Section 14 of Banking Regulation Act, 1949 | Faculties

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Mr. Dubey

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📊 Banking Services Management (BSM)

Q. Section 14 of Banking Regulation Act, 1949

(A) prohibits a banking company from creating a charge upon any unpaid capital of the company.
(B) contains a system of licensing of banks by the r.b.i.
(C) provides that the subscrib
(D) capital of a banking company should not be less than one-half of its authorized capital.

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✅ Correct Answer: (A) prohibits a banking company from creating a charge upon any unpaid capital of the company.

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