Banking Regulation Act,1949 |
Act No : 10 of 1949 |
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Contents of Act: |
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| SECTION( 39A. ) Application of Companies Act to liquidators. |
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| SECTION( 40. ) Stay of proceedings. |
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| SECTION( 41. ) Preliminary report by official liquidator. |
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| SECTION( 41A. ) Notice to preferential claimants and secured and unsecured creditors. |
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| SECTION( 42. ) Power to dispense with meetings of creditors, etc. |
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| SECTION( 43. ) Booked depositors' credits to be deemed proved. |
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| SECTION( 43A. ) Preferential payments to depositors. |
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| SECTION( 44. ) Powers of High Court in voluntary winding up. |
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| SECTION( 44A. ) Procedure for amalgamation of banking companies. |
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| SECTION( 44B. ) Restriction on compromise or arrangement between banking company andcreditors. |
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