Banking Regulation Act
Banking Regulation Act
IV · Section 55A

Power to remove difficulties

Synced on 07 Jul 2026Text as per India Code

If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, as occasion requires, do anything (not inconsistent with the provisions of this Act) which appears to it to be necessary for the purpose of removing the difficulty:

Provided that no such power shall be exercised after the expiry of a period of three years from the commencement of section 20 of the Banking Laws (Amendment) Act, 1968 (58 of 1968).] [PART V APPLICATION OF THE ACT TO CO-OPERATIVE BANKS

Judgments on Section 55A