1[45P. Reserve 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 Reserve Bank has been
appointed as the official liquidator and the High Court has directed the official liquidator to obtain the
advice of the Reserve Bank on any matter (which it is hereby empowered to do), it shall be lawful for
the Reserve Bank to examine the record of any such proceeding and tender such advice on the matter as
it may think fit.]
1. Subs. by Act 52 of 1953, s. 10, for Part IIIA (w.e.f. 30-12-1953).