fact, which may relate to or arise in the course of the winding up of a banking company, whether such claim or question has arisen ... made before or after the date of the order for the winding up of the banking company or before or after the commencement
such fees as may be prescribed for the inspection. Chapter IX Winding Up of Chits.
38. When chit may be wound up.
- A chit registered ... wound up only by the court having jurisdiction under that Act. 39. Winding up application.
- The application to the court for the winding
machines and
the motor lorry were made in the course of the winding up of
the assessee's business after the business had been ... machines and the motor
lorry were made in the course of the winding up of the
assessee's business after the business had been
directors and auditors:-
(1) Where an order has been made for the winding up of a banking company.the offieial liquidator shall submit a report
official liquidator shall, within six months from the date of the winding Up order or the commencement of the Banking Companies (Amendment) Act, 1953, whichever
commencing from the date of the presentation of the petition for the winding up of the banking company shall be excluded. (2) Notwithstanding anything ... banking company in respect of which a petition for the winding up has been presented before the commencement of the Banking Companies (Amendment
Banking Companies Act, 1949
45C. Transfer of pending proceedings:-
(1) Where a winding up order is made or has been made in respect ... Companies (Arnendment) Act, 1953, or the date of the order for the winding up of the banking company, whichever is later, shall be proceeded with
Section 38 in Banking Companies Act, 1949
38. Winding up by High Court
(1) Without prejudice to the provisions contained in section 162 or section ... Court “.} [High Court] shall order the winding up of a banking company if it is unable to pay its debts and the [Subs
direct the Reserve Bank to apply under section 38 for the winding up of the banking company: Provided that the Central Government may defer
against the directors of the banking company in respect of which the winding up order has been made before the commencement of the Banking Companies
