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[Cites 0, Cited by 0] [Section 36AG] [Entire Act]

Union of India - Subsection

Section 36AG(5) in The Banking Regulation Act, 1949

(5)If, before the date notified under sub-section (4), the Central Government receives requests, in terms of that sub-section, from not less than one-fourth in number of the shareholders holding not less than one-fourth in value of the paid-up share capital of the acquired bank, or, where the acquired bank is a banking company incorporated outside India, from the acquired bank, the Central Government shall have the matter referred to the Tribunal for decision.