Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

	Section Title
	INTRODUCTION
	Chapter I - Preliminary	View Judgements
1	Short title and commencement	View Judgements
2	Definitions	View Judgements
	Chapter II - Transfer Of The Undertakings Of Existing Banks	View Judgements
3	Establishment of corresponding new banks and business thereof	View Judgements
4	Undertaking of existing banks to vest in corresponding new banks	View Judgements
5	General effect of vesting	View Judgements
	Chapter III - Payment Of Compensation	View Judgements
6	Payment of compensation	View Judgements

	Chapter IV - Management Of Corresponding New Banks	View Judgements
7	Head office and management	View Judgements
8	Corresponding new banks to be guided by the directions of the Central Government	View Judgements
9	Power of Central Government to make scheme	View Judgements
	Miscellaneous	View Judgements
10	Closure of accounts and disposal of profits	View Judgements
11	Corresponding new bank deemed to be an Indian company	View Judgements
12	Removal of Chairman from office	View Judgements
13	Obligations as to fidelity and secrecy	View Judgements
14	Custodian to be public servant	View Judgements

15	Certain defects not to invalidate acts or proceedings	View Judgements
16	Indemnity	View Judgements
17	References to existing banks on and from the commencement of this Act	View Judgements
18	Dissolution	View Judgements
19	Power to make regulations	View Judgements
20	Amendment of certain enactments	View Judgements
21	Repeal and savings	View Judgements
	SCHEDULE I
	SCHEDULE II
	SCHEDULE III

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