Section 4 – BANKING REGULATION (COMPANIES) RULES

4. List of officers

(1)(i) A banking company shall, not later than one month from the commencement of these rules or from the commencement of  business, whichever is later send to the principal office of the Reserve Bank a written statement containing a list of:

(a) the names, the official designations and specimen signatures of the officers authorized to sign on behalf of the banking company returns required under the Act or these rules, and

(b) the names and addresses of the Directors of the banking company.

(ii) Any change in the list referred to in clause (i) of this sub-rule shall be intimated to the principal office of the Reserve Bank within one month from the occurrence of such change.

(2) A banking company incorporated outside India, which at the commencement of these rules has a place of business in India, and every such company which after the commencement of these rules establishes such a place of business in India, shall, within one month from the commencement of these rules or from the establishment of such place of business, as the case may be, furnish to the principal office of the Reserve Bank the full address of the principal place of business declared in terms of section 227(1)(e) of the Indian Companies Act, 1913, or as the case may be, section 592(1)(e) of the Companies Act, 1956, and the name and address of one or more persons resident in India authorized to accept on behalf of the company any notice or order required to be served on the company under the Act or these rules and shall intimate to the principal office of the Reserve Bank any change in such name or address within one month of the occurrence of the change:

PROVIDED that information furnished by a banking company under Rule 4 of the Banking Companies (Control) Rules, 1948, shall be deemed to have been furnished under this rule.

Main Index

Rules and Regulations of India

MyNation

Leave a Comment

Your email address will not be published. Required fields are marked *