling tue wholu oo ouy paut of tae

that ave woidutal or comducwe th .
(4 Domq all uch tiunq) tinat
adu auceunt of lowmss cf u Co.
I5 Ay cta fom ouisnes uich tu Cutal govt. may lbe
hcujueaticn wlch it iu alawfu
fo a banin to to ngag
Mahalaxwi Bane v ligsha of CowpamUs cI961)
esen
sG staliA tuat puWA bKible busmes ot a bave, if o
wuindupoit
fial ceauatiatics le veeive tom puoli upayade ou duuand
met
abent, wuuy grandin loans n tainid it will
bamlny Co.

SECTION 1- Ue of Won da ' bane, 'banle, bankin or

SECTION & rcation ot [Featuru]
banlm lo olall donly ndondy
SECTON 4- Diuporal non bamleng aseta
bamlw o Can held auy a. excupt tuch as is uqud fo
SECTION /0

SECTION (0A Boad of divectos tu ucud

otu expeutiie (51/)

SECTION (0 B
-
Boxwlng Co to be waMaged by uwlole uwe lai nnan
SECTION l0B8 -

agimg dnci l4a banlng

Co.

ppomt person
xuappoutmunt Pay (Pou tue lo - vemoual ony y RBI
SECTION I0 C Cuaiman cetan diretors mat to be equi ved to
hold quali fi eati ou ahns.
SECTION 10D Puov ot se lo A, (0B E (0BB to oueride au o te
lauss, ont lacto ete
SECTION - eaurment as to n
paua up capital aud swes
(Featuves)
Clause 2 - otatus tuat o bauk wl muai or cauy on bunnis m ndha
cKCept &f it lus hiaat sttlud up copital and
paywuat
eapital
baueing Co inorporatd oulace wda - total vau ef paid up
Move than I5 alkhs
Caletta ere ttan 20 k s
Plare ot owomens w bow lbay

n mdia - total value ot paid up capital

tulum to iwcorpor atd
ales
more than 5
more ttan 0 lakiu
Boubay (calutta -
SECTIO N12
Cquat on o paid up capital, ubscibed rapi lal 4
diqwo ohaehotdis.
au thonnd capi lal e vokin
No
any otai of dia wnley
The ubsoi bed capital af tue Co. in not us thau all of itb auttuonid
 lkss (hn
Capital y lue paid up cap tal lo mct
ayitud.
2
nhaus
operate as a duqualfiaton

ANim au liited to ( he total ango au the ahauhodo..

dhall bu maitamid
No nut/pocerdwqs olall aguut y gotud
uat tu tite to he saud
puson olutana od.
shave vest a

tuat te uqis tud hodu holds ue ohan

luuatie
claly c te winor or
SECTION 12 A - Euctiou o wew dieckors

Teww - as sae as medcCAer.

SECTION (28 -

SECTION I3- REot uciou Dn CoMwimion, lnoleag, dinauut ete ou

aleu ot altaus

Tue resut rov. altn te efeet compamiu act uolicle prouidu

as aw as bonlm Co. in concemed
 CTION l4
- on Uupaud apilal
SE
based ou te pinaple hat al ndutors o te boubng o haoutd
ualid(o
aneto whuch aould not b
paulicipate o futne

-
SECTION (4 A
camnet leu cuated m luss cute ficol w wnbmg
RBI
ot
uwst wet be detintal to te nteala of We dupontor
is mvalid
uated ofo pproval of euthcatz
baue apmoval or vefusal
wituin qo days rou dat f refual
appeal to (4
punal.
" Deision of Ca
SECTION I5 - Deoteuction as to payment at dudndtios wntil
bane wl daseaa deli vee amy diuidnd ou lo pos
mo
oon ( ouwmtn pinu conls, auociatiow coaf,
al s capital ete)Lawe aeen diseDnted.
sbanu cat sllng comiion'
SECTION l6 - Proili ion o Comou Dinectors
oe oamlem Co ohall
. No ettaa divecto uoho is a diretor of my 0.
be made e director of anottu banlm4
3 direetos who awe dineetors O} compamies Ove
Not we ttan OF 207. o ue total
eutitled to exerse m exces
lo.
votx bigts of at te ahane tidldu o banng
SE CTION P - leeve fmd

