The Banking Company Act 1991, or BCA 1991, was imposed in Pakistan in 1991. It is a comprehensive law that regulates the formation and administration of banks, including those governed by foreign ownership or joint venture. The act provides for the establishment of bank branches outside Pakistan and regulates their activities. It outlines the rights and obligations of shareholders and directors of banks, as well as how banks should manage accounts, deposits and investments, loans and advances, security deposits, foreign exchange operations and other financial instruments.
Table Of Content:
- The Bank Company Act, 1991
- The Bank Company Act (Bangladesh), 1991 | FinDev Gateway
- laws n acts
- The Bank Company Act (Bangladesh), 1991
- Proposed amendments to the Bank Company Act and its possible ...
- Bank Company Act, 1991 - The Lawyers and Jurists
- The Companies Act (Bangladesh), 1994
- Bank Company Act, 1991 - The Lawyers and Jurists
- The Bank Company Act, 1991
- Audit of Banking Companies
1. The Bank Company Act, 1991
https://www.sai.uni-heidelberg.de/workgroups/bdlaw/1991-a14.htm
Provided further that in the case of new banks and special banks in complete dependence of the Government, the Government may provide additional money for ...
2. The Bank Company Act (Bangladesh), 1991 | FinDev Gateway
https://www.findevgateway.org/paper/1991/01/bank-company-act-bangladesh-1991Jan 1, 1991 ... This document provides the Banking Company Act of Bangladesh that came into force on 14th February, 1991, and that makes provisions for ...
3. laws n acts
https://www.bb.org.bd/aboutus/regulationguideline/lawsnacts.php
Among others, important laws and acts include: Bangladesh Bank Order, 1972 ( P.O. No. 127 of 1972); Bank Company Act, 1991; Bank Company (amendment) ...
4. The Bank Company Act (Bangladesh), 1991
https://www.findevgateway.org/sites/default/files/publications/files/mfg-en-paper-the-bank-company-act-bangladesh-1991-1991.pdf(1) This Act may be called the Banking Companies Act, 1991. ... this Act shall apply to a co-operative bank or any other financial institution registered under the ...
5. Proposed amendments to the Bank Company Act and its possible ...
https://www.tbsnews.net/thoughts/proposed-amendments-bank-company-act-and-its-possible-impact-128140Sep 4, 2020 ... The recently proposed amendments to the Bank Companies Act 1991 have been intended to take severe actions against wilful defaulters. On ...
6. Bank Company Act, 1991 - The Lawyers and Jurists
https://www.lawyersnjurists.com/lawyer_ci/digest/bank-company-act-1991
Bank Companies Act has given power to Bangladesh Bank for removal of the Chairman, Directors and the Chief Executive of the bank in public interest or to ...
7. The Companies Act (Bangladesh), 1994
https://www.iiiglobal.org/sites/default/files/companiesact_0.pdf
(b) "banking company" means a bank company as defined in section 5(9) of the Act, 1991 (Act No. 14 of 1991). (c) "company" means a company formed and ...
8. Bank Company Act, 1991 - The Lawyers and Jurists
https://www.lawyersnjurists.com/lawyer_ci/digest/bank-company-act-1991-2
Jun 7, 2018 ... Bank Company Act, 1991. [XIV of 1991]. Sections 3 and 5(KaKa)—. The manner of investigation that has to be performed in terms of section 44 ...
9. The Bank Company Act, 1991
https://fid.portal.gov.bd/sites/default/files/files/fid.portal.gov.bd/page/7836838f_51fd_4d72_a1c4_f1e4a029447f/3.%20Bank%20and%20Financial%20Sectors%20Related%20%20Laws%20and%20Rules-LATESTACP.pdfunder Bank Company Act, 1991 are termed as Scheduled Banks. The articles of the Act deal with the following aspects of banking companies: Operations;.
10. Audit of Banking Companies
https://www.linkedin.com/pulse/audit-banking-companies-md-al-amin-howladerJan 14, 2018 ... The Bank Company Act 1991 (as amended in 2013) for Banks and the Financial Institutions Act, 1993 for FIs;; Specific regulations issued by ...
Conclusion:
In summary, The Banking Company Act 1991 established a comprehensive framework that governs all aspects involved in forming and administrating banks including those formed through joint venture or foreign ownership. It outlines specific rules on what legal activities a bank can undertake alongside Corporate Governance Responsibilities which need to be followed while also detailing State Bank's role in relation to Foreign Ownership & Joint Ventures set up under this act.