Section 11, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-DRR]

As at 7 September 2026. In force from 10 November 1982 by S.O. 1986(E) [N12-1SR].

In Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [A10-T4R]. This text from 18 June 1984, by Act 75 of 1984 [A10-WHF]. Other texts (1): from 10 November 1982 to 17 June 1984.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 11, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-DRR]. Machine: S1R-DRR.

11. Registration of licensees.—(1) Every licensee shall, within ninety days from the commencement of this Act or, where such person begins the carrying on of a licensed activity after such commencement, within sixty days from the date of such beginning, make an application for registration to the Controller in Form C, accompanied by a fee of two thousand rupees. (2) The Controller shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No licensee shall carry on the carrying on of a licensed activity unless registered under this section.

Defined terms in this text (1)

prescribed: Section 2, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1RDFK] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act

prescribed: 996 more definitions.

Made under this section, or naming it (0)

none

Cited by (1)

Section 2, Banking Companies (Acquisition and Transfer of Undertakings) Act (Amendment) Act, 1984 [S1S-VR2], 18 June 1984, Band A. "section 11 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980)".

Not held (0)

none

Duties published under this section (0)

none