Before declauatiou o duidud

Tnanse to RF a mm tquwalnt l5 uot wss fuan 20 of profit.
CqCo ou rcom wndabon eei- declan t may not apply to a bamewn
wittu ovd
No ordu nhall lae made mles - REt 9hne pnemium is not< paid upCo
capi tal of
 upeof tuu aue to RB!
hall mtn 21 days

a scleduld banl shal wamutami

Fuay iauling o nel ling
ldia o a

y ny
ing tue above
A Su iqui valet te ouch peCE ut e the total olewad e t
prcadang fotingut
SEC TION 19- est ütticns ou natwe of Susiciauy ompoics
3ECTION 20- ltictiou ou Loams Advanes
wto ny cemnatmt foom
Lan uud ewed t
t cinectos

7
mdiudual dure ttor nds as
SECTION 20[A) - Eeotuctics G poie b lemt
Delsto.
SE(TICN 21 - Powi ot RBI to coutol a & Advamces
R81 gUve dizectons t banleng o as to -

k be wamtained can ct secuud adwMus

ite.
to tu
 SEC1ION22

lucesm of (oigu bonles

mqmated wi te te demad for eOmnndd
and was also
by
bu the bndian
limess ww nda
dony
Ceutial Banliny Counitte wwaiwly wite coy ect ct pclulteng tu
tCrtes wiucl din eç nuatecl
.tHl e! banles stated
tated e mda
oanes
icee e81 to be satisfied Pruut
pontou to pay s futue
conpany full as Weu clam aMe.
dipositors
TMat the affas of tlu Co. ave
met ikey to be
tnduct ed m a mannn dtiimiutal to the mterios c to present

3.
tnat te geal caactu ot tuu prcpced mgt. of the Co will
vat be preyucliial the pulsic nteust or u intuot cf us
dipontors
+ tuat te Co han adeguatz apital stuct ue Ecawng
6 tuat te pubhe tvst wilu be sewecd by We qrant of a
icvse to tue Co to louness mmda.
6tuat baung cgaud to the bameny facilies availasle in the
proposd puincpal Ma af opuati ovu ot e Co, te poteutual
aea E otuu aelwOt {actes te

Cois. okent vitle monuta Manilly and coucmie gecw tü.

ny otluu couditiow, e fulfilmut of wiclo would ne the
cessay to eue tteat tle cauting cu
qte bauiny ousines in mdia by the Coupany wlnct
be poejudicial to tee Pubie inteut o te mtuoti of e
dupotor.
 fo lo mYpo ated outridu hda Cadetioual
publae wt ut
2 Gout law c te toumy
does nct dncimiw att m

SECTION 2t- Restuctious on

2 Pubic wl enest wl e suved.

3 financi al couditiou &uo tony of the
baalny o.
lhda (oe Co. lpovatcd m lwdi)

SECTION 24 -
MaButoy iqudai latio
>t AScheduld bae apaut fow avvage day balamce in
Mataw w adcutiou t can eselve
Tue value e wlich ohat! wot be ythau 40/.o 1ue total duuaud
aud ie iab a Du tu last

