Definition of 'banking company' and 'co-operative bank' added to Finance Act to align with banking regulatory framework. Section 94 of the Finance Act is amended to insert definitions: banking company-a company subject to the national banking regulatory framework and including banks referenced in its provisions-and co operative bank-as defined in the specified part of that regulatory framework; these insertions align the Finance Act's terminology with banking regulatory definitions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definition of 'banking company' and 'co-operative bank' added to Finance Act to align with banking regulatory framework.
Section 94 of the Finance Act is amended to insert definitions: banking company-a company subject to the national banking regulatory framework and including banks referenced in its provisions-and co operative bank-as defined in the specified part of that regulatory framework; these insertions align the Finance Act's terminology with banking regulatory definitions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
