Central Act

49C

Section 49C. Alteration of memorandum of a banking company.

The Banking Regulation Act, 1949

In forceAll India (Central Act)

1[49C. Alteration of memorandum of a banking company.--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.]