Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 |
Act No : 5 of 1970 |
---|---|
Contents of Act: |
View |
Section (Chap 1) PRELIMINARY |
![]() |
Section (1) Short title and commencement |
![]() |
Section (2) Definitions |
![]() |
Section (Chap 2) TRANSFER OF THE UNDERTAKING OF EXISTING BANKS AND SHARE CAPITALS OF THE CORRESPONDING NEW BANKS |
![]() |
Section (3) Establishment of corresponding new banks and business thereof |
![]() |
Section (4) Undertaking of existing banks to vest in corresponding new banks |
![]() |
Section (5) General effect of vesting |
![]() |
Section (Chap 3) PAYMENT OF COMPENSATION |
![]() |
Section (6) Payment of compensation |
![]() |
Section (Chap 4) MANAGEMENT OF CORRESPONDING NEW BANKS |
![]() |