Notice of claims of other persons regarding articles not receivable
Section 45ZD of the Banking Regulation Act, 1949 deals with notice of claims of other persons regarding articles not receivable. No notice of the claim of any person, other than the person or persons in whose name any article is held by a banking company in safe custody, shall be receivable by the banking company, nor shall the banking company be bound by any such notice even though expressly given to it: Provided that where The Act came into force on 16 Mar 1949.
1[45ZD. Notice of claims of other persons regarding articles not receivable.--No notice of the claim of any person, other than the person or persons in whose name any article is held by a banking company in safe custody, shall be receivable by the banking company, nor shall the banking company be bound by any such notice even though expressly given to it:
Provided that where any decree, order, certificate or other authority from a court of competent jurisdiction relating to such article is produced before a banking company, the banking company shall take due note of such decree, order, certificate or other authority.]
Section 45ZD, The Banking Regulation Act, 1949 (Act 10 of 1949).
Questions about Section 45ZD
What does Section 45ZD of the Banking Regulation Act deal with?
Section 45ZD of the Banking Regulation Act is headed "Notice of claims of other persons regarding articles not receivable". [45ZD. Notice of claims of other persons regarding articles not receivable.--No notice of the claim of any person, other than the person or persons in whose name any article is held by a banking company in safe custody, shall be receivable by the banking company, nor shall the banking company be bou
How do I find court cases under Section 45ZD of the Banking Regulation Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Banking Regulation Act 1949 45ZD, section 45ZD Banking Regulation Act 1949, section 45ZD of the Banking Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 45ZD of the Banking Regulation Act come into force?
Section 45ZD of the Banking Regulation Act, cited as Banking Regulation Act 1949 45ZD, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.
Other sections of this Act
- 56. Act to apply to co-operative societies subject to modifications5544 words
- 45. Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation2310 words
- 10B. Banking company to be managed by whole time chairman1171 words
- 5. Interpretation1164 words
- 43A. Preferential payments to depositors1031 words
- 11. Requirement as to minimum paid-up capital and reserves988 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 22 Oct 2026. This page is not a substitute for legal advice.