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[Cites 0, Cited by 6] [Section 10] [Entire Act]

Union of India - Subsection

Section 10(2) in Banking Companies Act, 1949

(2)If any question arises in any particular case whether the remuneration is, according to the normal standards prevailing in banking business, on a scale disproportionate to the resources of the company for the purpose of sub-clause (iii) of clause (b) of sub-section (1), the decision of the Reserve Bank thereon shall be final for all purposes.