[23C. Cessation of business of transferor Regional Rural Banks.--On and from the date on which the amalgamation takes effect under section 23A, the transferor Regional Rural Banks shall cease to carry on business, including that of making of any payment to any depositors or discharge any liability or obligation to the creditors except to the extent as may be necessary for the implementation of the provisions of the said amalgamation.]
Section 23C: Cessation of business of transferor Regional Rural Banks.
The Regional Rural Banks Act, 1976Central Act · Act 21 of 1976
Where this provision sits
| Act | The Regional Rural Banks Act, 1976 |
|---|---|
| Section | 23C |
| Marginal note | Cessation of business of transferor Regional Rural Banks. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- inserted, Act 1 of 1988. . Ins. by Act 1 of 1988, s. 13 (w.e.f. 28-9-1988).
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