Banking Companies (Acquisition and Transfer of Undertakings) Act : Dissolution. Indian Bare Acts :

Banking Companies (Acquisition and Transfer of Undertakings) Act,1980

Act No : 40

Section : Dissolution.

18. Dissolution. No provision of law relating to winding up of corporations shall apply to a corresponding new bank and no corresponding new bank shall be placed in liquidation save by order of the Central Government and in such manner as it may direct.