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

[Act, 1982 Act No. 62 of 1982]

[6th November, 1982.]

Sections Particulars
Title The The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982
Chapter I Preliminary
1. Short title and commencement
2. Definitions
Chapter II Acquisition and Transfer of Certain Shares af Sikkim Bank
3. Vesting in the Central Government of certain shares of Sikkim
Chapter III Vesting of Undertakings of Sikkim Bank in The Central Government
4. Vesting of undertaking of Sikkim Bank
5. General effect of vesting
6. Vesting of the shares and undertakings of Sikkim Bank in the State Government
7. Power of State Government to direct vesting of the undertakings of Sikkim Bank the Sikkim Co-operative bank
Chapter IV Payment of Amounts
8. Payment of amounts
Chapter V Management, Etc., of The Undertakings of SIKK
9. Management, etc., of the undertakings of Sikkim Bank
10. Date of delivery, possession of property acquired and documents relating thereto
Chapter VI Provisions Relating to The Employees of The Sikkim Bank
11. Transfer of service of existing officers and employees of the Sikkim Bank to the co-operative bank
Chapter VII Miscellaneous
12. Act to have overriding effect
13. Protection of action taken in good faith
14. Penalties
15. Offences by companies
16. Delegation of powers
17. Power of Central Government to make rules
18. Power to remove difficulties
19. References to Sikkim Bank in other laws
20. Dissolution of Sikkim Bank
The Schedule Manner of Payment of Amount for The Trasnfer of Shares of The State Bank of Sikkim to The Central Government

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