12. Registration of defunct banking companies.- Every banking company, being a defunct banking company at the commencement of this Act, by reason of sub-clause (vii), or sub-clause (viii) of clause (f) of section 2 shall, unless it becomes a defunct banking being company under ‘any other sub-clause of that clause, be registered by the Corporation as an insured bank as soon as may be after the termination of the order of moratorium or, as the
case may be, the rejection of the application for its winding up.