No provision of law relating to winding up of corporations shall apply to a corresponding new bank and no corresponding new bank shall be placed in liquidation save by order of the Central Government and in such manner as it may direct.
Section 18: Dissolution
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970Central Act · Act 5 of 1970
Where this provision sits
| Act | The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 |
|---|---|
| Section | 18 |
| Marginal note | Dissolution |
| Jurisdiction | Central |
| Status | In force as published by the source |
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