Banking Companies (Second Amendment) Act, 1960

1. Section 1

Short title.—This Act may be called the Banking Companies (Second Amendment) Act, 1960. 1* * * * * 10. Certain winding-up proceedings to be governed by original provisions.—The amendments made in the principal Act by section 3 and section 4 shall not apply to, and in relation to, the winding-up of a banking company where any preliminary dividend has been paid in the course of such winding-up before the commencement of this Act, but the provisions of the principal Act as they stood immediately before such commencement shall apply to, and in relation to, such winding-up. 1. Sections 2 to 9 rep. by Act 52 of 1964, s. 2 and the First Schedule (w.e.f. 29-12-1964).