Section 4:
Vesting of undertaking of Sikkim Bank.
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.
62/1982 - The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982 ▶
Act Number: 62
Act Name: The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982
Year: 1982
Enactment Date: 1982-11-06
Long Title: 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.
Ministry: Ministry of Finance
Department: Department of Financial Services