Bare ActsThe State Financial Corporations Act, 1951

Section 45

Liquidation of Financial Corporation.

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

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

Section 45 – The State Financial Corporations Act, 1951 | DailyLaw.ai