ASection 45 H
BSection 38 A
CSection 35 B
DSection 42 C
Answer:
B. Section 38 A
Read Explanation:
BR Act:
The BR Act and the RBI Act empower the Reserve Bank to supervise and regulate the operations of all types of banks in India.
Banking Companies Act 1949
Act 10 of 1949
Banking Companies Act was passed in : 10-3-1949
Came into force in : 16-3-1949
Banking Companies Act was renamed as Banking Regulation Act in : 1966
Banking Regulation Act was applicable to Co-operative Societies in 1965 and came in to force on 1.3.1966
Total Number Sections in BR Act - 56
Total number of Schedules in BR Act - 5
5 parts
5 Schedules
Section 38 A-Court Liquidator
There shall be attached to every High Court a Court Liquidator to be appointed by Central Government - conducting all proceedings for the winding up of banking companies