Q. Section 14 of Banking Regulation Act, 1949 (Solved)
1. prohibits a banking company from creating a charge upon any unpaid capital of the company.
2. contains a system of licensing of banks by the r.b.i.
3. provides that the subscrib
4. capital of a banking company should not be less than one-half of its authorized capital.
- a. prohibits a banking company from creating a charge upon any unpaid capital of the company.