Section 22 of Banking Regulations Act 1949 deals with ........

Static GK (RBI Grade B) Banking Awareness

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Section 22 of Banking Regulations Act, 1949 deals with ____.

Prohibits a banking company from creating a charge upon any unpaid capital of the company

Contains a system of licensing of banks by the RBI

Provides that the subscribed capital of a banking company should not be less than one-half of its authorised capital .

to allow Banks to open branches

None of the above

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Explanation:

Section 22 in BANKING REGULATION ACT,1949. (1) Save as hereinafter provided, no company shall carry on banking business in India unless it holds a licence issued in that behalf by the Reserve Bank and any such licence may be issued subject to such conditions as the Reserve Bank may think fit to impose.