Section 39A of Banking Regulation Act - Application of Companies Act to liquidators

Section 39A* of Banking Regulation Act 1949: 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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*Ins. by Act 33 of 1959, s. 28 (w.e.f. 1-10-1959)