Section 74: State Bank to tender advice in winding up proceedings
The Banking Companies Ordinance, 1962 · Federal Acts · IV · in_force
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74. State 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 State Bank has been appointed as the official liquidator and the High Court has directed the official liquidator to obtain the advice of the State Bank on any matter (which it is hereby empowered to do), it shall be lawful for the State Bank to examine the record of any such proceeding and tender such advice on the matter as it may think fit.
Effective date: 1962-06-07
Related sections
Section 73: Special period of limitationSection 75: Power to inspectSection 72: AppealsSection 76: Power to call for returns and informationSection 71: Special provisions for banking companies working under schemes of arrangement at the commencement of the OrdinanceSection 77: District Magistrate to assist official liquidator in taking charge of property of banking company being wound up
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