Reserve Bank of India Act, 1934
Section - 19 - Business which the Bank may not transact
Business which the Bank may not transact.
19. Save as otherwise provided in sections 17, 18, [42] and 45, the Bank may not-
| (1) | - | engage in trade or otherwise have a direct interest in any commercial, industrial, or other undertaking except such interest as it may in any way acquire in the course of the satisfaction of any of its claims : |
| - | Provided that all such interests shall be disposed of at the earliest possible moment; | |
| [(2) | - | purchase the shares of any banking company or of any other company, or grant loans upon the security of any such shares;] |
| (3) | - | advance money on mortgage of, or otherwise on the security of, immovable property or documents of title relating thereto, or become the owner of immovable property, except so far as is necessary for its own business premises and residences .... To read the full section download the app from Google Play store
19 October 2026
Accountants/Articles (Freshers/Experienced)ADY & CO. New Delhi Graduate (Any) View Details
Featured
ARTICLESHIP
28 October 2026
CA- Inter and ArticlesN N V Satish & Co., Hyderabad CA Inter View Details
ARTICLESHIP
28 October 2026
Article assistantsShyam S Gupta and Company New Delhi CA Inter View Details
CCI
Pro
|
CAclubindia
