[Solved] Section 14 of Banking Regulation Act, 1949

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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.
Answer» A. prohibits a banking company from creating a charge upon any unpaid capital of the company.

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