Section 52: Application of Companies Act to liquidators

52. Application of Companies Act to Liquidators.__ (1) All the provisions of 1[the Companies Act, 2017 (XIX of 2017)], relating to a liquidator, and so far as they are not inconsistent with this Ordinance, shall apply to or in relation to a liquidator appointed under section 50 or section 51 1[:] 1[Provided that such a liquidator shall provide any assistance as the Deposit Protection Corporation may seek for the re-imbursement of protected deposits and its other claims in a timely manner.] (2) Any reference to the "official liquidator" in this Part and Part IV shall be construed as including a reference to any liquidator of a banking company.

Effective date: 1962-06-07

Related sections