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Section 17: Construction of references to existing banks.

The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980Central Act · Act 40 of 1980

Any reference to any existing bank in any law, other than this Act, or in any contract or other instrument shall, in so far as it relates to the undertaking which has been transferred by section 4, be construed as a reference to the corresponding new bank.

Where this provision sits

ActThe Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
Section17
Marginal noteConstruction of references to existing banks.
JurisdictionCentral
StatusIn force as published by the source

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