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

Sections

1 Short title and commencementView Details
10 Closure of accounts and disposal of profitsView Details
11 Corresponding new bank deemed to be an Indian companyView Details
12 Removal of Chairman from officeView Details
13 Obligations as to fidelity and secrecyView Details
14 Custodian to be public servantView Details
15 Certain defects not to invalidate acts or proceedingsView Details
16 IndemnityView Details
17 References to existing banks on and from the commencement of this ActView Details
18 DissolutionView Details
19 Power to make regulationsView Details
2DefinitionsView Details
20 Amendment of certain enactmentsView Details
21 Repeal and savingsView Details
3Establishment of corresponding new banks and business thereofView Details
4Undertaking of existing banks to vest in corresponding new banksView Details
5General effect of vestingView Details
6 Payment of compensationView Details
7Head office and managementView Details
8Corresponding new banks to be guided by the directions of the Central GovernmentView Details
9Power of Central Government to make schemeView Details

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