LawgistThe Banking Regulation Act
50Certain claims for compensation barre
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 1[contained in sections 10, 12A, 16, 35A, 35B, 2[36, 43A and 45] or by reason of the compliance by a banking company with any order or direction given to it under this Act].
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1. Subs. by Act 95 of 1956, s. 12, for certain words (w.e.f. 14-1-1957).
2. Subs. by Act 37 of 1960, s. 8, for "and 36" (w.e.f. 19-9-1960)
MISCELLANEOUS
- 46 Penaltie
- 46A Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code
- 47 Cognizance of offences
- 47A Power of Reserve Bank to impose penalt
- 48 Application of fines
- 49 Special provisions for private banking companies
- 49A Restriction on acceptance of deposits withdrawable by cheque
- 49B Change of name by a banking company
- 49C Alteration of memorandum of a banking company
- 50 Certain claims for compensation barre
- 51 Application of certain provisions to the State Bank of India and other notified banks
- 52 Power of Central Government to make rules
- 53 Power to exempt in certain cases
- 54 Protection of action taken under Act
- 55 Amendment of Act 2 of 1934
- 55A Power to remove difficultie
