57. Liquidation of the Bank
(1)
Nothing in the [Companies Act, 1956 (1 of 1956)] shall apply to the Bank and the Bank shall not be placed in liquidation save by order of the [Central Government] and in such manner as [it may direct].
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Amendment notes (4)
- Subs w.e.f. 8-6-1957 . Subs. by Act 19 of 1957, s. 5, for "Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 8-6-1957).
- Subs . Subs. by the M.O. 1937, for "G.G. in C.".
- Subs . Subs. by ibid., for "he may direct".
- omitted w.e.f. 1-1-1949 . Sub-section (2) omitted by Act 62 of 1948, s. 7 and the Schedule (w.e.f. 1-1-1949).