Authorized Bank definition

Authorized Bank means a bank including a co-operative bank (other than an authorized dealer) authorized by the Reserve Bank to maintain an account of a person resident outside India.

Authorized Bank means a bank or a branch of a bank authorised by the appropriate Government to collect the tax or any other amount payable to the appropriate government under this Act;

Authorized Bank means a specified bank licensed by the Bank under section 33B;

Examples of Authorized Bank in a sentence

• Nationalized Authorized Bank / Schedule Bank in the name of University Engineer, Works Division Dr. PDKV Akola from the date of issue/receipt of tender.

• Instead he agrees to notify Directa through its Trading Site of any transaction to be executed in his account by the Authorized Bank.

• The Customer agrees not to withdraw on his own account cash or financial instruments from the account held by the Authorized Bank.

• In the event the Members determine that a Campus Crest Triggering Event has not occurred, then Campus Crest shall have the right to reinstate the authority of the Campus Crest Authorized Bank Account Signatory with respect to the applicable bank or financial accounts.

• The Customer acknowledges and agrees that Directa has the power to withdraw all the assets or financial instruments from the Customer’s Authorized Bank Account as needed to carry out Di- recta’s services pursuant to this agreement and to execute the Customer’s orders as per the Customer’s instructions to Directa.

More Definitions of Authorized Bank

Authorized Bank means any bank authorized by the Finance Ministry, Central Board of Direct Taxes (“CBDT”) for collection of Direct / Indirect Tax via electronic payment and Central Board of Excise and Customs (“CBEC”) for collection of Excise Duty via electronic payment, with which DBS has an arrangement for payment of Tax or may have such arrangements with any such bank in future.

Authorized Bank means any bank established in accordance with the law and authorized by the National Bank of Ethiopia to undertake banking business and foreign exchange transactions;

Authorized Bank means a bank licensed by the Bank pursuant to section 25;

Authorized Bank means commercial bank licenced by the Royal Monetary Authority of Bhutan;

Authorized Bank means the Bank of Tokyo-Mitsubishi UFJ, Ltd., or such other bank as the parties shall mutually agree upon in writing.

Authorized Bank has the meaning ascribed to it in Section 4.18.

Authorized Bank in this section means such one of the following banks as the importer desires, namely the Bank of England or Ireland or some branch thereof, or such bank or banks in Scotland as may, with the consent of such bank or banks, be appointed by the Treasury.