Title : Prohibition of Charge on Unpaid Capital
State : Central
Year : 1949
no banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.
View Complete Act List Judgments citing this sectionTitle : Compensation to Be Given to Shareholders of the Acquired Bank
State : Central
Year : 1949
..... undertaking of the acquired bank as it determined in accordance ..... by the central government, or the transferee bank, as the case may be, such compensation in respect of the transfer of the .....
View Complete Act List Judgments citing this sectionTitle : Tribunal to Have Powers of a Civil Court
State : Central
Year : 1949
..... such books or documents part of the record of the proceedings before the tribunal; or (c) to give inspection ..... of account or other documents which the central government, or the reserve bank, claims to be of a confidential .....
View Complete Act List Judgments citing this sectionTitle : Procedure of the Tribunal
State : Central
Year : 1949
..... omission may, at any time, be corrected by the tribunal either of its own motion ..... or arithmetical error in any order of the tribunal or any error arising therein ..... (2) the tribunal may hold the whole or any part of its ..... (1) the tribunal shall have power .....
View Complete Act List Judgments citing this sectionTitle : Duty of Directors and Officers of Banking Company to Assist in the Realisation or Property
State : Central
Year : 1949
every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and distribution of the property of the banking company.
View Complete Act List Judgments citing this sectionTitle : Reserve Bank to Tender Advice in Winding Up Proceeding
State : Central
Year : 1949
..... advice of the ..... the official liquidator and the high court has directed the official liquidator to obtain the ..... it shall be lawful for the reserve bank to examine the record of any such proceeding .....
View Complete Act List Judgments citing this sectionTitle : Power to Inspect
State : Central
Year : 1949
..... may bring such irregularity to the notice of the high court for such action ..... to and hearing the central government in regard to the report, give such ..... , on being directed so to do by the central government or by the high court, cause an inspection to be .....
View Complete Act List Judgments citing this sectionTitle : Power to Call for Returns and Information
State : Central
Year : 1949
..... or connected with the winding up of the banking company; and it shall be the duty of every ..... be specified in the notice or such further time as the reserve bank may ..... any time by a notice in writing, require the liquidator of a banking company to furnish it, .....
View Complete Act List Judgments citing this sectionTitle : References to Directors, Etc., Shall Be Construed as Including References to Past Directors, Etc
State : Central
Year : 1949
..... director, manager, liquidator, officer or auditor of the banking company. ..... for the removal of doubts it is hereby declared that .....
View Complete Act List Judgments citing this sectionTitle : Part Ii Not to Apply to Banking Companies Being Wound Up
State : Central
Year : 1949
nothing contained in part ii shall apply to a banking company which is being wound up.
View Complete Act List Judgments citing this section