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Section 6: Amendment in section 5 of the Bihar Act, 18 of 2002 - sub-section (1) and (2) of section 5 of the said Act shall be substituted by the following

The Bihar Protection of Interest of Depositors (In Financial Establishments) (Amendment) Act, 2013State Act of Bihar · Act 19 of 2013

"(1) The Competent Authority shall exercise control over the money and the properties attached, by the Government order under section 4 of a Financial Establishment.

(2) The Competent Authority shall take such necessary actions as are necessary or expedient for taking physical possession of all the moneys and assets of the concerned financial establishment expeditiously and the Competent Authority shall have all the power which are necessary for the aforesaid purpose."

Where this provision sits

ActThe Bihar Protection of Interest of Depositors (In Financial Establishments) (Amendment) Act, 2013
Section6
Marginal noteAmendment in section 5 of the Bihar Act, 18 of 2002 - sub-section (1) and (2) of section 5 of the said Act shall be substituted by the following
JurisdictionState of Bihar
StatusIn force as published by the source

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