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Article contents
Extract
carry on the business of banking in all its branches and departments, including borrowing, raising or taking up money; lending or dealing in bills of exchange, promissory notes, coupons, drafts, bills of lading, warrants, debentures, certificates, scrip and other instruments and securities, whether transferable or negotiable, or not; granting and issuing letters of credit and circular notes; buying, selling and dealing in bullion and species; acquiring, holding and issuing on commission, underwriting and dealing with stocks,’ funds, shares, debentures, debenture stock, bonds, obligations, securities and investments of all kinds, the negotiating of loans and advances; receiving money and valuables on deposit, or for safe custody, or otherwise; collecting and transmitting money and securities; managing property, and transacting all kinds of agency business commonly transacted by bankers.
- Type
- Legislation and Regulations
- Information
- Copyright
- Copyright © American Society of International Law 1967
Footnotes
[The State Trading Corporation (Establishment and Vesting of Interests) Act, 1967, appears at page 1202. The National Agricultural Products Board (Vesting of Interests) Act, 1967, appears at page 1212. The Insurance (Vesting of Interests and Regulation Act, 1967, appears at page 1220, and the Industrial Shares (Acquisition) Act, 1967, appears at page 1227.]
References
* [The State Trading Corporation (Establishment and Vesting of Interests) Act, 1967, appears at page 1202. The National Agricultural Products Board (Vesting of Interests) Act, 1967, appears at page 1212. The Insurance (Vesting of Interests and Regulation Act, 1967, appears at page 1220, and the Industrial Shares (Acquisition) Act, 1967, appears at page 1227.]