The Banking Companies (Acquisition and Transfer of Undertakings) Act

Closure of accounts and disposal of profits

Annual general meeting

Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.

Corresponding new bank deemed to be an Indian company

Vacation of office of Chairman, etc

Bonus

Obligations as to fidelity and secrecy

Custodian to be public servant

Certain defects not to invalidate acts or proceedings

Indemnity

Arrangement with corresponding new bank on appointment of directors to prevail

Construction of references to existing banks

Dissolution

Supersession of Board in certain cases

Power to make regulations

[Repealed.]

Repeal and saving


MISCELLANEOUS


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.

LAWGIST

# 18 Dissolution