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Government Resolution No. FD-2008/C.R. 485 of the Finance Department, Government of Maharashtra dated 6th July, 2008 on the business of a financial institution [N13-A2A]

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

Dates: made 6 July 2008; 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: Government Resolution No. FD-2008/C.R. 485 of the Finance Department, Government of Maharashtra dated 6th July, 2008 on the business of a financial institution, Government Resolution No. FD-2008/C.R. 485, 6th July, 2008 [N13-A2A]. Machine: N13-A2A.

No. FD-2008/C.R. 485

GOVERNMENT OF MAHARASHTRA

Finance Department, Government of Maharashtra

Mumbai, dated the 6th July, 2008

GOVERNMENT RESOLUTION

Subject: The business of a financial institution by financial institutions under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000, regarding.

1. In the circumstances reported by the authorised officer, the Government of Maharashtra, after careful examination, hereby orders that every financial institution carrying on the business of a financial institution shall furnish Form B to the Reserve Bank within sixty days.

2. The matter has been examined. Every financial institution carrying on the business of a financial institution shall make an application in Form B to the Reserve Bank within sixty days, accompanied by a fee of five hundred rupees.

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

4. Difficulties, if any, in the implementation of this government resolution 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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none

Acted on by (0)

none

Not held (0)

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Government Resolution No. FD-2008/C.R. 485 of the Finance Department, Government of Maharashtra dated 6th July, 2008 on the business of a financial institution [N13-A2A]