Question

The part of Banking Regulation Act which deals with the suspension of business and winding up of banking companies ?

• A. I
• B. II
• C. III
• D. IV

Answer 1

Answer:

C. III

Parts Of BR Act

• Part I - Introduction (preliminary)

• Part II - Business of banking company

• Part III - Suspension of business and winding up of banking companies

• Part IV - Miscellaneous

• Part V - Application of the act to Co-operative societies