Section Section 54
(w.e.f: 12-7-1982). 4. Ins. by Act 24 of 1955. s. 10 (w.e.f. 8-5-1955). 5. The w
section 54 (w.e.f: 12-7-1982). 4. Ins. by Act 24 of 1955. s. 10 (w.e.f. 8-5-1955). 5. The words "by or" omitted by Act 58 of 1960,s 3 and the Second Schedule (w.e.f: 26-12-1960) 6. Ins. by Act 58 of 1968, s. 28 (w.e.f. 1-2-1969). Subs. by Act 52 of 1975, s. 20, for sub-section (1) (W.e.f: 16-2-1976)_
60
57. Liquidation of the Bank: (1) Nothing in the '[Companies Act; 1956 (1 of 1956)] shall apply to the Bank and the Bank shall not be placed in liquidation save by order of the ?[Central Government] and in such manner as ?[it may direct]: 4*
S[S7A. Powers of Bank not to apply to International Financial Services Centre:-~Notwithstanding anything contained in any other law for the time being in force, the powers exercisable by the Bank under this Act; shall not extend to an International Financial Services Centre set up under sub-Section (1) of
Roop's Law Assist