LCI Learning
New LIVE Course: Toxicology and Law. Batch begins 21st July. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Banking Regulation Act,1949

Act No : 10


Section : Prohibition of charge on unpaid capital.

14. Prohibition of charge on unpaid capital.- No banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.