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Home › Indian Laws › Banking Regulation Act, 1949 › Section 45G
Banking Regulation Act, 1949 · Section guide

Section 45G: Public examination of directors and auditors

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 45G — Public examination of directors and auditors. Enables public examination of directors/auditors and other responsible persons concerning promotion, formation, conduct and affairs. Of the failed bank where the statutory conditions are met.

Official statute linkedProvision-specific anatomyPractical case + evidence file
Official text: DFS consolidated Act

Statutory structure and provision map

This map is a provision-specific explanation, not a substitute for the exact statutory text.

Core statutory rule

Enables public examination of directors/auditors and other responsible persons concerning promotion, formation, conduct and affairs of the failed bank where the statutory conditions are met.

Condition / limitation

How to read the provisionSection 45G: read the operative proposition with its defined terms and cross-references in the official Act.

Timing / amount / process

Boundary of the ruleDo not expand Section 45G by analogy; distinguish statutory text from stricter policy or later RBI requirements.

Professional application

Map who may be examined, trigger, examination process, protections and evidentiary use.

Evidence / working-paper checklist

  • Section 45G evidence: High Court/Central Government/RBI order initiating the process.
  • Section 45G evidence: liquidator/scheme records and creditor/debtor lists.
  • Section 45G evidence: service/publication and statutory-timeline evidence.
  • Section 45G evidence: orders settling claims, calls, transfers, moratorium or amalgamation.

Retain the event date and source version with the file so the conclusion remains reproducible after later amendments.

Common mistakes to avoid

  • For Section 45G, avoid applying ordinary Companies Act procedure without the banking-specific override.
  • For Section 45G, avoid missing the special limitation or accelerated filing period.
  • For Section 45G, avoid treating a private scheme as effective before the statutory sanction/order.

Related sections inside the Act

Section 45E — Special provisions to make calls on contributoriesSection 45F — Documents of banking company to be evidenceSection 45H — Assessing damages against delinquent directors, etc.Section 45I — Duty of directors and officers to assist in realisation of property

Use these links to read Section 45G in its statutory sequence, especially where the provision imports definitions, approvals, appeals, penalties or winding-up consequences from neighbouring sections.

Current-law source control

Source control: Section 45G is anchored to the official DFS consolidated text; later changes require separate Gazette verification.

Dated matters: verify any later Gazette, RBI direction or binding judgment affecting Section 45G on the event date.

Disclaimer

This Finin2min page is an educational and professional reference. Banking regulation is fact-, entity- and date-sensitive. Verify the current Act, Gazette amendments and commencement notifications, applicable RBI Rules/directions and the transaction record before acting or filing.