LawgistThe Banking Companies (Acquisition and Transfer of Undertakings) Act
17Construction of references to existing banks
Any reference to any existing bank in any law, other than this Act, or in any contract or other instrument shall, in so far as it relates to the undertaking which has been transferred by section 4, be construed as a reference to the corresponding new bank.
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MISCELLANEOUS
- 10 Closure of accounts and disposal of profits
- 10A Annual general meeting
- 10B Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.
- 11 Corresponding new bank deemed to be an Indian company
- 12 Vacation of office of Chairman, etc
- 12A Bonus
- 13 Obligations as to fidelity and secrecy
- 14 Custodian to be public servant
- 15 Certain defects not to invalidate acts or proceedings
- 16 Indemnity
- 16A Arrangement with corresponding new bank on appointment of directors to prevail
- 17 Construction of references to existing banks
- 18 Dissolution
- 18A Supersession of Board in certain cases
- 19 Power to make regulations
- 20 [Repealed.]
- 21 Repeal and saving
