Duty D12-1SF, published by Department of Financial Services, Ministry of Finance [D12-1SF]
As at 6 September 2026. In force from 28 August 2017.
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, Specified Bank Notes (Cessation of Liabilities) Act, 2017 [S28-2DF].
Penalty provision: Section 33, Specified Bank Notes (Cessation of Liabilities) Act, 2017 [S28-381].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 28 August 2017.