Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 · Chapter II: Transfer of the Undertakings of Existing Banks and Share Capitals of the Corresponding New Banks
Section 4: Undertaking of existing banks to vest in corresponding new banks
On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 4
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