On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.
Section 4: Undertakings of existing banks to vest in corresponding new banks.
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980Central Act · Act 40 of 1980
Where this provision sits
| Act | The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 |
|---|---|
| Section | 4 |
| Marginal note | Undertakings of existing banks to vest in corresponding new banks. |
| Jurisdiction | Central |
| Status | In force as published by the source |
Find the provision, not just read it
The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
- Search 49,000+ Central and State enactments by what a provision says, not by its number
- Jump from any section to every judgment that has applied it
- Search 300 million+ Indian court records alongside the statute
- Ask a research agent to find and read the case law on a provision for you
Free account. No card. About a minute to create.
Create a free accountNeed this as data, not as a page? The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.