Section 11, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MRM]
As at 7 September 2026. In force from 24 September 2000.
11. Registration of banking companies.—(1) Every banking company shall, within thirty days from the commencement of this Act or, where such person begins the business of banking after such commencement, within thirty days from the date of such beginning, make an application for registration to the Debts Recovery Tribunal in Form C, accompanied by a fee of ten thousand rupees. (2) The Debts Recovery Tribunal 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 banking company shall carry on the business of banking unless registered under this section.
Defined terms in this text (2)
banking: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise
banking: 27 more definitions.
prescribed: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (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)
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Cited by (0)
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Duties published under this section (0)
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