Repealed or not in force · As amended up to 2026-08
11. Every existing Banking Company which shall register itself as a Limited Existing ~ o m ~ a n i , be[Banking Company, shall at least tllhty days p~eviousl~ ] to fore obtailiillg reg~stration uilder this Act. to give obtaining a certificate of Kegistration wit11 Limited IJiabhtIy, notice to ~uetomers. `b` crive notice that it is intellded SO to register the same, to a every
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cvery person and paJ-tner&xP -'5., ,, , , `firm` ivbo shall have a Banking Account with the Company, a d such ndtice ih&l be given either by delivering the same to such person & film, or leaving the same or putting the sa.me into the Post in aregistered letter aclhessed to lim or them at such adclress as shall have been last communicated or otllerq&e beconze known as his or'their adclress to or by the Coli7pmy. - and in case tile Conlpany shall omit to give ally sucll notice as is hereinbefore r e q ~ e d to be given, then as between the Compan~r and the person or persons ollly who arc h r the time being interested in the account in respect of which sucli notice ought to have been given, aid so far as respects such account allcl variatiolls thereof do-\m to the time at which such notice shall he given, but not futller or othertvise, the certificate of registration ~.i-ith Liinitecl Liabilitv shall have no operation.
Source: India Code