Section 14Central Act
Section 14: Prohibition of charge on unpaid capital.
No banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.
Previous
Sec 13 — Restriction on commission, brokerage, discount, etc., on sale of shares.
Next
Sec 14A — Prohibition of floating charge on assets.
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.