Banking Regulation Act definition

Banking Regulation Act means the Banking Regulation Act, 1949 (AACS) including the guidelines for Amalgamation issued by the Reserve Bank of India for the time being in force.
View Source
Banking Regulation Act means the Indian Banking Regulation Act, 1949, as amended from time to time and as supplemented by the rules and regulations issued thereunder;
View Source

Examples of Banking Regulation Act in a sentence

  • PayPal does not have license to operate as a bank under the Banking Regulation Act, 1949 and is not a payment system provider under the Payment and Settlement Systems Act, 2007.

  • The term ‘banking company’ has the meaning given to it under the Banking Regulation Act, 1949.

  • PayPal does not have license to operate as a bank under the Banking Regulation Act, 1949.

  • The appointment and the removal of Auditors and the person who may be appointed as Auditors shall be as provided in Sections 224, 224A, 225 and 226 of the Act and the relevant provisions of the Banking Regulation Act, 1949.

  • Bank is also guided by the provisions of Sections 45 ZC to 45 ZF of the Banking Regulation Act, 1949 and the Multi State Co-operative Societies Act, 2002 and the relevant provisions of Indian Contract Act and Indian Succession Act.

  • In case the Locker was hired jointly with survivorship clause and the Hirer(s) have instructed that the access of the Locker should be given to "either or survivor", "anyone or survivor" or "former or survivor" or according to any other survivorship clause permissible under the provisions of the Banking Regulation Act, 1949, Bank shall follow the mandate in the event of death of one or more of the joint Hirer(s) and shall permit access of the Locker in accordance with such mandate.

  • AGT, Acquisition and the Company desire to make certain representations, warranties, covenants and agreements in connection with the Merger and also to prescribe various conditions to the Merger.

  • In case the locker is hired jointly with survivorship clause and the licensee(s) instructed that the access of the locker should be given to “either or survivor”, “anyone or survivor” or “former or survivor” or according to any other survivorship clause permissible under the provisions of the Banking Regulation Act, 1949.

  • DCB Bank refers to DCB Bank Limited, a banking company incorporated under the Companies ▇▇▇ ▇▇▇▇ (CIN: L99999MH1995PLC089008) and deemed to exist within the meaning of Companies Act, 2013, licensed as a bank under the Banking Regulation Act, 1949 and having its Registered Office at 6th Floor, Peninsula Business Park, Tower A, Senapati ▇▇▇▇▇ ▇▇▇▇, Lower Parel, Mumbai – 400 013, which term shall include its successors and assigns.

  • The Investor CCPS shall be transferable in accordance with the applicable provisions of the Act and the Banking Regulation Act, 1949.

Related to Banking Regulation Act

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • Banking Act means the UK Banking Act 2009, as amended.

  • SEBI Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with the circulars issued thereunder, including any statutory modification(s) or re-enactment(s) thereof for the time being in force.

  • the 2010 Regulations means the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010;