State Financial Corporations Act, 1951 [A10-DCY]

As at 6 September 2026. In force from 29 September 1952 by S.O. 1052(E) [N11-J5V].

Dates: made 5 November 1951; in force 29 September 1952; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: State Financial Corporations Act, 1951, Act 63 of 1951 [A10-DCY]. Machine: A10-DCY.

Sections (36)

Chapter I. PRELIMINARY

Chapter II. RESERVE BANK

Chapter III. OFFENCES AND PENALTIES

Chapter IV. MISCELLANEOUS

Section 1. Short title, extent and commencement [S1B-D6D]

Section 2. Definitions [S1B-D7F]

Section 3. Appointment of Reserve Bank [S1B-D8H]

Section 4. Registration of financials institution [S1B-D9K]

Section 5. Prohibition of the enforcement of security interest without licence [S1B-DAN]

Section 6. Grant of licence [S1B-DBQ]

Section 7. Maintenance of records and furnishing of returns [S1B-DCS]

Section 8. Powers of authorised officer [S1B-DDV]

Section 9. Power to issue directions [S1B-DEX]

Section 10. Power to exempt [S1B-DFZ]

Section 11. Registration of bankings company [S1B-DG4]

Section 12. Prohibition of the borrowing of money without licence [S1B-DH6]

Section 13. Grant of licence [S1B-DJ0]

Section 14. Maintenance of records and furnishing of returns [S1B-DK2]

Section 15. Powers of authorised officer [S1B-DMC]

Section 16. Power to issue directions [S1B-DNE]

Section 17. Power to exempt [S1B-DP8]

Section 18. Registration of depositors [S1B-DQA]

Section 19. Prohibition of the business of a financial institution without licence [S1B-DRM]

Section 20. Grant of licence [S1B-DSP]

Section 21. Maintenance of records and furnishing of returns [S1B-DTG]

Section 22. Powers of authorised officer [S1B-DVJ]

Section 23. Power to issue directions [S1B-DWW]

Section 24. Power to exempt [S1B-DXY]

Section 25. Registration of secureds creditor [S1B-DYR]

Section 26. Prohibition of the business of banking without licence [S1B-DZT]

Section 27. Grant of licence [S1B-E0D]

Section 28. Maintenance of records and furnishing of returns [S1B-E1F]

Section 29. Powers of authorised officer [S1B-E29]

Section 30. Penalty for contravention [S1B-E3B]

Section 31. Offences by companies [S1B-E45]

Section 32. Appeal [S1B-E57]

Section 33. Cognizance of offences [S1B-E61]

Section 34. Protection of action taken in good faith [S1B-E73]

Section 35. Power to make rules [S1B-E8X]

Section 36. Power to remove difficulties [S1B-E9Z]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (3)

Amends: State Financial Corporations Act (Amendment) Act, 2002 [A11-84J], 6 December 2002. "section 30 of the State Financial Corporations Act, 1951 (63 of 1951)".

Amends: State Financial Corporations Act (Amendment) Act, 1976 [A10-RC0], 3 August 1976. "section 32 of the State Financial Corporations Act, 1951 (63 of 1951)".

Commences: Notification S.O. 1052(E), dated 25th September, 1952 [N11-J5V], 29 September 1952. "shall come into force".

Not held (0)

none