Question
No company other than a banking company shall use as part of its name or, in connection with its business nor shall any company carry on the business of banking in India unless it uses as part of its name at least one of the ________________ wordsÂ
Solution
Banking Regulation Act Bank, Banker or Banking or Banking Company, Reason: Section 7- Use of words "bank", "banker", "banking" or "banking company"- No company other than a banking company shall use as part of its name or, in connection with its business any of the word’s "bank", "banker" or "banking" and no company shall carry on the business of banking in India unless it uses as part of its name at least one of such words.
More Other Laws and Acts Questions
- Res-Judicata is incorporated under which provision of CPC?
- Â Penalty for non- compliance of order of any of the Commissions is:
- Section 8 of the Environment (Protection) Act, 1986 prohibits handling hazardous substances except:
- What does the term "Air Pollutant" refer to in the context of the Air Prevention and Control of Pollution Act 1981?
- Under the Insolvency and Bankruptcy Code, 2016, who is responsible for initiating the Corporate Insolvency Resolution Process (CIRP) for a defaulting compa...
- How many members can be nominated to represent the Anglo-Indian Community in the Legislative Assemblies in a State?
- The explanation to Section 23 defines “Community Service” as—Â
- The Appellate Tribunal under the Recovery of Debts and Bankruptcy Act established by the Central Government is known as the ________________________
- Consider the following statements regarding the appointment of auditors under Section 139 of the Companies Act, 2013: Statement 1: The first auditor of a ...
- Who has the right to file a complaint with the Rent Control Court under the Maharashtra Rent Control Act?
Relevant for Exams:
