State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982
Bare Act · 1982
An Act to provide, in the public interest, for the acquisition of certain shares of the State Bank of Sikkim for the purpose of better consolidation and extension of banking facilities in the State of Sikkim and for matters connected therewith or incidental thereto.
- Act number
- 62 of 1982
- Enacted
- 6 November 1982
- Contents
- 20 sections · 7 chapters
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Contents
Chapter I — Preliminary
Chapter II — Acquisition And Transfer Of Certain Shares Of Sikkim Bank
Chapter III — Vesting Of Undertakings Of Sikkim Bank In The Central Government
- Section 4 – Vesting of undertaking of Sikkim Bank
- Section 5 – General effect of vesting
- Section 6 – Vesting of the shares and undertakings of Sikkim Bank in the State Government (preview)
- Section 7 – Power of State Government to direct vesting of the undertakings of Sikkim Bank the Sikkim Co-operative bank (preview)
Chapter IV — Payment Of Amounts
- Section 8 – Payment of amounts (preview)
Chapter V
- Section 9 – Management, etc., of the undertakings of Sikkim Bank (preview)
- Section 10 – Date of delivery, possession of property acquired and documents relating thereto (preview)
Chapter VI — Provisions Relating To The Employees Of The Sikkim Bank
Chapter VII — Miscellaneous
- Section 12 – Act to have overriding effect (preview)
- Section 13 – Protection of action taken in good faith (preview)
- Section 14 – Penalties (preview)
- Section 15 – Offences by companies (preview)
- Section 16 – Delegation of powers (preview)
- Section 17 – Power of Central Government to make rules (preview)
- Section 18 – Power to remove difficulties (preview)
- Section 19 – References to Sikkim Bank in other laws (preview)
- Section 20 – Dissolution of Sikkim Bank (preview)