Section 251 - Saving for legal advisers and bankers. - Companies Act, 1956

Saving for legal advisers and bankers. 251. Nothing in sections [1] [234 to 247 and 250] shall require the disclosure to the [2] [ [3] [Tribunal] or to the Central Government or to the Registrar or to an Inspector appointed by Central Government.] (a) by a legal adviser, of any privileged communication made to him in that capacity, except as respects the name and address of his client; or (b) by the bankers of any company, body corporate [4] [* * *] or other person, referred to in the sections aforesaid, as such bankers, of any information as to the affairs of any of their customers other than such company, body corporate [5] [* * *] or person. ---------------------------------- Notes:- [1] Substituted for "234 to 250" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [2] Substituted by the Companies (Amendment) Act, 1988, section 44, w.e.f. 31-5-1991, for the words "the Registrar or to the Central Government or to an Inspector appointed by that Government". [3] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [4] Omitted by the Companies (Amendment) Act, 2000 as provisions relating to managing agents, secretaries and treasures had become redundant after abolition of system by Act 17 of 1969. [5] Omitted by the Companies (Amendment) Act, 2000 as provisions relating to managing agents, secretaries and treasures had become redundant after abolition of system by Act 17 of 1969.