Part IV — MISCELLANEOUS

Section 49CAlteration of memorandum of a banking company

Section 49C: Alteration of memorandum of a banking company

49C. Alteration of memorandum of a banking company

[49C. Alteration of memorandum of a banking company.—Notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), no application for the confirmation of the alteration of the memorandum of a banking company shall be maintainable unless the Reserve Bank certifies that there is no objection to such alteration.]

Amendment notes (1)
  1. Ins w.e.f. 1-10-1959 . Ins. by Act 33 of 1959, s. 35 (w.e.f. 1-10-1959).