Banking Regulation Act
Banking Regulation Act
IV · Section 49C

Alteration of memorandum of a banking company

Synced on 07 Jul 2026Text as per India Code

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.]

Judgments on Section 49C