Chapter-5 Provisions on License

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Sections

Section 31: Prohibition on carrying on Financial Transactions by anyone other than Bank or Financial Institution
Section 32: Use of Name of Bank or Financial Institution
Section 33: Application to be filed to obtain License for carrying on Banking and Financial Transactions
Section 34: License may be granted for carrying out Banking and Financial Transactions
Section 35: Issuance of License may be denied
Section 36: Rastra Bank may Specify Conditions
Section 37: Classification of Bank or Financial Institution
Section 38: May be Converted into Higher Class of Bank or Financial Institution
Section 39: List to be Published
Section 39A: Provisions as to the operation of financial institutions in the Province
Section 40: Special Provision on Branch of Foreign Bank

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