THE BANKING REGULATION ACT, 1949

• Prohibition of trading Sec. 8
• Requirement as to minimum paid-up capital and reserve Sec. 11
• Restriction on Commission, brokerage, discounts, etc., on sale of shares Sec. 13
• Prohibition of charge on unpaid capital Sec. 14
• Prohibition of floating charge on assets Sec. 14A
• Restrictions as to payment of dividend Sec. 15
• Reserve Fund Sec. 17
• Cash reserve Sec. 18
• Restrictions on loans and advances Sec. 20
• Power of Reserve Bank to control advances by banking companies Sec. 21
• Rates of interest charged by banking companies not to be subject to scrutiny by courts Sec. 21A
• Licensing of banking companies Sec. 22
• Restrictions on opening of new, and transfer of existing, places of business Sec. 23
• Assets in India Sec. 25
• Return of unclaimed deposits Sec. 26
• Accounts and balance-sheet Sec. 29
• Audit Sec. 30
• Inspection Sec. 35
• Power of the Reserve Bank to give directions Sec. 35A
• Certain provisions of the Act not to apply to certain banking companies Sec. 36A
• Punishments for certain activities in relation to banking companies Sec. 36AD
• Suspension of business Sec. 37
• Winding up by High Court Sec. 38
• Application of Companies Act to liquidators Sec. 39A
• Powers of High Court in voluntary winding up Sec. 44
• Procedure for amalgamation of banking companies Sec. 44A
• Documents of banking company to be evidence Sec. 45F
• Appeals Sec. 45N
• Provisions Relating to Certain Operations of Banking Companies Secs. 45 to 45ZF
• Penalties Sec. 46
• Certain claims for compensation barred Sec. 50