Section 45ACentral Act

Section 45A: Part IIIA to override other laws.

The Banking Regulation Act, 1949

¹[45A. Part IIIA to override other laws.--The provisions of this Part and the rules made thereunder shall have effect notwithstanding anything inconsistent therewith contained in the ²[Companies Act, 1956 (1 of 1956)] or the Code of Civil Procedure, 1908 (5 of 1908) of the ³[Code of Criminal Procedure, 1973 (2 of 1974)] or any other law for the time being in force or any instrument having effect by virtue of any such law; but the provisions of any such law or instrument in so far as the same are not varied by, or inconsistent with, the provisions of this Part or rules made thereunder shall apply to all proceedings under this Part.]

1. Subs. by Act 52 of 1953, s. 10, for Part IIIA (w.e.f. 30-12-1953).
2. Subs. by Act 95 of 1956, s. 14 and the Schedule, for "Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 14-1-1957).
3. Subs. by Act 1 of 1984, s. 35, for "Code of Criminal Procedure 1898 (5 of 1898)" (w.e.f. 15-2-1984).

Sec 45-O — Special period of limitation

Sec 45B — Power of High Court to decide all claims in respect of banking companies.

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