Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

बैंककारी कम्‍पनी (उपक्रमों का अर्जन और अन्‍तरण) अधिनियम,1980

An Act to provide for the acquisition and transfer of the undertakings of certain banking companies, having regard to their size, resources, coverage and organisation, in order further to control the heights of the economy, to meet progressively, and serve better, the needs of the development of the economy and to promote the welfare of the people, in conformity with the policy of the State towards securing the principles laid down in clauses (b) and (c) of article 39 of the Constitution and for matters connected therewith or incidental thereto.

Act number

Act 40 of 1980

Year

1980

Enacted on

11-07-1980

In force from

15-04-1980

Jurisdiction

Central Act (India)

Subjects

Banking And Finance

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Official source: India Code