THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970
An Act to provide for the acquisition and transfer of the undertakings of certain banking
companies, having regard to their size, resources, coverage and organisation, in order to
control the heights of the economy and to meet progressively, and serve better, the needs of
development of the economy in conformity with national policy and objectives and for
matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Twenty-first Year of the Republic of India as follows:—
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