Vesting of undertaking of Sikkim Bank | State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982 | Bare Acts | Law Library

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Chapter III

Vesting of Undertakings of Sikkim Bank in The Central Government

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.

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

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