Chapter III — Vesting Of Undertakings Of Sikkim Bank In The Central Government

Section 7 — Power of State Government to direct vesting of the undertakings of Sikkim Bank the Sikkim Co-operative bank

State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982 · Preview

(1) Notwithstanding anything contained in sections 4, 5 and 6, the State Government may, if it is satisfied that the co-operative bank is willing to comply, or has complied, with such terms and…