Chapter II — Transfer Of The Undertakings Of Existing Banks And Share Capitals Of The Corresponding New Banks

Section 5 — General effect of vesting

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

(1) The undertaking of each existing bank shall be deemed to include all assets, rights, powers, authorities and privileges and all property, movable and immovable, cash balances, reserve funds,…