Part IIC — Acquisition Of The Undertakings Of Banking Companies In Certain Cases

Section 36AE — Power of Central Government to acquire undertakings of banking companies in certain cases

Banking Regulation Act, 1949 · Preview

[36AE. Power of Central Government to acquire undertakings of banking companies in certain cases. -- (1) If, upon receipt of a report from the Reserve Bank, the Central Government is satisfied that a…