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[Cites 0, Cited by 0] [Section 571] [Entire Act]

Union of India - Subsection

Section 571(2) in The Companies Act, 1956

(2)If the banking company omits to give the notice required by sub-section (1), then, as between the company and the person for the time being interested in the account in respect of which the notice ought to have been given, and so far as respects the account down to the time at which notice is given, but not further or otherwise, the certificate of registration with limited liability shall have no operation.