Central Act
11
Section 11. Corresponding new bank deemed to be an Indian company.
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
In forceAll India (Central Act)
11. Corresponding new bank deemed to be an Indian company. For the purposes of the Income-tax Act, 1961 (43 of 1961), every corresponding new bank shall be deemed to be an Indian company and a company in which the public are substantially interested.