Multiple choice

The Banking Laws (Application to Cooperative Societies) Act, 1965 extends certain provisions of

(a) Companies Act, 1956 (b) Banking Regulation Act

  1. (a) and (b) both

  2. (a) only

  3. (b) only

  4. None of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Companies Act enables companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. 

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