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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 with The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980

Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 with The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980

  • ₹90.00

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  • Author(s): Bare Act
  • Edition: Current Year
  • Approx. Pages 102 + Contents
  • Format Paperback

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As Amended by The Banking Laws (Amendment) Act, 2012 (4 of 2013)
Contents
Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
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 Compensation
6.    Payment of Compensation
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
10A.  Annual general meeting
10B.
11.    Corresponding new bank deemed to be and Indian Company
12.    Removal of Chairman from office
12A.  Bonus
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.    Reference to existing banks on and from the commencement of this Act
18.    Dissolution
18A.  Supersession of Board in certain cases
19.    Power to make regulations
20.    Amendment of certain enactments
21.    Repeal and saving
The First Schedule
The Second Schedule
The Third Schedule
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
Section 1 - 21
Schedule First - Third
The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970
Rules 1 - 20
Schedule Fist - Third
The Nationalised Bank (Management and Miscellaneous Provisions) Scheme, 1980
Paragraphs 1 - 19
Schedule First, Third
The New Bank of India (Amalgamation and Transfer of Undertaking) Scheme, 1993
Paragraphs 1 - 5
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