Bare ActsThe State Bank of India Act, 1955

Section 45

Bar to liquidation of State Bank.

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

No provision of law relating to the winding up of companies shall apply to the State Bank, and the State Bank shall not be placed in liquidation save by order of the Central Government and in such manner as it may direct.

Amended up to 2018-11-19View on India Code →
Section 45 – The State Bank of India Act, 1955 | DailyLaw.ai