Section 45

Liquidation of Financial Corporation.

The State Financial Corporations Act, 1951

  • Act 63 of 1951
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to provide for the establishment of State Financial Corporations.

All sections
    No provision of law relating to the winding up of companies or corporations shall apply to the Financial Corporation, and the Financial Corporation shall not be placed in liquidation, save by order of the State Government and in such manner as it may direct.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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