# The Banking Regulation Act, 1949, Section 14: Prohibition of charge on unpaid capital

- Act: The Banking Regulation Act, 1949 (Act 10 of 1949)
- In force from: 1949-03-16
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/banking-regulation-act-1949/section/14/

## Text

No banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.

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