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[Cites 0, Cited by 2] [Section 22] [Entire Act]

Union of India - Subsection

Section 22(1) in Banking Companies Act, 1949

(1)Save as hereinafter provided, no company shall carry on banking business{Subs.by Act 20 of 1950, s.3, for ” in any State “.} [in India] unless it holds a licence granted by the Reserve Bank in such behalf.