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Section 9. Disposal of non-banking assets.—Notwithstanding anything contained in section 6, no banking company shall hold any immovable property howsoever acquired, except such as is required for its own use, for any period exceeding seven years from the acquisition thereof or from the commencement of this Act, whichever is later or any extension of such period as in this section provided, and such property shall be disposed of within such period or extended period, as the case may be: Provided that the banking company may, within the period of seven years as aforesaid, deal or trade in any such property for the purpose of facilitating the disposal thereof: Provided further that the Reserve Bank may in any particular case, extend the aforesaid period of seven years by such period not exceeding five years where it is satisfied that such extension would be in the interest of the depositors of the banking company.
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Two years ago, the combined ages of Armaan and Bikash equaled Chetna's age at that time. Ten years ago, Armaan was twice as old as Bikash. If, in five y...
The sum of ages of organization members (including clerk and managers) is 380 years. The total ages of clerks and managers are in the ratio 1:3 and the ...
The current age of Lisa is three times that of Maya. 5 years from now, Lisa's age will be twice the age of Tom at that time. If Maya is 3 years younger ...
The ratio of the present ages of P and Q is 7:4 respectively. If the age of P 15 years hence from now will be 125% more than the age of Q 4 years ago fr...
Rohan's present age is 3/7 times the age of his mother. After five years, he will be one- half of the age of his mother. How old is his mother at pres...
If the total ages of A and B is 6 years more than the total age of B and C. C is how many years younger than A?