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Section 39 A – The Banking Regulation Act,1949

The Banking Regulation Act,1949

Section 39A. Application of Companies Act to liquidators

1[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.]

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1. Inserted by 33 of 1959, Section 28 w.e.f. 1-10-1959.

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The Banking Regulation Act,1949

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