Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:

Banking Companies are prohibited under Sec 8 of banking Regulation Act

1.	Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:
A.	Indian Contract Act
B.	SARFAESI Act
C.	Government Notification
D.	Banking Regulation Act
Answer» E.