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Section 49 B – The Banking Regulation Act,1949

The Banking Regulation Act,1949

Section 49B. Change of name by a banking company

Notwithstanding anything contained in section 21 of the Companies Act,1956 (1 of 1956), the Central Government shall not signify its approval to the change of name of any banking company unless the Reserve Bank certifies in writing that it has no objection to such change.

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The Banking Regulation Act,1949

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