Section 42A: Resolution authority — Banking Companies Ordinance, 1962

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42A. Resolution authority.__ Without prejudice to its powers under this Ordinance and any other law for the time being in force, the State Bank shall be the Resolution authority of banking companies and institutions specified under section 3A of this Ordinance.

Effective date: 1962-06-07

Related sections

Section 42: Intervention triggers and powers of the State Bank Section 42B: Resolution objectives Section 41D: Prosecution of directors, chief executives or other officers Section 42C: Resolution planning Section 41C: Limitations Section 42D: Resolution triggers

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