Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 |
Act No : 5 of 1970 |
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Contents of Act: |
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Section (7) Head office and management | |
Section (8) Corresponding new banks to be guided by the directions of the Central Government | |
Section (9) Power of Central Government to make scheme | |
Section (Chap 5) MISCELLANEOUS | |
Section (10) Closure of accounts and disposal of profits | |
Section (11) Corresponding new bank deemed to be an Indian company | |
Section (12) Removal of Chairman from office | |
Section (12A) Bonus | |
Section (13) Obligations as to fidelity and secrecy | |
Section (14) Custodian to be public servant |