Banking · Banking Regulation Act, 1949
According to Section 9 of the Banking Regulation Act, 1949, a banking company that acquires immovable property in satisfaction of claims must dispose of that asset within a maximum period of how many years from the date of acquisition?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ten years
- 2Seven years✓
- 3Five years
- 4Three years
Correct answer
Seven years
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