आधिकारिक दस्तावेज़ / Official document
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English — official source version
a1980-40.pdf
इस संस्करण को आधिकारिक दस्तावेज़ में पढ़ें। Read this version in its official source document.
Open official source version ↗About this act
- Jurisdiction
- Central
- Enactment date
- 1980-07-11
- Sections available
- 29
Commencement information from the source
15-04-1980
Read the sections
1Short title and commence.→2Definitions.→3Establishment of corresponding new banks and business thereof.→3ATrust not to be entered on the register.→3BRegister of beneficial owners.→4Undertakings of existing banks to vest in corresponding new banks.→5General effect of vesting.→6Payment of amount.→7Head office and management.→8Corresponding new banks to be guided by the directions of the Central Government.→9Power of Central Government to make scheme.→9APower of Reserve Bank to appoint additional director.→10Closure of accounts and disposal of profits.→10AAnnual general meeting.→10BTransfer of unpaid or unclaimed money.→11Corresponding new bank deemed to be an Indian company.→12Vacation of office of Chairman, etc.→12ABonus.→13Obligations as to fidelity and secrecy.→14Custodian to be public servant.→15Certain defects not to invalidate acts or proceedings.→16Indemnity.→16AArrangement with corresponding new bank on appointment of directors to prevail.→17Construction of references to existing banks.→18Dissolution.→18ASupersession of Board in certain cases.→19Power to make regulations.→20[Repealed.].→21Repeal and saving.→
Schedules
THE FIRST SCHEDULEOfficial attachment ↗THE SECOND SCHEDULE.Official attachment ↗THE THIRD SCHEDULEOfficial attachment ↗
India Code, Government of India. Text fetched 17 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.