Section 45V of Banking Regulation Act - References to directors, etc., shall be construed as including references to past directors, etc. Section 45w Part II not to apply to banking companies being wound up

Section 45v of Banking Regulation Act 1949: References to directors, etc., shall be construed as including references to past directors, etc. Section 45w Part II not to apply to banking companies being wound up

For the removal of doubts it is hereby declared that any reference in this Part to a director, manager, liquidator, officer or auditor of a banking company shall be construed as including a reference to any past or present director, manager, liquidator, officer or auditor of the banking company.

 

 

 

Section 45W Part II not to apply to banking companies being wound up

Nothing contained in Part II shall apply to a banking company which is being wound up.

Banking Regulation Act 1949

Section 45O Special period of limitation

Section 45P Reserve Bank to tender advice in winding up proceedings

Section 45Q Power to inspect

Section 45R Power to call for returns and information

Section 45S Chief Presidency Magistrate and District Magistrate to assist official liquidator in taking charge of property of banking company being wound up

Section 45T Enforcement of orders and decisions of High Court

Section 45U Power of High Court to make rules

Section 45v References to directors, etc., shall be construed as including references to past directors, etc. Section 45w Part II not to apply to banking companies being wound up

Section 45x Validation of certain proceedings

Section 45y Power of Central Government to make rules for the preservation of records

Section 45z Return of paid instruments to customers

Section 45za Nomination for payment of depositors money

Section 45zb Notice of claims of other persons regarding deposits not receivable

Section 45zc Nomination for return of articles kept in safe custody with banking company

Section 45zd Notice of claims of other persons regarding articles not receivable

Section 45ze Release contents of safety Release of lockers

Section 45zf Notice of claims of other persons regarding safety lockers not receivable

Section 46 Penalties

Section 47 Cognizance of offences

Section 47A Power of Reserve Bank to impose penalty