The Banking Companies (Acquisition and Transfer of Undertakings) Act, 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 | 5 of 1970 |
|---|---|
| Enacted | 1970-03-31 |
| In force from | 1969-07-19 |
| Ministry | Ministry of Finance |
| Department | Department of Financial Services |
| Sections | 29 |
| Schedules | 6 |
| Section text held | Registry entry; certified PDF held |
Other Acts of the Ministry of Finance
- The Health Security Se National Security Cess Act, 2025
- The National Bank for Financing Infrastructure and Development Act, 2021
- The Tribunals Reforms Act, 2021
- The Bilateral Netting of Qualified Financial Contracts Act, 2020
- The Direct Tax Vivad se Vishwas Act, 2020
- The Banning of Unregulated Deposit Schemes Act, 2019
- The International Financial Services Centres Authority Act, 2019
- The Fugitive Economic Offenders Act, 2018
Questions this page answers
When did the The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 come into force?
It came into force on 1969-07-19, having been enacted on 1970-03-31.
Which ministry administers it?
The Ministry of Finance (Department of Financial Services).
Trijya holds a hash-verified copy of the official PDF of this Act; retrieval is available to API customers. Document archive.
Official data, Open data · as of 2026-07-21 · every row this page summarises carries its source, capture date and licence through the API.