ACC Bank Act, 2001
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Amendment of section 3 of Companies (Amendment) Act, 1990. |
11.—(1) Section 3(2)(b) (inserted by section 6 of the Companies (Amendment) (No. 2) Act, 1999 ) of the Companies (Amendment) Act, 1990 , is amended by the substitution for paragraph (b) of the following paragraph: | |
“(b) Where the company referred to in section 2 is— | ||
(i) the holder of a licence under section 9 of the Central Bank Act, 1971 , | ||
(ii) a company which a building society has converted itself into under Part XI of the Building Societies Act, 1989 , | ||
(iii) a company which one or more trustee savings banks have been reorganised into pursuant to an order under section 57 of the Trustee Savings Banks Act, 1989 , or | ||
(iv) the ACC Bank public limited company, | ||
a petition under section 2 may be presented only by the Central Bank, and subsection (1) of this section shall not apply to the company”. | ||
(2) Section 3(2)(b) (inserted by subsection (1)) of the Companies (Amendment) Act, 1990 , is amended by the substitution for paragraph (b) of the following paragraph: | ||
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“(b) Where the company referred to in section 2 is— | ||
(i) the holder of a licence under section 9 of the Central Bank Act, 1971 , | ||
(ii) a company which a building society has converted itself into under Part XI of the Building Societies Act, 1989 , or | ||
(iii) a company which one or more trustee savings banks have been reorganised into pursuant to an order under section 57 of the Trustee Savings Banks Act, 1989 , | ||
a petition under section 2 may be presented only by the Central Bank, and subsection (1) of this section shall not apply to the company.”. |