FIR Online, download legal format. IPC, CPC, CrPC, IP, NI, CP Act

Section 45F - Certain claims for compensation barred, Section 45H Chapter IIIB not to apply in certain cases: RBI Act 1934

What is the meaning of Certain claims for compensation barred? Does Chapter IIIB not to apply in certain cases? Section 45F and 45H of Reserve Bank of India Act 1934

 

 

Section 45F of RBI Act 1934 : "Certain claims for compensation barred"

No person shall have any right, whether in contract or otherwise, to any compensation for any loss incurred by reason of the operation of any of the provisions of this Chapter.

 

Section 45H of RBI Act 1934: "Chapter IIIB not to apply in certain cases"

The provisions of this Chapter shall not apply to the State Bank or a banking company as defined in section 5 of the Banking Regulation Act, 1949 (10 of 1949) or a corresponding new bank as defined in clause (da) of section 5 of that Act or a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) or a Regional Rural Bank or a co-operative bank] or a primary agricultural credit society or a primary credit society :

Provided that for the purposes of this Chapter, the Tamil Nadu Industrial Investment Corporation Limited shall not be deemed to be a banking company.

 

Home    About Us     Privacy Policy     Disclaimer      Sitemap