# 49 Special provisions for private banking companies
The exemptions, whether express or implied, in favour of a private company in 1[sections 90, 165, 182, 204 and 255, clauses (a) and (b) of sub-section (1) of section 293 and sections 300, 388A and 416 of the Companies Act, 1956 (1 of 1956)], shall not operate in favour of a private company which is a banking company.
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1 . The words, figures and letters "sections 17, 77, 83B, 86H, 91B and 91D and sub-section <i>(5)</i> of section 144 of the Indian Companies Act, 1913 (7 of 1913)" have successively been amended by Act 95 of 1956, s. 11, Act 33 of 1959, s. 34 and Act 55 of 1963, s. 27 to read as above.
MISCELLANEOUS
46A
Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code47
Cognizance of offences47A
Power of Reserve Bank to impose penalt48
Application of fines49A
Restriction on acceptance of deposits withdrawable by cheque49B
Change of name by a banking company49C
Alteration of memorandum of a banking company
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