Chapter 3A of The Banking Regulation Act, 1949 (Act No. 10) View all Acts

Special Provisions For Speedy Disposal Of Winding Up Proceedings
3A (IIIA)

Act Details View Act

The Banking Regulation Act, 1949
10
10-03-1949
The Banking Regulation Act, 1949
An Act to consolidate and amend the law relating to banking.
Ministry of Finance
Department of Financial Services

Sections from Chapter 3A of The Banking Regulation Act, 1949 (Act No. 10)

45A - Part IIIA to override other laws.
45B - Power of High Court to decide all claims in respect of banking companies.
45C - Transfer of pending proceedings.
45D - Settlement of list of debtors.
45E - Special provisions to make calls on contributories.
45F - Documents of banking company to be evidence.
45G - Public examination of directors and auditors.
45H - Special provisions for assessing damages against delinquent directors, etc
45-I - Duty of directors and officers of banking company to assist in the realisation of property.
45J - Special provisions for punishing offences in relation to banking companies being wound up.
45K - Omitted.
45L - Public examination of directors and auditors, etc., in respect of a banking company under schemes of arrangement
45M - Special provisions for banking companies working under schemes of arrangement at the commencement of the Amendment Act.
45N - Appeals.
45-O - Special period of limitation
45P - Reserve Bank to tender advice in winding up proceedings
45Q - Power to Inspect
45R - Power to call for returns and information
45S - Chief Presidency Magistrate and District Magistrate to assist official liquidator in taking charge of property of banking company being wound up.
45T - Enforcement of orders and decisions of High Court.
45U - Power of High Court to make rules.
45V - References to directors, etc., shall be construed as including references to past directors, etc.
45W - Part II not to apply to banking companies being wound up
45X - Validation of certain proceedings.