Government Order No. 3694/2025/GAD of the General Administration Department, Government of Maharashtra dated 14th September, 2025 on the business of banking [N16-9ZM]
As at 7 September 2026. In force. No commencement recorded.
No. 3694/2025/GAD
GOVERNMENT OF MAHARASHTRA
General Administration Department, Government of Maharashtra
Mumbai, dated the 14th September, 2025
GOVERNMENT ORDER
Subject: The business of banking by banking companies under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000, regarding.
1. In the circumstances reported by the Inspecting Officer, the Government of Maharashtra, after careful examination, hereby orders that every banking company carrying on the business of banking shall furnish Form F to the Financial Redress Agency within forty-five days.
2. The matter has been examined. Every banking company carrying on the business of banking shall make an application in Form F to the Financial Redress Agency within forty-five days, accompanied by a fee of five thousand 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 Financial Redress Agency shall dispose of it within forty-five days of its receipt.
4. Difficulties, if any, in the implementation of this government order may be brought to the notice of the General Administration Department, Government of Maharashtra.
(Secretary to Government)
Made under
No enabling provision stated.
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