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Office Memorandum No. 1264/2015/FD of the Finance Department, Government of Maharashtra dated 28th November, 2015 on the business of banking [C19-5TE]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 28 November 2015; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Jurisdiction: Maharashtra [IN-MH]. Made by the Finance Department, Government of Maharashtra.

Synthetic. This instrument, its title, its number and its words are generated by the register.

Cite: Office Memorandum No. 1264/2015/FD of the Finance Department, Government of Maharashtra dated 28th November, 2015 on the business of banking, Office Memorandum No. 1264/2015/FD, 28th November, 2015 [C19-5TE]. Machine: C19-5TE.

No. 1264/2015/FD

GOVERNMENT OF MAHARASHTRA

Finance Department, Government of Maharashtra

Mumbai, dated the 28th November, 2015

OFFICE MEMORANDUM

Subject: The business of banking by banking companies under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000, regarding.

1. The undersigned is directed to say that references have been received in the Finance Department, Government of Maharashtra on the manner in which the business of banking by banking companies is to be regulated under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000.

2. The matter has been examined. Every banking company carrying on the business of banking shall make an application in Form E to the Reserve Bank within forty-five days, accompanied by a fee of one hundred rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the business of banking is undertaken, and the Reserve Bank shall dispose of it within forty-five days of its receipt.

4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Finance Department, Government of Maharashtra.

(Secretary to Government)

Made under

No enabling provision stated.

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Acted on by (0)

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Not held (0)

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