The Banking Regulation Act

Part IIIA to override other laws

Power of High Court to decide all claims in respect of banking companies

Transfer of pending proceedings

Settlement of list of debtors

Special provisions to make calls on contributories

Documents of banking company to be evidence

Public examination of directors and auditors

Special provisions for assessing damages against delinquent directors, et

Duty of directors and officers of banking company to assist in the realisation of property

Special provisions for punishing offences in relation to banking companies being wound up

Omitted

Public examination of directors and auditors, etc., in respect of a banking company under schemes of arrangemen

Special provisions for banking companies working under schemes of arrangement at the commencement of the Amendment Act

Appeals

Special period of limitatio

Reserve Bank to tender advice in winding up proceeding

Power to Inspec

Power to call for returns and informatio

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

Enforcement of orders and decisions of High Court

Power of High Court to make rules

References to directors, etc., shall be construed as including references to past directors, etc

Part II not to apply to banking companies being wound u

Validation of certain proceedings


SPECIAL PROVISIONS FOR SPEEDY DISPOSAL OF WINDING UP PROCEEDINGS


1[45K. [Power of High Court to enforce schemes of arrangements, etc.] Omitted by the Banking
Companies (Amendment) Act, 1959 (33 of 1959), s. 31 (w.e.f. 1-10-1959).]

LAWGIST

# 45K Omitted