A banking company cannot hold shares in any company whether as pledgee mortgagee or absolute owner o...........

Professional Legal Knowledge Banking Regulation Act

A banking company cannot hold shares in any company whether as pledgee, mortgagee or absolute owner of an amount exceeding _____ of the paid-up capital of that company or _____ of its own paid-up capital and reserves, , whichever is less.

20%, 25%

20%, 30%

25%, 25%

30%, 30%

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Explanation:

Sub-section (2) of the Section 19 of the Banking Regulation Act, 1949 provides that no banking company shall hold shares in any company, whether as pledgee, mortgagee or absolute owner, of any amount exceeding 30 per cent of the paid –up share capital of that company or 30 per cent of its own paid-up share capital and reserves