State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act

An Act to provide, in the public interest, for the acquisition of certain shares of the State Bank of Sikkim for the purpose of better consolidation and extension of banking facilities in the State of Sikkim and for matters connected therewith or incidental thereto.

Act Id	198262
Act Number	62
Enactment Date	1982-11-06
Act Year	1982
Ministry	Ministry of Finance
Enforcement Date	06-11-1982

PRELIMINARY
- 1 Short title and commencement
- 2 Definitions
ACQUISITION AND TRANSFER OF CERTAIN SHARES OF SIKKIM BANK
- 3 Vesting in the Central Government of certain shares of Sikkim
VESTING OF UNDERTAKINGS OF SIKKIM BANK IN THE CENTRAL GOVERNMENT
PAYMENT OF AMOUNTS
- 8 Payment of amounts
MANAGEMENT, ETC., OF THE UNDERTAKINGS OF SIKK
- 9 Management, etc., of the undertakings of Sikkim Bank
- 10 Date of delivery, possession of property acquired and documents relating thereto
PROVISIONS RELATING TO THE EMPLOYEES OF THE SIKKIM BANK
- 11 Transfer of service of existing officers and employees of the Sikkim Bank to the co-operative bank
MISCELLANEOUS

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