Email Address
Password
Forgot Password?
......................................................................................................................... Contents Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Chapter 1 - Preliminary 1. Short title and Commencement 2. Definitions Chapter II - Transfer of the undertakings of Existing Banks and Share Capitals of the Corresponding New Banks 3. Establishment of corresponding new banks and business thereof 3A. Trust not to be entered on the register 3B. Register of beneficial owner 4. Undertakings of existing banks to vest in corresponding new banks 5. General effect of vesting Chapter III - Payment of Amount 6. Payment of amount Chapter IV - Management of Corresponding New Banks 7. Head office and Management 8. Corresponding new banks to be guided by the directioons of the Central Government 9. Power of Central Government to make scheme 9A. Power of Reserve Bank to appoint additional director. Chapter V - Miscellaneous 10. Closure of accounts and disposal of profits 11. Annual general meeting 10B. Transfer of unpaid or unclaimed Dividend to Unpaid Dividend Accounts 11. Corresponding new bank deemed to be and Indian Company 12. Vacation of office of Chairman,etc. 13. Obligations as to fidelity and secrecy 14. Custodian to be public servant 15. Certain defects not to invalidate acts or proceedings 16. Indemnity 16A. Arrangement with corresponding new bank on appointment of Directors to prevail 17. Construction of reference to existing banks 18. Dissolution 19. Power to make regulations 20. Repealed by the Repealing and Amending Act (19 0f 1988) 21. Repeal and saving The First Schedule The Second Schedule The Thrird Schedule .........................................................................................................................
