In section 45F of the principal Act,-
(i) in sub-section (1), for the words "proceedings by or against the banking company", the words "legal proceedings" shall be substituted;
(ii) in sub-section (2)-
(a) after the word "directors", the words "officers and other employees" shall be inserted, and
(b) the words, brackets and figures "before the commencement of the Banking Companies (Amendment) Act, 1953" shall be omitted.
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