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 ________________ words.Solution
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.
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