Section 11, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-DRR]
As at 10 November 1982. In force from 10 November 1982 by S.O. 1986(E) [N12-1SR].
11. Registration of licensees.—(1) Every licensee shall, within sixty 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