(1) This Act may be called the Banking ¹[Regulation] Act, 1949.

²[(2) It extends to the whole of India ³***.]

(3) It shall come into force on such date⁴ as the Central Government may, by notification in the Official Gazette, appoint in this behalf.

1. Subs. by s. 11, ibid., for "Companies " (w.e.f. 1-3-1966).
2. Subs. by Act 20 of 1950, s. 2, for sub-section (2) (w.e.f. 18-3-1950).
3. The words "except the State of Jammu and Kashmir " omitted by Act 62 of 1956, s. 2 and the Schedule (w.e.f. 1-11-1956).
4. 16th March, 1949, see Notification No. F. 4 (46)-FI/49, dated the 10th March, 1949, Gazette of India, 1949, Part I.