11. Registration of new banking companies
The Corporation shall register every new banking company as an insured bank as soon as may be after it is granted a licence under section 22 of the [Banking Regulation Act, 1949 (10 of 1949)], ***
Amendment notes (2)
- Subs w.e.f. 1-7-1971 . Subs. by s. 2, ibid., for "the Banking Companies Act, 1949" (w.e.f. 1-7-1971).
- omitted w.e.f. 15-2-1984 . The words and figures ", or, as the case may be, after it is notified under section 51 of the said Act" omitted by Act 1 of 1984, s. 59 (w.e.f. 15-2-1984).