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Union of India - Section

Section 49B in The Banking Regulation Act, 1949

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.