Banking Regulation Act,1949 |
Act No : 10 of 1949 |
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Contents of Act: |
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| SECTION( 45. ) Power of Reserve Bank to apply to Central Government for suspension ofbusiness by a banking company and to prepare scheme of reconstitutionor amalgamation. |
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| SECTION( PART ) SPECIAL PROVISIONS FOR SPEEDY DISPOSAL OF WINDING UP PROCEEDINGS |
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| SECTION( 45A. ) Part IIIA to override other laws. |
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| SECTION( 45B. ) Power of High Court to decide all claims in respect of bankingcompanies. |
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| SECTION( 45C. ) Transfer of pending proceedings. |
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| SECTION( 45D. ) Settlement of list of debtors. |
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| SECTION( 45E. ) Special provisions to make calls on contributories. |
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| SECTION( 45F. ) Documents of banking company to be evidence. |
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| SECTION( 45G. ) Public examination of directors and auditors. |
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| SECTION( 45H. ) Special provisions for assessing damages against delinquent directors,etc. |
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