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[Cites 0, Cited by 0] [Section 25(3)] [Section 25] [Entire Act]

Union of India - Subsection

Section 25(3)(b) in The Banking Regulation Act, 1949

(b)[ "liabilities in India" shall not include the paid-up capital or the reserves or any credit balance in the profit and loss account of the banking company;] [Inserted by Act 33 of 1959, Section 16 (w.e.f. 1.10.1959).]