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Chapter-12 Provisions on Mandatory Liquidation of Bank or Financial Institutions

Section 97: Mandatory Liquidation of Bank or Financial Institution carrying on transactions in more than one Country

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The process of the mandatory liquidation of the branch of the bank or financial institution carrying on transactions in more than one country shall be as determined by the Rastra Bank by giving due consideration to best international practices.

Provided that mandatory liquidation of the bank or financial institution engaged as a subsidiary company of the bank or financial institution working in more than one country shall be according to this Chapter.

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Section 97: Mandatory Liquidation of Bank or Financial Institution carrying on transactions in more than one Country

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