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

Act No : 40 of 1980

 

Contents of Act:

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SECTION( CHAP ) PRELIMINARY View
SECTION( 1. ) Short title and commencement. View
SECTION( 2. ) Definitions. View
SECTION( CHAP ) TRANSFER OF THE UNDERTAKINGS OF EXISTING BANKS AND CAPITALS OF THECORRESPONDING NEW BANKS View
SECTION( 3. ) Establishment of corresponding new banks and business thereof. View
SECTION( 4. ) Undertakings of existing banks to vest in corresponding new banks. View
SECTION( 5. ) General effect of vesting. View
SECTION( CHAP ) PAYMENT OF AMOUNT View
SECTION( 6. ) Payment of amount. View
SECTION( CHAP ) MANAGEMENT OF CORRESPONDING NEW BANKS View






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