Banking Companies (Acquisition and Transfer of Undertakings) Act,1980 |
Act No : 40 of 1980 |
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Contents of Act: |
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SECTION( CHAP ) PRELIMINARY |
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SECTION( 1. ) Short title and commencement. |
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SECTION( 2. ) Definitions. |
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SECTION( CHAP ) TRANSFER OF THE UNDERTAKINGS OF EXISTING BANKS AND CAPITALS OF THECORRESPONDING NEW BANKS |
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SECTION( 3. ) Establishment of corresponding new banks and business thereof. |
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SECTION( 4. ) Undertakings of existing banks to vest in corresponding new banks. |
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SECTION( 5. ) General effect of vesting. |
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SECTION( CHAP ) PAYMENT OF AMOUNT |
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SECTION( 6. ) Payment of amount. |
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SECTION( CHAP ) MANAGEMENT OF CORRESPONDING NEW BANKS |
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