CA /CMA Final Revision of The Banking Regulation Act, 1949 MAY/JUNE - NOV/DEC2024.

(COORPERATE & ECONOMIC LAW)

Topics covered under this video-

1) The Banking Regulation Act, 1949 introduction
2) Business allowed for a  banking company (Section 6)
3) Prohibition on trading (Section 8)
4) Disposal of Non Banking assets (Section 9)
5) Section 10: Employment of managing agents is prohibited, and certain types of employment are restricted.
6) Banking company to be managed by whole time Chairman [Section10B]
7) Power of Reserve Bank to appoint Chairman of the Board of Directors appointed on a whole-time basis or a Managing Director of a banking company [Section10BB].
8) Board of Directors to include persons with professional and other experience.
9) Reserve fund (Section 17)
10) Cash reserve (Section 18)

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#Prohibition #on #trading #Section-8 #Disposal #of #NonBankingassets #Section-9 #Section10 #Employment #of #managingagents is #prohibited #and #certain #types #of #employment #are #restricted.
#Bankingcompany #to #be #managed #by #wholetime #Chairman #Section10B #Power #of #ReserveBank #to #appoint #Chairman #of #the #Board #of #Directors #appointed #on #whole-time #basis #or #ManagingDirector #of #bankingcompany #Section10BB #BoardofDirectors #to #include #persons #with #professional #and other #experience #Reserve und #Section17 #Cashreserve #Section18

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