Section 49C: Alteration of memorandum of a banking company.

Q: What does Section 49C of The Banking Regulation Act, 1949 (BR Act) deal with?

Section 49C BR Act pertains to "Alteration of memorandum of a banking company.". It is part of the The Banking Regulation Act, 1949, a legislation enacted by the Parliament of India. Section 49C of The Banking Regulation Act, 1949 (BR Act) governs alteration of memorandum of a banking company. As verified on 19 May 2026.

Q: Is Section 49C BR Act still in force?

Yes, Section 49C of the The Banking Regulation Act, 1949 is currently in force across the Republic of India.

Q: What is धारा 49C BR Act?

धारा 49C BR Act is the Devanagari Hindi reference for Section 49C of the The Banking Regulation Act, 1949. Section 49C of The Banking Regulation Act, 1949 (BR Act) governs alteration of memorandum of a banking company. As verified on 19 May 2026.

Q: What is Dhara 49C BR Act?

Dhara 49C BR Act is the Roman Hindi reference for Section 49C of the The Banking Regulation Act, 1949. "Dhara" means "Section" in Hindi. Section 49C of The Banking Regulation Act, 1949 (BR Act) governs alteration of memorandum of a banking company. As verified on 19 May 2026.

Q: How to cite Section 49C of The Banking Regulation Act, 1949?

Cite as: "Section 49C, The Banking Regulation Act, 1949 (BR Act)" in legal briefs. For academic writing, use the BlueBook format: The Banking Regulation Act, 1949, § 49C (India).

Law on Tips Editorial Board

¹[49C. Alteration of memorandum of a banking company.—Notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), no application for the confirmation of the alteration of the memorandum of a banking company shall be maintainable unless the Reserve Bank certifies that there is no objection to such alteration.]

1. Ins. by Act 33 of 1959, s. 35 (w.e.f. 1-10-1959).