1[46A. Chairman, director, etc., to be public servants for the purposes of Chapter IX of the Indian Penal Code.--2[Every chairman who is appointed on a whole-time basis, managing director, director, auditor], liquidator, manager and any other employee of a banking company shall be deemed to be a public servant for the purposes of Chapter IX of the Indian Penal Code (45 of 1860).]
Source footnotes
1. Ins. by Act 95 of 1956, s. 10 (w.e.f. 14-1-1957).2. Subs. by Act 20 of 1994, s. 9, for "Every chairman, director, auditor" (w.e.f. 31-1-1994).
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Section 1 · Short title, extent and commencement.Section 2 · Application of other laws not barred.Section 3 · Act not to apply to certain co-operative societies.Section 4 · Power to suspend operation of Act.Section 5 · Interpretation.Section 5A · Act to override memorandum, articles, etc.Section 6 · Form of business in which banking companies may engage.Section 7 · Use of words "bank", "banker", "banking" or "banking company".India Code, Government of India. Text fetched 15 Oct 2026. Source metadata reports last modification: 2026-01-06. Check the linked official text and subsequent notifications when applying a provision.