Duty of directors and officers of banking company to assist in the realisation of property
Section 45-I of the Banking Regulation Act, 1949 deals with duty of directors and officers of banking company to assist in the realisation of property. Every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and distribution of the property of the banking company.] The Act came into force on 16 Mar 1949.
1[45-I. Duty of directors and officers of banking company to assist in the realisation of property.--Every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and distribution of the property of the banking company.]
Section 45-I, The Banking Regulation Act, 1949 (Act 10 of 1949).
Questions about Section 45-I
What does Section 45-I of the Banking Regulation Act deal with?
Section 45-I of the Banking Regulation Act is headed "Duty of directors and officers of banking company to assist in the realisation of property". [45-I. Duty of directors and officers of banking company to assist in the realisation of property.--Every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and d
How do I find court cases under Section 45-I of the Banking Regulation Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Banking Regulation Act 1949 45-I, section 45-I Banking Regulation Act 1949, section 45-I of the Banking Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 45-I of the Banking Regulation Act come into force?
Section 45-I of the Banking Regulation Act, cited as Banking Regulation Act 1949 45-I, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.
Other sections of this Act
- 56. Act to apply to co-operative societies subject to modifications5544 words
- 45. Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation2310 words
- 10B. Banking company to be managed by whole time chairman1171 words
- 5. Interpretation1164 words
- 43A. Preferential payments to depositors1031 words
- 11. Requirement as to minimum paid-up capital and reserves988 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 26 Oct 2026. This page is not a substitute for legal advice.