# 45P    Reserve Bank to tender advice in winding up proceeding

1[45P. Reserve Bank to tender advice in winding up proceedings.--Where in any proceeding for the winding up of a banking company in which any person other than the Reserve Bank has been appointed as the official liquidator and the High Court has directed the official liquidator to obtain the advice of the Reserve Bank on any matter (which it is hereby empowered to do), it shall be lawful for the Reserve Bank to examine the record of any such proceeding and tender such advice on the matter as it may think fit.]

Download our fully-offline, High speed android app.- Click here

  • 1. Subs. by Act 52 of 1953, s. 10, for Part IIIA (w.e.f. 30-12-1953).

Lawgist is not a law firm and does not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and are not intended to be a substitute for professional legal advice. Use of this site is subject to our Terms and Conditions, Disclaimer, and Privacy Policy.