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Section 38A: Court liquidator.

The Banking Regulation Act, 1949Central Act · Act 10 of 1949

[38A. Court Liquidator.--(1) There shall be attached to every High Court a court liquidator to be appointed by the Central Government for the purpose of conducting all proceedings for the winding up of banking companies and performing such other duties in reference thereto as the High Court may impose.

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(4) Where having regard to the number of banking companies wound up and other circumstances of the case, the Central Government is of opinion that it is not necessary or expedient to attach for the time being a court liquidator to a High Court, it may, from time to time, by notification in the Official Gazette, direct that this section shall not have effect in relation to that High Court.]

Where this provision sits

ActThe Banking Regulation Act, 1949
Section38A
Marginal noteCourt liquidator.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 52 of 1953. . Ins. by Act 52 of 1953, s. 6 (w.e.f. 30-12-1953).

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