The Banking Regulation Act

Penaltie

Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code

Cognizance of offences

Power of Reserve Bank to impose penalt

Application of fines

Special provisions for private banking companies

Restriction on acceptance of deposits withdrawable by cheque

Change of name by a banking company

Alteration of memorandum of a banking company

Certain claims for compensation barre

Application of certain provisions to the State Bank of India and other notified banks

Power of Central Government to make rules

Power to exempt in certain cases

Protection of action taken under Act

Amendment of Act 2 of 1934

Power to remove difficultie


MISCELLANEOUS


1[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.]

LAWGIST

# 49C Alteration of memorandum of a banking company