WHAT DO YOU MEAN BY BANKING COMPANIES? Ans: According to section 5(b) Banking regulation act 1949 Banking means the acceptance for the purpose of landing or investment deposit money from public,other or therwise.
What do you mean by memorandum of association? Ans- memorandum Of Association contains the object of the company and hence identifies the possible scope of its operations it defines company power beyond which a company cannot go ultra vires and becomes void.
Amalgamation is a precess where two or more company's running same nature of buishness goes for amalgamation and a new company is formed to take over the buishness of the company;where is to be amalgamate is called amalgamation