Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 |
Act No : 5 of 1970 |
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Contents of Act: |
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| Section (7) Head office and management |
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| Section (8) Corresponding new banks to be guided by the directions of the Central Government |
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| Section (9) Power of Central Government to make scheme |
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| Section (Chap 5) MISCELLANEOUS |
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| Section (10) Closure of accounts and disposal of profits |
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| Section (11) Corresponding new bank deemed to be an Indian company |
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| Section (12) Removal of Chairman from office |
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| Section (12A) Bonus |
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| Section (13) Obligations as to fidelity and secrecy |
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| Section (14) Custodian to be public servant |
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