TypeBare Act JurisdictionCentral Government Enacted2012

Banking Laws (Amendment) Act, 2012 Section 2

Amendment of Section 50."

Section Text

In Section 5 of the Banking Regulation Act, 1949 (hereinafter in the chapter referred to as the principal Act), for Clause (a), the following Clause shall be substituted, namely" ˜( a) ˜˜approved securities'' means the securities issued by the Central Government or any State Government or such other securities as may be specified by the Reserve Bank from time to time;'.