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Banking Regulation _companies_ Rules, 1949

Category: Centralrules

the Reserve Bank. (2) The value of each security deposited under sub-rule (1) shall be estimated at its market rate, ex-dividend. (3) Securities shall be duly transferred to the Reserve Bank by the banking company. (4) Upon … Act" means the Banking Regulation Act, 1949; (aa) "ineligible Director" means a Director who is not eligible under clause (a) or clause (b) of sub-section (2) of section 10A of the Act; (b) "principal office of the


Agreement To Appoint Agent In District

Category: Agreements Misc Agreements

some particular customers, is obtained from the principal.6. That the agent shall obtain premises on rent in the market area. The expenses in this regard, and agreed rent and securities shall be borne by the principal.7. That … letter head etc. for the principal.10. The breach of conditions mentioned in clause 8 and 9 shall entitle the principal to terminate the agreement and … and recover a sum of Rs.............by way of damages.11. That the principal shall keep with the agent stock valuing Rs.............. at all time. For this purpose the agent shall submit weekly stock list of the goods of


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