Banking Companies (Acquisition and Transfer of Undertakings) Act : Custodian to be public servant.

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

Act No : 40

Section : Custodian to be public servant.

14. Custodian to be public servant. Every Custodian of a corresponding new bank shall be deemed to be a public servant for the purposes of Chapter IX of the Indian Penal Code (45 of 1860).

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