Section 4

Vesting of undertaking of Sikkim Bank.

The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982

  • Act 62 of 1982
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to provide, in the public interest, for the acquisition of certain shares of the State Bank of Sikkim for the purpose of better consolidation and extension of banking facilities in the State of Sikkim and for matters connected therewith or incidental thereto.

All sections
    On the appointed day, the undertakings of the Sikkim Bank shall, by virtue of this Act, stand transferred to, and shall vest in, the Central Government.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) ยท Know your rights

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