2. Interpretation

(1) In these rules, --

(a) 'the Act' means the Banking Regulation Act, 1949;

[1][(aa) 'ineligible Director' means a Director who is not eligible under clause (a) or clause (b) of sub-section (2) of section 10A of the Act;]

(b) 'principal office of the Reserve Bank' means the office of the Reserve Bank to which the returns prescribed under the Act or these rules are required to be submitted;

(c) 'principal office of the banking company' means the office of the banking company which will be responsible for the submission of returns prescribed under the Act or these rules;

(d) 'quarter' means a period of three months ending on the last day of March, June, September or December of any year;

(e) 'place of business' of a banking company includes any sub-office, pay-office, sub-pay-office and any place of business at which deposits are received, [2][cheques cashed, moneys lent or any other form of business referred to in sub-section (1) of section 6 of the Act is transacted.]

(f) 'commencement of these rules' means, --

(i) in the case of any banking company whose registered office or principal place of business referred to in sub-rule (2) of rule 3 is or was in --

(A) the territories merged in the former Part A States, or

(B) the States of Hyderabad, Mysore, Travancore-Cochin, Bhopal, Manipur and Tripura, as these States existed before the 1st day of November, 1956, or