Amendment status not verified — confirm the current text below against the official source.
1 [49C. Alteration of memorandum of a banking company.-- Notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), no application for the confirmation of the alteration of the memorandum of a banking company shall be maintainable unless the Reserve Bank certifies that there is no objection to such alteration.]