Section 57: Liquidation of the Bank

Q: What does Section 57 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 57 RBI Act pertains to "Liquidation of the Bank". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 57 of The Reserve Bank of India Act, 1934 (RBI Act) governs liquidation of the Bank. As verified on 19 May 2026.

Q: Is Section 57 RBI Act still in force?

Yes, Section 57 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 57 RBI Act?

धारा 57 RBI Act is the Devanagari Hindi reference for Section 57 of the The Reserve Bank of India Act, 1934. Section 57 of The Reserve Bank of India Act, 1934 (RBI Act) governs liquidation of the Bank. As verified on 19 May 2026.

Q: What is Dhara 57 RBI Act?

Dhara 57 RBI Act is the Roman Hindi reference for Section 57 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 57 of The Reserve Bank of India Act, 1934 (RBI Act) governs liquidation of the Bank. As verified on 19 May 2026.

Q: How to cite Section 57 of The Reserve Bank of India Act, 1934?

Cite as: "Section 57, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, § 57 (India).

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Thursday, 21 May 2026

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Table of Contents

The Reserve Bank of India Act, 1934

Chapter IVG — eneral Provisions

Section 57

Liquidation of the Bank

(1)

Nothing in the Companies Act, 1956 (1 of 1956) shall apply to the Bank and the Bank shall not be placed in liquidation save by order of the Central Government and in such manner as it may direct.

***