Schedule 2 of The Banking Regulation Act, 1949
THE SECOND SCHEDULE.
THE SECOND SCHEDULE.—[Repeals] Rep. by the Repealing and Amending Act, 1957 (36 of 1957), s. 52 and the First Schedule (w.e.f. 17-9-1957). 97
Summary
- This schedule originally contained a list of older laws that were being cancelled or repealed.
- It served as a cleanup tool to make sure that old, conflicting rules no longer applied once the 1949 Act started.
- The schedule itself was later removed from the law by a different Act in 1957.
- Because it was repealed, the specific list of old laws it once held is no longer part of the current banking law.
Practical examples
FAQ
1. What can I find in Schedule 2 of The Banking Regulation Act, 1949?
You will find that Schedule 2 of The Banking Regulation Act, 1949, is currently repealed and no longer contains its original list of cancelled laws.
2. Why is Schedule 2 of the 1949 banking law empty in modern copies?
Schedule 2 of the Banking Regulation Act was repealed by the Repealing and Amending Act of 1957, so it was removed from the active text of the law.
3. What did Schedule 2 of the Banking Regulation Act originally do?
Schedule 2 of the Banking Regulation Act, 1949, originally listed various enactments and laws that were repealed by the passage of this new banking legislation.
Test yourself
1.What is the current status of Schedule 2 of The Banking Regulation Act, 1949?
2.Which Act repealed Schedule 2 of The Banking Regulation Act, 1949?
3.What was the original content of Schedule 2 of The Banking Regulation Act, 1949?
4.Under The Banking Regulation Act, 1949, is Schedule 2 still used to regulate banks today?