The Banking Regulation Act, 1949

Section 39A. Application of Companies Act to liquidators

In force · As amended up to 2026-08

6[ 39A. Application of Companies Act to liquidators .—(1) All the provisions of the Companies Act, 1956 (1 of 1956), relating to a liquidator, in so far as they are not inconsistent with this Act, shall apply to or in relation to a liquidator appointed under section 38A or section 39. 1. Ins. by Act 52 of 1953, s. 6 (w.e.f. 30-12-1953). 2. Sub-sections (2) and (3) omitted by Act 95 of 1956, s. 14 and Sch. (w.e.f. 14-1-1957). 3. S. 39 has been amended by Acts 52 of 1953, ss. 4 and 7; Act, s. 53 and the IV Sch.; Act 79 of 1956, s. 43 and the Sch. II; Act 95 of 1956, s. 14 and Sch.; Act 33 of 1959, s. 27 and Act 37 of 1960, s. 2 to read as above. 4. S. 39 re-numbered as sub-section (1) thereof by Act 58 of 1968, s. 16 (retrospectively). 5. Ins. by s. 16, ibid . (with retrospective effect). 6. Ins. by Act 33 of 1959, s. 28 (w.e.f. 1-10-1959). (2) Any reference to the "official liquidator" in this Part and Part IIIA shall be construed as including a reference to any liquidator of a banking company.]

Source: India Code

How this section changed

  1. inserted by Act 33 of 1959, s. 28

    In force from 1 Oct 1959

    Footnote: 6. Ins. by Act 33 of 1959, s. 28 (w.e.f. 1-10-1959).