Section 5A of BRA : Section 5A: Act To Override Memorandum, Articles, Etc
BRA
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Explanation using Example
Imagine a scenario where a banking company has a clause in its articles of association that allows it to invest a certain percentage of its funds in speculative ventures. However, the Banking Regulation Act, 1949, imposes restrictions on the types and amounts of investments that banks can make to ensure the stability of the bankin...
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