Law Maker

PART IV MISCELLANEOUS

Section 55A: Power to remove difficulties

The Banking Regulation Act, 1949

1[If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, as occasion requires, do anything (not inconsistent with the provisions of this Act) which appears to it to be necessary for the purpose of removing the difficulty:

Provided that no such power shall be exercised after the expiry of a period of three years from the commencement of section 20 of the Banking Laws (Amendment) Act, 1968 (58 of 1968).]

Footnotes in the official text

  1. 1.Ins. by Act 58 of 1968, s. 20 (w.e.f. 1-2-1969).

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