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Bare acts > Banking Regulation (Companies) Rules, 1949 > Rule 11
 
  


 

11. Licensing of banking companies.- A company desiring to have a licence under section 22 of the Act shall apply to the principal office of the Reserve Bank in a form specified below, namely:

(a) in the case of a company incorporated in India and desiring to commence banking business, in Form III;

(b) in the case of company incorporated in India and in existence at the commencement of the Act, in Form IV; and

(c) in the case of company incorporated outside India and desiring to commence / carry on banking business in India, in Form V.

 

 

 

 

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