Quick Summary
Reserve Bank of india RBI/2020-21/31 DOR.No.Ret.BC.11/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of Westpac Banking Corporation as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that theWestpac Banking Corporationhas ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DOR.IBD.No.100/23.13.138/2020-21 dated July 18, 2020, which
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Notice & Circular Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
The notification concerns the cessation of Westpac Banking Corporation as a banking company under India's Banking Regulation Act, 1949.
Westpac Banking Corporation ceased to be a banking company vide notification dated July 18, 2020.
The relevant act is the Banking Regulation Act, 1949, specifically sub-section (2) of Section 36A.
The notification was published in the Gazette of India, Part III – Section 4, dated August 22 – August 28, 2020.
CAclubindia
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11957&Mode=0