LawgistThe Banking Companies (Acquisition and Transfer of Undertakings) Act
18Dissolution
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.
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MISCELLANEOUS
- 10 Closure of accounts and disposal of profits
- 10A Annual general meeting
- 10B Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.
- 11 Corresponding new bank deemed to be an Indian company
- 12 Vacation of office of Chairman, etc
- 12A Bonus
- 13 Obligations as to fidelity and secrecy
- 14 Custodian to be public servant
- 15 Certain defects not to invalidate acts or proceedings
- 16 Indemnity
- 16A Arrangement with corresponding new bank on appointment of directors to prevail
- 17 Construction of references to existing banks
- 18 Dissolution
- 18A Supersession of Board in certain cases
- 19 Power to make regulations
- 20 [Repealed.]
- 21 Repeal and saving
