On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.
Chapter II — TRANSFER OF THE UNDERTAKINGS OF EXISTING BANKS AND SHARE CAPITALS OF THE CORRESPONDING NEW BANKS
Section 4
Undertakings of existing banks to vest in corresponding new banks.
Printed from Law on Tips • The Narcotic Drugs and Psychotropic Substances Act, 1985