Section 45U of The Banking Regulation Act, 1962: Power of High Court to make rules.

  • June 6, 2021

Section 45U of The Banking Regulation Act, 1962: Power of High Court to make rules.

Power of High Court to make rules. – The High Court may make rules consistent with this Act and the rules made under section 52 prescribing-
(a) the manner in which inquiries and proceedings under Part III or Part III-A may be held;

(b) the offences which may be tried summarily;

(c) the authority to which, and the conditions subject to which , appeals may be preferred and the manner in which such appeals may be filed and heard;

(d) any other matter for which provision has to be made for enabling the High Court to effectively exercise its functions under this Act.

 

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