Banking Regulation Act, 1949 — back to Table of Contents
Section 45R. Power to call for returns and information
The Reserve Bank may, at any time, by written notice, require the liquidator of a banking company to furnish it, within the time specified in the notice (or such further time as the Reserve Bank allows), any statement or information relating to the winding up of the banking company. Every liquidator must comply with such a requirement.
Explanation.—For the purposes of this section and section 45Q, a banking company working under a compromise or arrangement but prohibited from receiving fresh deposits is, so far as possible, deemed to be a banking company being wound up.
Note: Part IIIA was inserted by the Banking Companies (Amendment) Act, 1953.
