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Banking Companies Ordinance, 1962

Topic Serial # Content Case Law
 

SPECIAL PROVISIONS FOR SPEEDY DISPOSAL OF WINDING UP PROCEEDINGS

 
60 Part IV to override other Laws
61 Power of High Court to decide all claims in respect of banking companies
62 Transfer of pending proceedings
63 Settlement of list of debtors
64 Special provisions to make calls on contributories
65 Documents of banking company to be evidence
66 Public examination of directors and auditors
67 Special provisions for assessing damages against delinquent directors, etc
68 Duty of directors and officers of banking company to assist in the realisation of property
69 Special provisions for punishing offences in relation to banking companies being wound up
70 Public examination of directors and auditors, etc., in respect of a banking company under scheme of arrangement
71 Special provisions for banking companies working under schemes of arrangement at the commencement of the Ordinance
72 Appeals
73 Special period of limitation
74 State Bank to tender advice in winding up proceedings
75 Power to inspect
76 Power to call for returns and information
77 District Magistrate to assist official liquidator in taking charge of property of banking company being wound up
78 Enforcement of orders and decisions of High Court
79 Power of High Court to make rules
80 References to directors, etc., shall be construed as including reference to past directors, etc
81 Part II not to apply to banking companies being wound up
82 Validation of certain proceedings
 

PART--IVA

 
 

BANKING MOHTASIB

 
82 82-A ppointment of Mohtasib
82 82-B Terms and conditions of the Banking Mohtasib
82 82-C Reference to Banking Mohtasib by Court
82 82-D Procedure for making complaints
82 82-E Recommendations for implementation
82 82-F Power to call for information
82 82-G Report of Banking Mohtasib
 

PART--V

 
 

MISCELLANEOUS

 
83 Penalties Case Law
83 83-A Dishonest removal of pledged goods
84 Cognizance of offences, etc Case Law
85 Application of fines
86 Special provisions for private banking companies
87 Restriction on acceptance of deposits withdraw able by cheques
88 Change of name by a banking company
89 Alteration of memorandum of banking company
90 Certain claims for compensation barred
91 Application of certain provisions to banking company incorporated by special enactments of the Federal Legislature
91 91-A Application of other laws barred
91 91-B Removal of difficulties
92 Power of Federal Government to make rules
93 Power to exempt in certain cases
93 93-A Exemption of Officers, etc. from liability
93 93-B Exemption from requirement of licence
93 93-C Exchange of information
93 93-D Continuance of charge and priority
94 Protection of action taken in good faith
95 Repeals
 

THE FIRST SCHEDULE

 
 

(See Section 95)

 
 

REPEALS

 
1 Omitted
 

THE SECOND SCHEDULE

 
 

THE BANKING COMPANIES ORDINANCE, 1962

 
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