Act ID: 198040
Act Number: 40
Enactment Date: 1980-07-11
Act Year: 1980
Short Title: The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
Long Title: 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.
Ministry: Ministry of Finance
Department: Department of Financial Services
Enforcement Date: 15-04-1980
Last Updated: 15-04-2019