The Banking Regulation Act, 1949

Section 36AD. Punishments for certain activities in relation to banking companies

In force · As amended up to 2026-08

36AD. Punishments for certain activities in relation to banking companies .—(1) No person shall— (a) obstruct any person from lawfully entering or leaving any office or place of business of a banking company or from carrying on any business there, or (b) hold, within the office or place of business of any banking company, any demonstration which is violent or which prevents, or is calculated to prevent, the transaction of normal business by the banking company, or (c) act in any manner calculated to undermine the confidence of the depositors in the banking company. (2) Whoever contravenes any provision of sub-section (1) without any reasonable excuse shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to one thousand rupees, or with both. 2[(3) For the purposes of this section "banking company" includes the Reserve Bank, 3* the Exim Bank,[4] [the Reconstruction Bank],[5] [the National Housing Bank], the National Bank,[6] [the Small 1. Ins. by Act 58 of 1968, s. 15 (w.e.f. 1-2-1969). 2. Subs. by Act 1 of 1984, s. 32, for sub-section (3) (w.e.f. 15-2-1984). 3. The words "the Development Bank" omitted by Act 53 of 2003, s. 12 and Sch. (w.e.f. 2-7-2004). 4. Ins. by Act 62 of 1984, s. 71 and Sch. III (w.e.f. 20-3-1985). 5. Ins. by Act 53 of 1987 s. 56 and Sch. II (w.e.f. 9-7-1988). 6. Ins. by Act 39 of 1989, s. 53 and Sch. II (w.e.f. 7-3-1990). Industries Bank[1] [, the National Bank for Financing Infrastructure and Development or the other development financial institution,]] the State Bank of India, a corresponding new bank, a regional rural bank and a subsidiary bank].

Source: India Code

How this section changed

  1. inserted by Act 58 of 1968, s. 15

    In force from 1 Feb 1969

    Footnote: 1. Ins. by Act 58 of 1968, s. 15 (w.e.f. 1-2-1969).

  2. substituted by Act 1 of 1984, s. 32

    In force from 15 Feb 1984

    Footnote: 2. Subs. by Act 1 of 1984, s. 32, for sub-section (3) (w.e.f. 15-2-1984).

  3. inserted by Act 62 of 1984, s. 71

    In force from 20 Mar 1985

    Footnote: 4. Ins. by Act 62 of 1984, s. 71 and Sch. III (w.e.f. 20-3-1985).

  4. inserted by Act 53 of 1987, s. 56

    In force from 9 Jul 1988

    Footnote: 5. Ins. by Act 53 of 1987 s. 56 and Sch. II (w.e.f. 9-7-1988).

  5. inserted by Act 39 of 1989, s. 53

    In force from 7 Mar 1990

    Footnote: 6. Ins. by Act 39 of 1989, s. 53 and Sch. II (w.e.f. 7-3-1990).

  6. omitted by Act 53 of 2003, s. 12

    In force from 2 Jul 2004

    Earlier wording: “the Development Bank”

    Footnote: 3. The words "the Development Bank" omitted by Act 53 of 2003, s. 12 and Sch. (w.e.f. 2-7-2004).