Banking Regulation Act, 1949 — back to Table of Contents
Section 45-I. Duty of directors and officers of banking company to assist in the realisation of property
Every director or other officer of a banking company that is being wound up must give such assistance to the official liquidator as the liquidator may reasonably require in connection with the realisation and distribution of the property of the banking company.
Note: Part IIIA was inserted by the Banking Companies (Amendment) Act, 1953.
