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GOUTAM ROY (not applicable)     19 June 2014

Banking regulation act 1949

Dear Experts

    please see sec 10B of BR ACT 1949, where in it is said"provided further that nothing in this sub section shall apply to a banking company in existence on the commencement of the said section for a period of three months from such commencement." what is meaning of commencement used twice in the sentence?



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