Banking Regulation Act,1949 |
Act No : 10 of 1949 |
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Contents of Act: |
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SECTION( 39A. ) Application of Companies Act to liquidators. | |
SECTION( 40. ) Stay of proceedings. | |
SECTION( 41. ) Preliminary report by official liquidator. | |
SECTION( 41A. ) Notice to preferential claimants and secured and unsecured creditors. | |
SECTION( 42. ) Power to dispense with meetings of creditors, etc. | |
SECTION( 43. ) Booked depositors' credits to be deemed proved. | |
SECTION( 43A. ) Preferential payments to depositors. | |
SECTION( 44. ) Powers of High Court in voluntary winding up. | |
SECTION( 44A. ) Procedure for amalgamation of banking companies. | |
SECTION( 44B. ) Restriction on compromise or arrangement between banking company andcreditors. |