BRAct 1949 (AACS) B. R. Act, 1949 (AACS).pdf [Updated] 2022

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BRAct 1949 (AACS) B. R. Act, 1949 (AACS).pdf

 

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Section 3. Short title, extent and commencement.

1. Short title, extent and commencement.- (1) This Act may be cited as the Banking Regulation Act, 1949.

(2) It extends to the whole of India except to the extent that it is inconsistent with the provisions of any other law made by Parliament.

(3) This Act shall come into force on the date appointed by the Central Government, and shall apply to the whole of India, save as otherwise expressly provided.

Banking Regulation Act, 1949.

2. Application of other laws not barred.- Nothing contained in the Banking Regulation Act, 1949, shall be deemed to affect or take away any right to which any person is entitled by any other law, which may be continued or enforced to give effect to any such right or to the act, penalty or proceedings specified in any such right or any such right or any such penalty or proceedings as may be created in consequence of any such right, in so far as such rights are not inconsistent with the provisions of this Act.

Section 2 was inserted by No. 25 of the Central Government (Seventh) Ordinance, 1956.

Section 3. Short title, extent and commencement.-

(1) This Act may be cited as the Banking Regulation Act, 1949.

3. Application of other laws not barred.- Nothing contained in this Act shall be deemed to affect or take away any right to which any person is entitled by any other law, which may be continued or enforced to give effect to any such right or to the act, penalty or proceedings specified in any such right or any such right or any such penalty or proceedings as may be created in consequence of any such right, in so far as such rights are not inconsistent with the provisions of this Act.

(2) The words and expressions used in the Banking Regulation Act, 1949, but not defined therein, have the same meanings as in the Banking Regulation Act, 1950.

(3) The regulations made under this Act or any rule or order made by a public authority under this Act shall, for the purposes of the

 

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