The State Financial Corporations Act

Power to give instructions to Financial Corporation on questions of policy

Declaration of fidelity and secrecy

Indemnity of directors

Protection of action taken by persons appointed under section 27 or section 32A

Nomination in respect of deposits, bonds, etc

Offences

Provisions relating to income-tax and super-tax

Delegation of powers

Reports to the Board

Act 18 of 1891 to apply to the books of the Financial Corporation

Liquidation of Financial Corporation

Power to apply Act to certain financial institutions in existence at commencement of Act

Extension of jurisdiction of the Financial Corporation to other States by   agreement

Effect of Act on other laws

Omitted 

Power of Board to make regulations

Laying of rules and regulations before State Legislature

Power to make rules

Power to remove difficulty


MISCELLANEOUS


No provision of law relating to the winding up of
companies or corporations shall apply to the Financial Corporation, and the Financial Corporation shall
not be placed in liquidation, save by order of the State Government and in such manner as it may direct.


LAWGIST

# 45 Liquidation of Financial Corporation