Académique Documents
Professionnel Documents
Culture Documents
Summary
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CHAPTER I: PRELIMINARY
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• the custody of monies, securities and other articles of value, and the
collection of the proceeds, whether principal, interest or dividends, of any
such securities;
• the sale and realisation of all property, whether movable or immovable,
which may in any way come into the possession of the Bank in satisfaction, or
part satisfaction, of any of its claims;
• the acting as agent for the Central Government or any State Government
• the purchase and sale of securities issued by the government of any country
outside India or by any institution or body corporate established outside India
and expressed to be
• the making of loans and advances in foreign currencies to scheduled banks,
the Development Bank, the Exim Bank,]
• Power of direct discount
• Validity of loan or advance not to be questioned
• Business which the bank may not transact
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• Re-issue of notes
• Recovery of notes lost, stolen, mutilated or imperfect
• Issue of special bank notes and special one rupee notes in certain cases
• Bank exempt from stamp duty on bank notes
• Powers of Central Government to supersede Central Board
• Issue of demand bills and notes
• Assets of the issue department
• Liabilities of the issue department
• Obligation to supply different forms of currency
• Transactions in foreign exchange
• Transactions in foreign exchange
• Transactions in foreign exchange
• Transactions in foreign exchange
• Appointment of agents
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• Definitions
• Power of bank to collect credit information
• Power to call for returns containing credit information
• Procedure for furnishing credit information to banking
companies
• Disclosure of information prohibited
• Certain claims for compensation barred
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CHAPTER V: PENALTIES
• Penalties
• Offences by companies
• Cognizance of offences
• Application of fine
• Power of bank to impose fine
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SCHEDULE - I
• About Geographical Definitions….
Given u/s 9
SCHEDULE - II
• Alphabetical list of banks…. Given u/s
Sections 2(e) and 42
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