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.

(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]. 4 * * * * *

Section 57 – The Reserve Bank of India Act, 1934 | DailyLaw.ai