Section 26   [ View Judgements ]

PROHIBITED BUSINESS

The Corporation shall not-

(a) accept deposits except as provided by this Act ;

(b) subscribe directly to the shares or stock of any company having limited liability: Provided that nothing in clause (6) shall affect the right of the Corporation to acquire any shares, bonds or debentures of a company having limited liability in fulfillment of any underwriting agreement entered into by the Corporation.

#LexTechSuite #Section #Act #Law #Statute #IndianLaw #Kanoon