Application of Act to insurance, banking, electricity supply and other companies governed by special Acts.
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....s Act shall apply^____ (a) to insurance companies, except in so far as the said provisions are inconsistent with the provisions of the Insurance Act, 1938 (4 of 1938); (b) to banking companies, except in so far as the said provisions are inconsistent with the provisions of the Banking Companies Act, 1949 (10 of 1949);^[1]  ....
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