"The Speaker has agreed it (consideration and passage the Banking Laws (Amendment) Bill 2011) to be postponed," Deputy Speaker Karia Munda announced in the house.
Dasgupta has objected to taking up of the important financial reform Bill, saying that the government did not follow the procedure for consideration of the legislation in the House.
The Banking Laws (Amendment) Bill seeks to amend three Acts -- the Banking Regulation Act 1949, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
The consequent changes in the comprehensive amendment Bill will pave way for corporates to set up banks in the country.
The Standing Committee on Finance, which has reviewed the Bill, has suggested limiting voting rights of investors in the private sector banks to 26 per cent with a view to maintaining a balance between economic control and promoting corporate democracy.
The Banking Laws (Amendment) Bill 2011, introduced in the Lok Sabha in March, 2011, had proposed providing voting rights to investors commensurate with their shareholding in the private sector banks.
At present, the voting right is capped at 10 per cent. MORE
