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Home > Bare Acts > Corporate Law > Banking Companies (Acquisition and Transfer of Undertakings) Act,1970



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

Act No : 5 of 1970

 

Contents of Act >>

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Section (Chap 1) PRELIMINARY View
Section (1) Short title and commencement View
Section (2) Definitions View
Section (Chap 2) TRANSFER OF THE UNDERTAKING OF EXISTING BANKS AND SHARE CAPITALS OF THE CORRESPONDING NEW BANKS View
Section (3) Establishment of corresponding new banks and business thereof View
Section (4) Undertaking of existing banks to vest in corresponding new banks View
Section (5) General effect of vesting View
Section (Chap 3) PAYMENT OF COMPENSATION View
Section (6) Payment of compensation View
Section (Chap 4) MANAGEMENT OF CORRESPONDING NEW BANKS View


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