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

Banking Companies (Acquisition and Transfer of Undertakings) Act,1970

Act No : 5

Section : Undertaking of existing banks to vest in corresponding new banks

4. Undertaking 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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1974 AIR Mad 30..
carrefour v subburaman..
Payment of price is not necessary for complet..

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