Section 46A
Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
1[46A. Chairman, director, etc., to be public servants for the purposes of Chapter IX of the
Indian Penal Code.--2[Every chairman who is appointed on a whole-time basis, managing director,
director, auditor], liquidator, manager and any other employee of a banking company shall be deemed
to be a public servant for the purposes of Chapter IX of the Indian Penal Code (45 of 1860).]
Notes
1. Ins. by Act 95 of 1956, s. 10 (w.e.f. 14-1-1957).
2. Subs. by Act 20 of 1994, s. 9, for "Every chairman, director, auditor" (w.e.f. 31-1-1994).
2. Subs. by Act 20 of 1994, s. 9, for "Every chairman, director, auditor" (w.e.f. 31-1-1994).