(1) Nothing in the 1[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 2[Central Government] and in such manner as 3[it may direct].
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Footnotes in the official text
- 1.Subs. by Act 19 of 1957, s. 5, for “Indian Companies Act, 1913 (7 of 1913)” (w.e.f. 8-6-1957).
- 2.Subs. by the M.O. 1937, for “G.G. in C.”.
- 3.Subs. by ibid., for “he may direct”.
- 4.Sub-section (2) omitted by Act 62 of 1948, s. 7 and Sch. (w.e.f. 1-1-1949).