Section 49B of the Banking Regulation Act, 1949 – Change of name by a banking company

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Section 49B: Change of name by a banking company

1[49B. Change of name by a banking company.–Notwithstanding anything contained in section 21 of the Companies Act, 1956 (1 of 1956), the Central Government shall not signify its approval to the change of name of any banking company unless the Reserve Bank certifies in writing that it has no objection to such change.]

Source: official text of The Banking Regulation Act, 1949 as published on India Code (PDF). All sections of the Banking Regulation Act, 1949.

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