Section 29A: Power in respect of associate enterprises.

Q: What does Section 29A of The Banking Regulation Act, 1949 (BR Act) deal with?

Section 29A BR Act pertains to "Power in respect of associate enterprises.". It is part of the The Banking Regulation Act, 1949, a legislation enacted by the Parliament of India. Section 29A of The Banking Regulation Act, 1949 (BR Act) governs power in respect of associate enterprises. As verified on 22 May 2026.

Q: Is Section 29A BR Act still in force?

Yes, Section 29A of the The Banking Regulation Act, 1949 is currently in force across the Republic of India.

Q: What is धारा 29A BR Act?

धारा 29A BR Act is the Devanagari Hindi reference for Section 29A of the The Banking Regulation Act, 1949. Section 29A of The Banking Regulation Act, 1949 (BR Act) governs power in respect of associate enterprises. As verified on 22 May 2026.

Q: What is Dhara 29A BR Act?

Dhara 29A BR Act is the Roman Hindi reference for Section 29A of the The Banking Regulation Act, 1949. "Dhara" means "Section" in Hindi. Section 29A of The Banking Regulation Act, 1949 (BR Act) governs power in respect of associate enterprises. As verified on 22 May 2026.

Q: How to cite Section 29A of The Banking Regulation Act, 1949?

Cite as: "Section 29A, The Banking Regulation Act, 1949 (BR Act)" in legal briefs. For academic writing, use the BlueBook format: The Banking Regulation Act, 1949, 1949, § 29A (India).

Law on Tips Editorial Board

1[29A. Power in respect of associate enterprises.—(1) The Reserve Bank may, at any time, direct direct a banking company to annex to its financial statements or furnish to it separately, within such time and at such intervals as may be specified by the Reserve Bank, such statements and information relating to the business or affairs of any associate enterprise of the banking company as the Reserve Bank may consider necessary or expedient to obtain for the purpose of this Act.

(2) Notwithstanding anything to the contrary contained in the Companies Act, 1956 (1 of 1956), the Reserve Bank may, at any time, cause an inspection to be made of any associate enterprise of a banking company and its books of account jointly by one or more of its officers or employees or other persons along with the Board or authority regulating such associate enterprise.

(3) The provisions of sub-sections (2) and (3) of section 35 shall apply mutatis mutandis to the inspection under this section.

Explanation.—"associate enterprise " in relation to a banking company includes an enterprise which—