Bare ActsThe RESERVE BANK OF INDIA ACT, 1934

Section 57

Liquidation of the Bank

Amendment status not verified — confirm the current text below against the official source.

Liquidation of the Bank.—(1) Nothing in the 4[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 5[Central Government] and in such manner as 6[it may direct]. 7* * * * *

Section 57 – The RESERVE BANK OF INDIA ACT, 1934 | DailyLaw.ai