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

बैंककारी कम्‍पनी (उपक्रमों का अर्जन और अन्‍तरण) अधिनियम, 1970

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 to control the heights of the economy and to meet progressively, and serve better, the needs of development of the economy in conformity with national policy and objectives and for matters connected therewith or incidental thereto.

Act number

Act 5 of 1970

Year

1970

Enacted on

31-03-1970

In force from

19-07-1969

Jurisdiction

Central Act (India)

Subjects

Banking And Finance

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Official source: India Code