Reserve Bank to tender advice in winding up proceedings
Section 45P of the Banking Regulation Act, 1949 deals with reserve Bank to tender advice in winding up proceedings. Where in any proceeding for the winding up of a banking company in which any person other than the Reserve Bank has been appointed as the official liquidator and the High Court has directed the official liquidator to obtain the advice of the Reserve Bank on any matter (which it is hereby empowered t The Act came into force on 16 Mar 1949.
1[45P. Reserve Bank to tender advice in winding up proceedings.--Where in any proceeding for the winding up of a banking company in which any person other than the Reserve Bank has been appointed as the official liquidator and the High Court has directed the official liquidator to obtain the advice of the Reserve Bank on any matter (which it is hereby empowered to do), it shall be lawful for the Reserve Bank to examine the record of any such proceeding and tender such advice on the matter as it may think fit.]
Section 45P, The Banking Regulation Act, 1949 (Act 10 of 1949).
Questions about Section 45P
What does Section 45P of the Banking Regulation Act deal with?
Section 45P of the Banking Regulation Act is headed "Reserve Bank to tender advice in winding up proceedings". [45P. Reserve Bank to tender advice in winding up proceedings.--Where in any proceeding for the winding up of a banking company in which any person other than the Reserve Bank has been appointed as the official liquidator and the High Court has directed the official liquidator to obtain the advice o
How do I find court cases under Section 45P 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 45P, section 45P Banking Regulation Act 1949, section 45P 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 45P of the Banking Regulation Act come into force?
Section 45P of the Banking Regulation Act, cited as Banking Regulation Act 1949 45P, 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 21 Oct 2026. This page is not a substitute for legal advice.