Banking Companies (Second Amendment) Act, 1960
Bare Act
Section 1
Short title.
This Act may be called the Banking Companies (Second Amendment) Act, 1960.
Section 2
[Amendment of section 39
Section 3
[Substitution of new sections for section 41
Section 4
[Substitution of new section for section 43A
Section 5
[Amendment of section 44A
Section 6
[Insertion of new section 45
Section 7
[Amendment of section 45L
Section 8
[Amendment of section 50
Section 9
[Amendment of section 51
Section 10
Certain winding-up proceedings to be governed by original provisions.
The amendments made in the principal Act by section 3 and section 4 shall not apply to, and in relation to, the winding-up of a banking company where any preliminary dividend has been paid in the course of such winding-up before the commencement of this Act, but the provisions of the principal Act as they stood immediately before such commencement shall apply to, and in relation to, such winding-up.