Multiple choice

______________ may apply to the High Court for winding up of a banking company under Section 38 of the Banking Regulations Act.

  1. Registrar of Companies

  2. Reserve Bank

  3. Central Government

  4. Finance Ministry

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reserve Bank shall make an application under Section 38 of the Banking Regulations Act for winding up of a company.