LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


Banking Companies (Acquisition and Transfer of Undertakings) Act,1980

Act No : 40 of 1980

Contents of Act:

View

SECTION( CHAP ) PRELIMINARY View
SECTION( 1. ) Short title and commencement. View
SECTION( 2. ) Definitions. View
SECTION( CHAP ) TRANSFER OF THE UNDERTAKINGS OF EXISTING BANKS AND CAPITALS OF THECORRESPONDING NEW BANKS View
SECTION( 3. ) Establishment of corresponding new banks and business thereof. View
SECTION( 4. ) Undertakings of existing banks to vest in corresponding new banks. View
SECTION( 5. ) General effect of vesting. View
SECTION( CHAP ) PAYMENT OF AMOUNT View
SECTION( 6. ) Payment of amount. View
SECTION( CHAP ) MANAGEMENT OF CORRESPONDING NEW BANKS View