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Section 45R: Power to call for returns and information

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

[45R. Power to call for returns and information.--The Reserve Bank may, at any time by a notice in writing, require the liquidator of a banking company to furnish it, within such time as may be specified in the notice or such further time as the Reserve Bank may allow, any statement or information relating to or connected with the winding up of the banking company; and it shall be the duty of every liquidator to comply with such requirements.

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, shall, as far as may be, be deemed to be a banking company which is being wound up.]

Where this provision sits

ActThe Banking Regulation Act, 1949
Section45R
Marginal notePower to call for returns and information
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.

  • substituted, Act 52 of 1953. . Subs. by Act 52 of 1953, s. 10, for Part IIIA (w.e.f. 30-12-1953).

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