Section 46A of the Banking Regulation Act, 1949 – Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code

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Section 46A: Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code

1[46A. Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code.–2[Every chairman who is appointed on a whole-time basis, managing director, director, auditor], liquidator, manager and any other employee of a banking company shall be deemed to be a public servant for the purposes of Chapter IX of the Indian Penal Code (45 of 1860).]

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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