Central Act
49
Section 49. Special provisions for private banking companies.
The Banking Regulation Act, 1949
In forceAll India (Central Act)
49. Special provisions for private banking companies. The exemptions, whether express or implied, in favour of a private company in 1[sections 90, 165, 182, 204 and 255, clauses (a) and (b) of sub-section (1) of section 293 and sections 300, 388A and 416 of the Companies Act, 1956 (1 of 1956)], shall not operate in favour of a private company which is a banking company.