A
day diautt atact a pnal ntoust of 3/. aoove lte baule
Aat'at wicu tue ant actually wananed tatls ohozt by tue
preseibed Mn ant. n tat
OcCws gam plnal ntot meeased to s/.
poalty paud witln ly days fpou dat of totue af wotie qon
fouwu to do so, tue Cmt'eut olicle lhas uisdiction mte
Co shall e a dirccttou
applicabon fld 'ay ke|.
> Peual wkust may be waived ot oy the
apication wumg gwn ay The banle
 SECTION 26 - letuuu oof Uuclai wud Deponls
30 day whs clox ct eock caludau year ubnit
o- 30
bavleung prescibed torwm wawn to
Rs!
eh bawe not ben Opuat ed for teu
al al 4fes wu
education &
riON 26 A - Extabinhmet ef Dpon tor
Awawenes hnd. (UHu3e mony uived ols 26)

nituems amd poun 6 cal for olu efuns

SE CTION
24 -
Moutay
aud iuforwatiou.
close of bouth ab ut to RBI wpresubed fomm
banle befove
letuu oowng ank &liab nda
" R8 at t e caw anle bmhs to fuw o hm

. RRB ohould
ubut a to Natioual Banle along mti
SECTION 28 - Powu to pubu mto.
"RB1/ NB tey comidu it w the pulsie nteust
a wifo ootawmed by te vlu tus At mauel coou dated
fo as
Cuedil

SECTION 24 - Accai 6 Balac net

"frouids tlee natu, fomat timelin mwich a Co

Co . awe dlavou w

O the 6vd sehedule of Be Aet, 1944.

 SECTION 30 - Audit

to la auuted by a peuson duly

Ajcs nuquivcd
atd vndu CA Act 1444

quli f ed wndu tle tau'o that ceunty ndia.

SECTION 31- Subwuson Ot Petus

Afes Bal 9het to lee fuminhd

2

5 Puiod cau lee ex temdd by RBI or 3 moutus

A RRB olhall tuuwige to National Banle

SE CTION 32 - (opes ot bal nhetb GAu to be seut to

8ECTION 33- Din piay of andited bal. ohut by lo out nde da

stCTICN 34 A- Pcduch'on at does ot contidntial nalne

Bande wn
YUwes not ahew as uch m ito pubigud bal ohu

wade to bad 4doubttul dlats othn wnal e neCe

Te
fwal bndng on tue pauiea
All mda Baue Cmpleyees Aouati ou v. Natioual mdus teial Tikunal
Bom bay ( 1462)
Sec 34 A4 does uot vioalz any FR uwdu Aet 19c)Cc).
SECTION 35 -
apdion

SECTION 35 A di veci os
pulalhe intst
, lut tuot of amlemg polu cy
atfas of tle banleing Co. from biny tovducted
peyudiial to the miteust of tue linkin Co.
te propee wgt. ef a bnling Co.

cccnON 35 AA - Poweu of cG to uongeCo ueto mmi

SE P hati .
divect'os to

sE CTION 35 AB- Powu ot RBI to wsu divectious m espect et

Shessed asets
RBI may apont acounitel autinonl ti cduia onylnbanq o
ou the noouti ou ot ateesed aseto.

sECTLON 35 B- Awendents of luiniens ulatny to appot nants

di etos ete to be to

AU Appount wwus, tumination, wnwatiew et. net we

efect wwtil appovcd bay
SECTION 36- Fuehu pewu e tuw of Bl

aduice
auit as mdu wmediauy o otteuuise iw Proposa
3
give astatona loy
4. tuqure bomlein Co to atl
all aa wekuy I dupula
b cftiuu to wa tek le wuetin
twat iw public m
tust| inteuot o} bamlng poicy | for prevnlng
 dilu wusat al to wteou of bnning o|drponto»
(Sce 36 AA -
36
ACA)
SECTION 36 AD - Puuialuuto for cuta actii tiu

No puson nhall -
clation to
fom
lo.
ald witun the ofe amy demmonsteatious woieh in
revut nevmal ounmess.
act w a amu to wdene e coidene of e deportot

Yenala - wupiroumnt for G monlt

SECTION 36 AE -
weutaw cas
RBI tuat

2 mannw detiimental to tue utest ok

4
For laetteu prov ot cedt ga
Cse otice
Oppomted day -oeli omd ias,umdutalein ot acquid bonle
trfued &vuted witu C6.
 tue ascto e hab t a tramsfu bome
tnf

ected shal
not abat &ohall not be do coutiu
Cssding muit, appeal ete a l
Powu ot t u CG o malu nhee
SECTION 36 AF -

