Regulation of Acquisition of Shares or Voting Rights Under Section 12 of Banking Act
12B. Regulation of acquisition of shares or voting rights.— (1) No person (hereinafter referred to as “the applicant”) shall, except with the previous approval of the Reserve Bank, on an application being made, acquire or agree to acquire, directly or indirectly, by himself or acting in concert with any other person, shares of a banking […]
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