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Public examination of directors and auditors, etc., in respect of a banking company under scheme of arrangement

(1) Where an application for sanctioning a compromise or arrangement in respect of a banking company is made under section 153 of the Companies Act, 1913 (VII of 1913), or whether on a report of the State Bank or otherwise, that any person who has taken part in the promotion or formation of that banking company or has been a director or auditor ...


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