SECTION 36 AG Compms ati on to ee loe

lbe givn to ohubelden
banle
ttu dcquired
$ECTION 36
AH - Couutt tttion e! tu Tu bmal
lo mcutam

Judge ot Hcsc CPrest | Fowmu)

2 membus empuine
Ipeson wilun meawn ot cA Act 1949
ECTION 36 Al Temal to we Powes ot iil Cenls
amd wtoriung te atudame af ouy puson 4

and preductiou of doca

Ta. dotoy aftdautts
3.
uitesMesldoy
4 tssuwm cewmisi ons for tie exaiw atiow of
SECTION 36 AJ - Poedue at the Tei bunal
procedue
also
PLoeclings al ae uld m
cmua
3. cuieal 'euor cone eted loy Teinal eitu ou ito oo
 SECTION 3? -
wlucla
HC O opplicatiou e tle bamen o ordu
tiporauy wet ito obligation male au
topy to RBI amd
kndn tuacommmUemt
udong or Cetiuama ates

penitug aqawat te
tu Co tor a peeuod of tue ou uca te
4couditiovs it tumls ht
b extuded out mt more tWm a puiod o!
b mon u.
apgi calion wawtaiw abe wiles acco mpami td by a eont

4 No repont - HC cal tor vepert hom PBI

HC
oppoint a opeuial ctieu- tale into cuatody atall he ase
iab. exevciae powers as HC
RBI satisfied - couduct of banlmg o w manu detimutal
to inknest of dupositors, wale aw to He fr windgy
4. HC abal mct wale amy odu extuudmg tie peiodl for whid
tte wmwnuent e bentimone ct al atious and proedg
tu Co. were
9yed ondu than mb seetron

lo ha a

Procedne accordun tõ BR Act (449

way to wmd up a bamlen Co (ke 3e - t4)
Wincing up by te HC
 tu HC
meutioved UMcu thwe sectos deote te He exevei my
HC
uu sdctiou wwt e plae waue tu tugistuud otfu of lu lanseng
ow wich Ceut all ovdu wndmy up -
Co. s wwable to pay ils debli
2
RBI applies fen windi up of nuc Co wndu ae 39 of Aek
wwdmg upup oto a banlny lo t t in diucted
for woinding
-» apli catiow made fon
ordle us '35 (4)(b)
so to do bH
3) > Geom
da
Co

t. lao tai lud to eomply

2 e dis
Has be eoe tited to cay eu buins in hndin us 22

l934
us 35 (4) (a) | 42 (3A) (6) ot RBI Aet
ottun uauismut ef tle
hawm coutravned my prov.ot Act as centiud me
PB|.
coutavention
bayend picd ypeaiticd by
Compomise |auanguut oameti ond by a cut concnn
te o Caunot be satio fed wita/wfo modift caious
to RBI diocle tat it
t is mable to pay ds dibt.
3
Co. is prejudi eial to tu wmieuots

’ lout iqu dator oHiial iqui doate

"A couut iquidator
quidator woappouatedl by tee Coy and attaclud 6 wey
He us 33 A ot the Ac
 toweva uls 39 tu RBI aplia to the
Cout, tuL
agpointed as "tu ficial liqudatos
fuw of cfiual iquidaton
I Coict amd tae mto lws buatody
2 ubmut a peliwminay upot to the Cout
3. Conduct te

