Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 2] [Section 35] [Entire Act]

Union of India - Subsection

Section 35(5) in The Banking Regulation Act, 1949

(5)The Central Government may, after giving reasonable notice to the banking company, publish the report submitted by the Reserve Bank or such portion thereof as may appear necessary.[Explanation. - For the purposes of this section, the expression "banking company" shall include-
(i)in the case of a banking company incorporated outside India, all its branches in India; and
(ii)in the case of a banking company incorporated in India-
(a)all its subsidiaries formed for the purpose of carrying on the business of banking exclusively outside India; and
(b)all its branches whether situated in India or outside India.]