Section 39A of the Banking Regulation Act, 1949 – Application of Companies Act to liquidators

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Section 39A: Application of Companies Act to liquidators

1[39A. Application of Companies Act to liquidators.–(1) All the provisions of the Companies Act, 1956 (1 of 1956), relating to a liquidator, in so far as they are not inconsistent with this Act, shall apply to or in relation to a liquidator appointed under section 38A or section 39.

  • (2) Any reference to the “official liquidator” in this Part and Part IIIA shall be construed as including a reference to any liquidator of a banking company.]

Source: official text of The Banking Regulation Act, 1949 as published on India Code (PDF). All sections of the Banking Regulation Act, 1949.

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