Central Act
4
Section 4. Undertakings of existing banks to vest in corresponding new banks.
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
In forceAll India (Central Act)
4. Undertakings 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.