Sir , in banking companies , according to section 11 of banking regulation act, paidup capital requirements and sec 22 of the same act for getting a licence paid up capital requirements are different . How can it be ? Because in India no banking company can be functioned without licence , now sec 11 or sec 22 need to be considered. Please explain the difference between sec 11 and sec 22
ANSWERED Team Auditguru answered June 13, 2018     Category:
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