Archive | Banking Companies

Management of a Banking Company | India | Accounting

In this article we will discuss about the management of a banking company in India. A banking company must have a whole-time chairman appointed for five years at a time. He may become a director of a subsidiary of the banking company or of a guarantee company registered under Section 25 of the Companies Act […]

Treatment of Minimum Capital and Reserves | Banking Companies

Section 11 lays down the following minimum limit of paid up capital and reserves:  (a) Banking Companies Incorporated Outside India:  If it has a place of business in Mumbai or Kolkata or both …………… Rs. 20 lakhs If it does not have a place of business in Mumbai or Kolkata …………… Rs. 15 lakhs Further, […]

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