Banking Companies (Acquisition and Transfer of Undertakings) Act : Undertakings of existing banks to

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

Act No : 40

Section : Undertakings of existing banks to vest in corresponding new banks.

4. Undertakings of existing banks to vest in corresponding new banks. On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.

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Absolute Grounds of Refusal of Registration -..
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carrefour v subburaman..
Payment of price is not necessary for complet..

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