The Banking Companies (Acquisition and Transfer of Undertakings) Act, 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 | 40 of 1980 |
|---|---|
| Enacted | 1980-07-11 |
| In force from | 1980-04-15 |
| Ministry | Ministry of Finance |
| Department | Department of Financial Services |
| Sections | 29 |
| Schedules | 6 |
| Section text held | Registry entry; certified PDF held |
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Questions this page answers
When did the The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 come into force?
It came into force on 1980-04-15, having been enacted on 1980-07-11.
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.
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