Lok Sabha Passes Banking Laws (Amendment) Bill Allowing 4 Account Nominees
The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote. New Delhi: The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase…
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