SECTION 40 - Stay cf hecce dis

-

HC onall mot mae the

w Alation,
o. wnless it in naasid teat au

claims acoue.
dpoitos mtull as te

SETION 41 - Puel
Ol wust mbwit a PR to (out wiu 2 montlu trou the dat

Tue ALpert mwat ontain ttu tollew wg

Te o ot ets ot tue coueemd banlemy Co. (w casu) och u
mdu ttu ustody et tu liqudator on tae dati ot upot usmi
2 Tue wo o aweks ot tue coued bamlemg Co. tatin
be eolleeted (wcan) betore tue upuy d te Saiad 2 wonths
3 Tuus upont 5 eeded to etimati te awels tthat can be ucd
to ma Cos
yweus amd du chge
lias to tnu duperitr Credtes
SECTION 41 A- Noia to pre ferential claimaus ecd 1
mse wed cveditos
Tue oL wst eee a notiu it i I5 0ys tro the dat ow
oich te winding up ordu n mad
 eim0N 42- owa o aopuse wtu mee mgs of evede tort cte
aL way
HC
eudi tos Cout ulbutonu, if t owidu tuat no
youud tucby atfici ut to juotfy tue delay aud cnpee
SECTION 43 - Boolued Depou tors eredita to be demed proved
evy depn ton nhall ee deedto hwe fEled hs claun fo
mt ouoow wte bools of banem Co. as
to s wedit
HC shalU po esume hueh cams to uwe beew poved, mes te
ofi cial iqu dator nhews that tue in vanon for doubtg
ta covvetves.
SECTION 43 A - bhetueal Pay wmento to Pepon
Pepontors
Pctuential caimamt to wuom meteu was eewed uls 4I A
lnad napon ded mitm I mouth from o seue il
piont for pret ential
Atn tat witwm 3 wmonia
tor n te sowngs bade afe 250/ balane at is lo
2duponito af banlew Co a50 balame at is t
w prionly to all otu debto to eut of te m
amma asets
Credites.
bwing o awailalsu for paymeut to

SETON 44 - Co.
" t otaus tuat a
a wittui acti fiatiow ntatiug'tu lo. can pay tt
a wit wcut'iatiow by 2BI wuot accowpny any
Co. to tue Caut fr s

The Couut haste powew to encle te vouutauy wind up to contime

on itb nupeviaion
 ct
Caust tu
bamliny
oluutay wsmding
ut ttu windng up Caunet talu pae jo kaving any
ttat
dttimental efft ou the dupeiters.
SECTION 44 A -

Seheme tu tus et tiu

te va

A
Adinsentng slodn in intited tu veeive the valu et
nlme asmay
may lbe dtumned ay PBI.
he ditu
3
Te RBI us to Sameti ktu ocewe attu tu mamhalds
approva.
to tu aquig bene.
5
Tue RBI in tuthe ewpewed tÙ erd tat the 1 bowden
deud be dusolved ou a peified daa.

Co. and uditos

SECTION 45
O unis loy a banina
(Lostuution) oamalga watiou.
 CPat lI| A)
SECTION 45A Paut iA to ovwid otu laws
scctiau otatu ttuat tu prov of tws paut will hawe vee-
Tuio
dina efet ovw otw lams mat witu otomdiny my Hng
CrC.
EcTION t45 B Poww of Hc to duude all caumw wittu upt

SECTION 45 C

- wi tum 3 mouths tutte time He allowr

- lbit a

2. Ou vupt - HC onw Cas -

to Kt s 45 U
3 wolyapPly to cse
SECTION 45 D- setttwwt ot ttu bt ot Delo tos
Auy orduw passed Undw t seeaee - exeutalse deevee
Sec
2. nat to a
liquidator to veovu dlebt duu to te bamlwmy Co.
SECION 45 E- Pov. to wmale call ew Cotiutiom.
Owuy puow halse to coutubult to tu aseli et a Co. mte

HC w pawu to diuek wtibutos to wale pey e t

of te Bauling Co to be euidmce
SECTLON 45 f - Does to of
AU tutuis coidud as prima façe eideMce.
SE CTION 45 G- Public examiwyation ot directos and aci tors
FeTION 45 H- peial Prov ter asng damag agaoor o
Set wnt dirctors ete.
HC ovdu
4 rotore money mes provw - mot iabe
 SECTION 451- Duty ot tu direcos 4 ofteeu o tae lot
o to asiat w te eaiati on

to bamlmg Cowp bowy wound up

SECTION 45 L- Publir xamwation ot durectors ad audi'tn
Undu aa hme
wipet of a banng Co Undu

