Section 39A of The Banking Regulation Act, 1949 View Chapter 3

Application of Companies Act to liquidators.


   1[39A.  Application of Companies Act to liquidators.-- (1)  All the provisions of the Companies Act, 1956 (1 of 1956), relating to a liquidator, in so far as they are not inconsistent with this Act, shall apply to or in relation to a liquidator appointed under section 38A or section 39.

   (2)  Any reference to the "official liquidator" in this Part and Part IIIA shall be construed as including a reference to any liquidator of a banking company.]

1Ins. by Act 33 of 1959, s. 28 (w.e.f. 1-10-1959).