1999 (1) TMI 409

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oner is its shareholder. The petitioners filed an application as per Annexure - D dated 8-7-1997 to the Reserve Bank of India for registration under section 45(IA) of the Reserve Bank of India Act. The said application was returned vide Annexure-H on the ground that a non-banking company should have submitted application before 8-7-1997 and the application was not submitted by the petitioner withi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ', and, for the purpose of including the last in a series of days or any other period of time, to use the word 'to'." A reading of the above provision makes it clear that for the purpose of commencement of time, the first in a series of days or any other period of time must be excluded. Admittedly the application was submitted by the petitioners on 8-7-1997. If the first day is excluded as contem .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X