(1) There shall be attached to every High Court a court liquidator to be appointed by the Central Government for the purpose of conducting all proceedings for the winding up of banking companies and performing such other duties in reference thereto as the High Court may impose.
**
(4) Where having regard to the number of banking companies wound up and
other circumstances of the case, the Central Government is of opinion that
it is not necessary or expedient to attach for the time being a court
liquidator to a High Court, it may, from time to time, by notification in
the Official Gazette, direct that this section shall not have effect in
relation to that High Court.
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*Ins. by Act 52 of 1953, s. 6 (w.e.f. 30-12-1953)
**Omitted by Act 95 of 1956, s. 14 and Schedule (w.e.f. 14-1-1957)
Section 31 Submission of returns
Section 32 Copies of balance-sheets and accounts to be sent to registrar
Section 33 Display of audited balance-sheet by companies incorporated outside India
Section 34 Accounting provisions of this Act not retrospective
Section 34A Protection of documents of confidential nature
Section 36 Further powers and functions of Reserve Bank
Section 36A Certain provisions of the Act not to apply to certain banking companies
Section 36AA Power of Reserve Bank to remove managerial and other persons from office
Section 3CA Supersession of Board of Directors in certain cases
Section 36AD Punishments for certain activities in relation to banking companies
Section 36AF Power of the Central Government to make scheme
Section 36AG Compensation to be given to shareholders of the acquired bank
Section 36AH Constitution of the Tribunal
Section 36AI Tribunal to have powers of a civil court Section 36AJ Procedure of the Tribunal
Section 36B High Court defined
Section 37 Suspension of business
Section 38 Winding up by High Court
Section 39 Reserve Bank to be official Liquidator