Duty D10-EGM, published by Department of Financial Services, Ministry of Finance [D10-EGM]
As at 7 September 2026. In force from 15 January 1948.
Addressee: Every banking company.
Required: Obtain a licence before undertaking the business of banking; apply in Form B, fee five hundred rupees.
Period: Before the activity begins; licence valid three years.
Form: Form B.
Source: Section 6, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-55Y].
Penalty provision: Section 53, Reserve Bank (Transfer of Public Ownership) Act, 1948 [S19-6MN].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 15 January 1948.