SECTON 45 M- Speial p»ov for banlem o. wonleg undu seu

Of amangement at tte caumncemuut e tue
t schum
Awindunt Act.
HC way t it tunlea tt
out te prov of tu cowg»oun

a. alow ttu banleng lo. to cttte is list of debtos nacord

SECTION 45 N- Appcal

SECTION 450 - Special Peiod o initatiou

SECTION 45 P- RBI to tndu adie w
SECTION 45 Q- Powu to wpeet
RBI direttou ot cG| He - oootes of A f e g
veport loy RBI-
RBI CG HC
CG sees

uc pas diniou atu gw ng eti to pauta n

SECTION 45 R- Powu to catl for letus E mto.H
SFCTiON 45 S iet peidny Maqi tat, Magio oate &DM to
OL ww talig chage ot popaty of bailuy to woindng
 T-
SECTION 45
Poustvs e He to mau iules
SECTION 45 U

koteum ees to duretos ete nhall ao Cousteud

reuON 45V
woludmy paot dinctom cte
CTION 45
ot toto agply to bamlung
- Paet l (S- 6- 36A) mot
SE
Co bey womd up
SECTION 45 X- Yaidation o cutam
sECTION 45 Y- owu of Gto malu uls tr presevati ou cf
veorcu
B6 SECTION 45 TA - NowinatiOn for pay ment ot dzpon ton s
sECTION 45 Z8- Notice of etaims to otheu pevsOns ragaudung dzpoa
not veui vabe.
SE CTION 46 - Penalties
ut
statwwmt ot booles ot fu bal
- lCvore
mjnnoummt
25lehs - 50lkhs
’ faed to podue lboou ot Afe - kasup Fe
Fe 2 a51
ordu us 34(4) (a)
’ dupoidh teceived aganat cnasle-
divctor'pum able twia amt depeniled
’ detult
touplane
twie awt volwed mdeault
ECTUON 49 A-
ECTION 48 - Applatatiou of funes
SECTION 44
Ypeial prov Por put. ban buy Co

aloe
2BI SBI ottur bame |(G vecowme ndati on
RBI]
allowed to accept.
SECTION 44 B by loakiny o
(4 on catifcalion w wnitng by p8|.c ue euyect on.
 amn et a
$ECTION 44 - Atuauou ct mew or

SEC TION 5|A - e.s &lot

Powers RBI not to apply t mtunaioonal
fuuanial Suuis utre
Powu ot (6 to nalu Rule.
SECTION 52 -
At te
SE CTION 56- Acd t apply to Co opualwe oueh a
t meditcatiou
" Act does not
not agply to -
) al
guutual (pimauy) oredit souetis
2) al vou
agucultual paimay vedit co- opuative ouches
oucklu
(paid up apBtal and Yuuve'< | aleh)
3) wwu fu anual ulp is p»oui ded to membus E do not
oeporls fom non - membs. ocept
t) au 0- OpUatz Soutiu
opuat souku not auyiny on bamlemg oumn
Mw paid up capital 1 Aau
lakl
No oreation ot Hoawwy twgu wness cutfied by R81 w
watmy
Co- opuave bane mel beny a tatata Co-opeutüwe bane for the
tune lemy neluded in 2nd scheduls eBI Aet is Scheduad
Dtate lo-opuatwe banle
have t manam cep

1)
Advamkgs
aw wwage tuat tiey ane at pau mtu otheu comneial lbanes
awal veBuwawm faeill oinety fom RB, ID8,
bantes
2) uchSIDBI chn
et. elaitable Test.
3) rdigioun 4
occept diponsfom ocal bdies gout ong pimauy
4) tu thequs oed (ds uwn on Scheduled Co- op. banle
acapted by public sector
wndu toling